Disruptors 11 Entrepreneur Truths I Wish I Knew 11 Years Ago [Business, mindset, entrepreneur, disruptors]
11 ENTREPRENEUR TRUTHS I WISH I’D KNOWN
In this episode, Rob shares the 11 things he wishes he had known when he was starting out. This podcast is an amazing opportunity to benefit from Rob’s expertise and experience.
The Disruptive Entrepreneur should be listened to now by anyone starting out in business, it will make a positive difference to your journey.
KEY TAKEAWAYS
- 1 You’re not alone
You can feel that challenges are yours alone. In reality, you are not alone other entrepreneurs have faced the same challenges.
Align yourself with people who can help you, mentor you, inspire you and lift you up, People who have the answers to your problems because they’ve been there.
- 2 It’s good to want to make a difference but it’s also good to want to make a profit
The purpose of business is to take risks and the reward is profit.
The ideal for sustainable and scalable business is to achieve a balance between serving, solving, caring, making a difference whilst equally being selfishly motivated to make a net profit margin.
- 3 Time management is easier than you think
In reality, everyone has the same amount of time in the day. Time management is about time prioritising. It’s about managing both your emotions and your planning. Compartmentalising is the key to managing your time successfully. If you know what you’ve got to do and when then it removes the emotions.
- 4 Manage and master your emotions well
This is what will drive your business to be successful. Emotions can dominate the entrepreneur as things are not fair.
Business mastery is taking events in your stride accepting them and not reacting to them emotionally so that you don’t cause resistance or breakage. You have mastered your emotions when you can smile, be grateful and accept things even though that’s not how you feel.
- 5 if you want to be great in business you need to be great at marketing
The area you must be great at in any business is marketing. This is about promoting the products you have and getting them out there to the market.
If you want to sell more, it's about creating a balance between putting out value and what you get back. If you want to sell more increase the amount of value you are putting out.
- 6 You need to up your game with social media
This is a key requirement for any business in 2019
It's not just the volume of posts it’s also about the quality. For organic content, LinkedIn extends your reach to a much larger contact base than other platforms.
You should be increasing both the quality and quantity of your content to increase your reach.
- 7 The balance of confidence and humility
‘If you don’t believe in yourself why should anyone else?’
The belief about a business can come from the enjoyment and the passion and from the proof, the success of the results.
Confidence can turn into hubris, arrogance, narcissism and complacency these are human traits. It’s not about never experiencing them but about understanding and managing them.
- 8 What you should be planning for next
The time is now to plan, prepare, save, get liquid for, and organise finance. You need to do these things right now to be ready for the next recession. It's coming, the signs are there so you need to be prepared so that you don’t miss any of the opportunities that will available.
- 9 How you feel comparing yourself to others
It’s a curse but it can force you to grow and learn. If you are going to compare yourself to anyone else then make sure to do the upside as well as the downside.
It’s a futile exercise for me to try and be like Arnold Schwarzenegger, one of my heroes, the best thing is to use him to inspire me to be the best version of myself that I can be.
- 10 Knowing what type of business you are
There are 3 main types of business person
The intrapreneur - someone who wants to own things but doesn’t want to take the risk these people often partner with an entrepreneur or work with autonomy within a large company.
The lifestyle entrepreneur – who want to maximise their time. This is the most important thing to them, and they will sacrifice certain things to retain time and lifestyle.
The empire builder – who wants vast scale, they want to grow something big and meaningful.
- 11 The myths of the hard sell
Working hard is only part of the equation working smart is another part leveraging, outsourcing, getting low-value tasks done in a different way e.g. using apps, technology, virtual assistants can transform your business.
BEST MOMENTS
‘It's about life and business prioritisation’
‘Get out of your own way’
‘A simple solution, you need to talk to other people’
'Don’t do another thing that’s not selling’
'Often the recipients of our worst emotions are those who are closet to us’
'No one is going to be pushing, selling or marketing your product for you’
‘Are you getting good discussions from your posts?’
‘You want to be humble to learn from everyone’
'Some of the biggest companies have been formed in recessions’
'You can never be a better version of them you can only be a better version of you’
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979