Business Mentor Podcast

When emotion is high, intelligence is low. Business built off of emotion, the emotion of ‘screw it, let’s do it’ often fail. Why? Because there is no research, planning, growth strategy and exit strategy. In today’s episode, Jay dives into the mentality needed to succeed in business with logic, preparation and planning and why starting a business driven by emotion don’t always work.

Coming soon. Free resources and Success Plans available on The Business Mentor website. (Jay-dhillon.com)

KEY TAKEAWAYS

• A business should be built on logic, planning, strategy, profitability, growth and an exit strategy and not just an emotion.

• If you’re looking to start a business make sure you do the research. Emotion gives us a momentum where we think we can ‘just make it happen’ but the devil is in the detail.

• When starting a business you must test the demand in the market and research the industry downside and upside before going all in.

• The reality of starting a business kicks in when you’ve launched your PR campaign, you’ve set everything up and your sat in a quiet office. This why you must test and research everything from your demand to your exit strategy before launching and not get caught up in the emotion of the idea.

• A lot of people lose a lot of money with the ‘Screw it let’s do it’ mentality when going into business. To be successful you need to look beyond the headline of a business opportunity. Do the research and develop a growth strategy and an exit strategy before making the leap.

BEST MOMENTS

“In business, strategy and logic always win”

“When emotion is high go into research mode.”

VALUABLE RESOURCES

• Richard Branson - Screw it lets do it:

 https://www.amazon.co.uk/Screw-Lets-Do-Lessons-Quick/dp/0753510995

• Sign up to the Transform My Life Online course: https://beautifulminds.com.au/transform-my-life-online-course/
• Join The Disruptive Movement: https://www.disruptivedare.com/
• Read As A Man Thinketh by James Allen. Order it on Amazon: https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536
• Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! http://businessmentorpodcast.com/

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

Jay welcomes back author, mentor and entrepreneur, Neville Wright to the podcast to discuss what the current economic situation means for those of you wanting to start, grow and scale your own business. Discover what it takes to capitalise on new business opportunities, what it means to learn something new each and every day and what it means to be an entrepreneur today.

KEY TAKEAWAYS

• The doom and gloom of the current economic situation will continue for the near future, however, it will push those of you who are on the fence or concerned about starting a business to go ahead and start your business or grasp that opportunity you’ve been waiting to take. If you do not start a business now it’s something you may regret. If the economy recovers in the next couple of years you may not have the same opportunity again.
  
  
• With many people being made unemployed it’s a fantastic situation for business owners to find new employees with skills and qualifications to bring into their business.
  
  
• Business owners that want to improve and increase their business need to accept the reality of the current situation and take your luck as it comes. Now is a great time to start your own business and capitalise on current opportunities in the marketplace.
  
  
• Can you utilise a ‘secret salesperson’ in your business? A secret salesperson is utilising a feeling, emotion or niche audience or even fear to help market, promote and sell your business to the customer and market your brand. In Kiddicare the secret salesperson was the pregnant mother.
  
  
• As an entrepreneur, you need to be ‘in it to win it’ and prepared to grasp opportunities when they present themselves. Wherever you are there is someone running the same business as you but some of them are thriving and some of them are just surviving, which business are you?
  
  

BEST MOMENTS

“There are no benefits to the benefits system in the long run”

“With businesses, you’re always learning”

“Once you taste your own freedom of being your own boss I don’t think you’ll ever go and work for someone ever again”

“Businesses in today economic situation has to adapt and change with new rules and remote working.”

VALUABLE RESOURCES

• Sign up to the Transform My Life Online course: https://beautifulminds.com.au/transform-my-life-online-course/
• Join The Disruptive Movement: https://www.disruptivedare.com/
• Read As A Man Thinketh by James Allen. Order it on Amazon: https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536
• Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! http://businessmentorpodcast.com/

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

ABOUT THE GUEST

Neville Wright is an multimillionaire entrepreneur, author, mentor and public speaker and has built a number of successful businesses, despite leaving school at 15 with no qualifications. Neville developed a property maintenance business, expanding into retail, alongside incorporating buying and selling businesses. Most people recognise Neville for the sale of Kiddicare, a baby nursery retailer which we started in 1977 and sold for £70 million pounds in cash to Morrisons supermarket in 2011. A record price for one independent shop in the depths of a recession. What many people will not know is Neville had previously sold three nursery businesses, dating back over the last 36 years, plus a variety of other businesses including hairdressing salons, restaurants, a large house-building business and a technology company.

See omnystudio.com/listener for privacy information.

Is there something you’ve always wanted to try out, but the fear of regret has stopped you from doing so? Join Jay today as he discusses how to stop this fear from holding you back as he draws on his own personal experience on how some of his business ventures have turned into life lessons. Discover why it is important to test and measure your new idea, why setting yourself a deadline is beneficial and why the best lessons sometimes come from our failures.

KEY TAKEAWAYS

• When you have got an idea, and you want to run with it rather than just think about it you should test and measure it and let the results decide if it is going to be something worth doing. The fear of regret and not doing something outweighs just going ahead and doing it. Whatever happens, you will learn from it.

• Going ahead and doing something, gives you this power of ‘tried it, it didn’t work, learnt your lesson’ and you are able to move on from it. The biggest regret you will have is not doing it. If you decide not to do something, you will be plagued with ‘what if’ thoughts.

• You have to go into these ventures and put some action into them. Put a time frame on things and give it a go. If you put a short enough time frame on your new business idea and stick to it, you can really push it forward. You are able to test and measure the results you get. Testing and measuring is the only thing that will make you look at this new idea and decide whether or not to proceed with it.

• The key thing is to set a deadline. If you are going to test something, tell yourself you will give this idea 2-3 months. Use the results to determine if you will continue. This doesn’t mean that you will give up straight away. Make sure you are aware of your key performance areas and ensure that they are relevant to what you are

• When you have created your plan, make sure you execute the plan correctly. If your budget allows, spend some money on testing the product. It is better to test something quickly and get direct feedback from your end consumer, rather than try to build it organically. Don’t let the fear of regret eat you up when you get older. Try things that you wish to do, the younger you are the easier it is to do.

BEST MOMENTS

“At the time I thought ‘oh I wish I never did this’ but looking back, it was a great lesson, a lesson that I can share.”

“I don’t look back and think ‘I wish I would’ve saved that money’ what I’ve learned is a great lesson and I made some great partnerships.”

“By doing nothing, you gain nothing.”

VALUABLE RESOURCES

• Sign up to the Transform My Life Online course: https://beautifulminds.com.au/transform-my-life-online-course/
• Join The Disruptive Movement: https://www.disruptivedare.com/
• Read As A Man Thinketh by James Allen. Order it on Amazon: https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536
• Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! http://businessmentorpodcast.com/

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

New opportunities can often be exciting and intriguing, but not every opportunity is a good one. Join Jay today as he takes you through his seven steps for spotting a good opportunity. Learn how all good opportunities are those that solve common problems, how important market research is and to make sure your new business opportunity is scalable. 

KEY TAKEAWAYS 

• Does the opportunity excite you? Are you excited about it? This is the easy part. Every idea or opportunity you may get will have some form of excitement about it because it is new, fresh and interesting. If at this initial point, you are not excited then it is advisable to go and look at something else. You don’t want to be doing something you are not excited about just because somebody else has done it. 

• If the opportunity or idea that you come across does not solve a problem, then you do not want to be doing it. Have a look at the idea and ask yourself if it would make life easier for other people. You can look at problems in any kind of industry, small or big and come up with ways to solve these problems which people would appreciate and support. 

• Do your market research. Many people skip this process as they get so overwhelmed with the idea or opportunity. Look at the finer details such as competitors and price points. You need to do that in order to assess whether or not there is a demand for this new product or service.  You need to build a minimum viable product. Build something that looks like what you would hope to be the end result and get some orders. You need to get the orders in order to create a real demand. 

• In certain industries, you may not be able to get a physical order in, but get the commitment from people. Many times, people will tell you it is a great idea but will not want to commit when asked to purchase the product or service. People will give you a false sense of security. 

• Can this business be scaled? Is there a big enough market for this product? Make sure that you can scale the business. There is no point doing the business unless you are able to scale it. You will find that after the initial hard work and effort, you cannot take your business any further. 

BEST MOMENTS

“Why would you not want to go with something that is already moving forward?”

“Unless people are buying your actual service, you are going to get unstuck.”

“Start looking at this as a business, this isn’t a dream. Business is competitive.”

VALUABLE RESOURCES

• Sign up to the Transform My Life Online course: https://beautifulminds.com.au/transform-my-life-online-course/
• Join The Disruptive Movement: https://www.disruptivedare.com/
• Read As A Man Thinketh by James Allen. Order it on Amazon: https://www.amazon.com/As-Man-Thinketh-Complete-Original/dp/1523643536
• Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! http://businessmentorpodcast.com/

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

Discover today how you can get the most out of your mentorship by ensuring your mentor is giving you the best advice that is relevant in today’s business world. Jay discusses the importance of having a mentor who is currently working in their niche, why you want to ensure the advice they are giving you is relevant to today's market and how to talk through these concerns with your mentor.

KEY TAKEAWAYS

• When you speak to a mentor or a coach then you want to know if they are practicing in their field currently. You want to work with mentors who are doing things in your industry now. The mentor can use the lessons of the past but then adapt that experience to current business challenges.

• Your mentor may have been really successful in the past but you need to make sure the advice they are giving you, especially in sales and marketing is relevant to today. Sales and marketing is something important for your business to survive and to go forward.

• If you feel like your mentor is not giving you current advice, go back to your mentor and inform him that some of the information they are giving you isn’t new. You would ideally want to work with a mentor who is doing it now, still involved in the day to day hustle and who knows what is happening in technology.

• If you are building your business you want to work with someone who is going to give you the insights and the details of what they are doing now. Work with people who are utilising podcasts, advertising and new industries. They will be able to give you the data you need now. You don’t want information from 20 years ago.

• Weigh up the mentor’s strengths and weaknesses. Don’t be afraid to ask them what they believe they are good at currently. If their strength is on mindset, clarity and giving you raw lessons then that is great. However, if you are looking for a mentor who is going to give you solid advice in sales, marketing and new technology then it is difficult for them to give you the advice that you are looking for since they are not practicing day in and day out.

BEST MOMENTS

“I can then link my old advice, and bring it in now to the 21st century. I can use both of these experiences and then pass it on to my mentee’s who I work with.”

“They may have a great story, but how is it relevant to you now?”

“The older mentors have some great insight that will give you inspiration, the motivation and the belief that you can do it.”

VALUABLE RESOURCES

Watch the Podcast Interviews by Subscribing to Jay’s Youtube Channel http://bit.ly/JayDhillonYouTube

Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! https://podcasts.apple.com/gb/podcast/business-mentor-podcast/id1370793386

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

Do you often find yourself being overworked and feeling burnt out? Join Jay today as he shares his top 10 tips on how to avoid burnout which can help you and your business thrive. Discover the importance of planning your days, taking a break from your business and how this can allow you to become more creative and help you come up with your best business ideas. 

KEY TAKEAWAYS

• You have got to make time to take a break from your business life. When you allow yourself to take a well-needed break, that is when you will become more creative. Taking a break will allow you to come up with new ideas. Your best business ideas will come when you are away from your business.
• Exercise is a great way to allow yourself to get away from some situations and put your focus onto something else. When you exercise you will feel a lot better in yourself, not only will it help you maintain a healthy lifestyle but it will also allow you to keep your brain nice and fresh.
• Plan for your day ahead. Having a list of all the things you wish to complete by the end of the day can allow you to focus your mind. If you turn up each day and try to freestyle your schedule you may find you become distracted by each task that lands in front of you. Creating a plan allows you to say no to the less important tasks, saying no is powerful as it allows you to manage your day.
• Realise that you can do this. No matter what situation you are in, you can do whatever you put your mind to. With hard work, effort and dedication you can achieve almost anything you desire. If you believe you can do anything you want to do that takes away the pressure as you will understand that you can achieve your goal.
• Speak to someone and tell them how you are truly feeling. That is why mentorship programmes are so valuable because you are able to have conversations with people which allow you to confess how burned out you feel. Do not let your feelings fester inside you because burnout can have some bad consequences in business. Don’t allow burnout to build up because eventually, this can lead to something deeper.
• Take a break from your phone. As a society, we are always by our phones because these days, our phones run everything. Take time to come away from your phone when your schedule can allow it. Taking time in the morning to spend time away from your phone can allow you to start your day off positively.

BEST MOMENTS

“Make sure you take a break, that is when all the creativity comes.”

“You have got to encourage happiness within your day.”

“ If I burn out, then over the next few days my productivity is down and therefore it is counterproductive.”

VALUABLE RESOURCES

Watch the Podcast Interviews by Subscribing to Jay’s Youtube Channel http://bit.ly/JayDhillonYouTube

Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! https://podcasts.apple.com/gb/podcast/business-mentor-podcast/id1370793386

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

If looking at the news headlines is making you worry, and you’re wondering what this means for you then worry no longer as today Jay discusses what the headlines really mean and how you can use this to your advantage. Discover today how the pandemic has affected the economy, how the headlines are purely there to grab your attention and how you can use information in these articles to your advantage.

KEY TAKEAWAYS

• We are seeing a lot of headline figures at the moment in regards to the job losses caused by the pandemic and the impact that this has had on certain industries. It is important to look deeper into the headline and read the data surrounding the stories as this will help you to understand the story more.

• The recent announcement that retail giant Marks and Spencers is set to make 7,000 members of staff redundant has been headline news. On first impressions this is worrying for the retail industry, however, if you read the article closely you will understand that they are using technology to become a leaner company.

• Essentially, what would have happened in the next two to three years is happening now as it has been accelerated by the Covid-19 pandemic. Despite the fact that many people will lose their jobs, it is because they are making their business more agile and efficient by using technology.

• If you look behind the headline and study it further and then apply this to your own business, using technology to allow you to become more agile. These techniques will allow your business to become more profitable. Companies are utilising this time to pivot their business model to become more profitable.

• When reading headline news on how the pandemic is affecting the economy, look at the actual details of the story. Do not rely solely on the headlines as these are there purely to grab your attention, if you look at the detail you will get some really great information which you can use to apply to your own business.
  
  

BEST MOMENTS

“I want you to look deeper behind the headline.”

“Technology and efficiency have been accelerated.”

“They are pivoting their model and making it more profitable.”

VALUABLE RESOURCES

Watch the Podcast Interviews by Subscribing to Jay’s Youtube Channel http://bit.ly/JayDhillonYouTube

Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! https://podcasts.apple.com/gb/podcast/business-mentor-podcast/id1370793386

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

Do you have an idea for a business, but don’t know where to start? Well, listen in today as Jay explains the importance of having a business plan when starting up your new business venture. Learn today why it is important to create both a start-up and follow up business plan, how to structure your pricing strategy as well as the importance of investing in mentorship programmes to keep you and your business on track. 

KEY TAKEAWAYS 
Many companies and entrepreneurs start up their businesses without a plan. Initially, during the start-up phase of your new venture, you will need to create a plan that coincides with your vision as well as creating a mission statement. You then need to create a plan which details the next step in the industry for your business; otherwise, you will get frustrated with your growth. 

The planning stage can, at times be frustrating, as you are challenging your mind to think about something that isn’t there yet. You need to get in the mind frame of creating a vision and making this vision powerful and exciting. You might doubt yourself, but you have to go beyond those doubts to create something new and exciting. 

When we are pricing or selling something, we often fail to factor in our own time and effort. If you are pricing something to be competitive, make sure you put in your time to be able to do that task. As entrepreneurs, you tend not to value your time, but you need to put time into your business model and pricing structure. Failure to do so will inevitably lead to you selling at a loss, as you eventually hire somebody else to complete the task you don’t have time for. 

Look at investing in mentorship programmes to enable you to reach your full potential. Getting your business plans checked by a mentor allows you to ensure you are on the right track. If you create a fantastic plan and you have not had it checked, then you will not know if you are going in the right direction. Your mentor will guide you and tell you things that you have probably not thought about. 

It is imperative that once you have your business off the ground, that you have someone that keeps you accountable. If you are running a business and following the plan that you have created and you fail to check in with somebody that has been there before you, you may find that you are making the same mistakes repeatedly. You need to be able to check-in with someone to make sure you are on the right track.

Always do your own research into business and the industry that you are in. The more work and effort you put into learning business, the better questions you can ask those who are supporting you. You need to be asking your mentors the right questions to make sure that you are getting the answers that you want and need to succeed. 

BEST MOMENTS
“We need to have a succession plan for business and for personal.”
“Your time is your most valuable asset.” 
“Get that insight of somebody who has been there before, that will really fast track your mistakes if you can sit with them and show them your plan and your journey.”

VALUABLE RESOURCES
Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! http://businessmentorpodcast.com/

ABOUT THE HOST
Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.
A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.
In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD
 https://www.jay-dhillon.com/
 https://uk.linkedin.com/in/jaydhillon
 https://www.instagram.com/jaydhillonuk/
 https://www.facebook.com/JaydhillonUK/
 http://[email protected]

See omnystudio.com/listener for privacy information.

Do you often find yourself looking at others in your industry and wondering why you are not on their same level? Listen in to today's podcast as Jay details why it is vital that you stop comparing your starting point to other peoples’ endpoint. Learn that the key to success is consistency, how journaling your daily achievements can allow you to look at your steady progression and how all the small wins will eventually add up to your big win.

KEY TAKEAWAYS

• When you see somebody that has achieved a large amount of success, you are seeing the end result. What you haven’t seen is the time it has taken and the challenges in between. We have a habit of comparing ourselves to others and wanting to get to their position instantly. You need to create a long term plan with an end goal.

• In the age of social media, whereby everybody is posting the highlights of their lives, you have to take everything with a pinch of salt. Take the inspiration from other peoples’ posts, and then make that applicable to yourself. Ensure you are consistent with your daily ‘one step forward’ jobs and have it in your mind that there is no overnight success.

• The biggest thing that happens is procrastination. You start something new and you don’t see it going somewhere straight away, and then you give up. If you want to get somewhere, you have to take it step by step.

• Sometimes the best results come from when you least expect them. You may be trying and trying to make sales, or create contacts and you may not feel like you are getting anywhere. Follow up is the key, as this is where you close the deals. Do not give up after your first attempt.

• Each day, write down in a journal what you have achieved during that day. These may be big or small achievements, you will automatically start feeling better as you will soon realise that in just one day, you achieved a lot. If you don’t write this down, you may feel like you are not progressing or moving forward.

• If you sit down and be honest with yourself about why you have not achieved something, you will most likely find it is because you started, and then you stopped. The momentum stopped because you thought you weren’t getting far enough. You will then look back and see that if you had continued with your consistent daily goals, then you would have been much further ahead.

BEST MOMENTS

“We have a habit of looking at other people and wanting to get there overnight.”

“Don’t look at someone’s end journey and compare it with your start journey.”

“Take time to make sure you do your daily activities, day in day out.”

VALUABLE RESOURCES

Watch the Podcast Interviews by Subscribing to Jay’s Youtube Channel http://bit.ly/JayDhillonYouTube

Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! https://podcasts.apple.com/gb/podcast/business-mentor-podcast/id1370793386

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.

How can you disrupt existing marketing and stand out from the competition? Listen in to hear how Jay solved the paid points of his customer and disrupted the recruitment sector and how you too be different from other businesses and disrupt an industry. Hear how to speak to customers, find problems and improve on existing products or services for accused success in a time full of opportunity.

KEY TAKEAWAYS

• It’s great to come up with new ideas, but it’s just as good to take something that’s already working and make it better. Standing out from the crowd and disrupting an industry means you’ll need to look at an existing product or service differently and improve on it.
• You can apply current, real-world problems and solve them with existing products or services. In an industry with established businesses you need to be different, you need to pick a niche and target a smaller audience with a product or service that resonates with them in order to disrupt the wider market.
• If your industry is incredibly competitive you need to be different. In recruitment, Jay identified his customer’s pain points which in this case was availability and as a result, implemented a 24-hour call system to support his clients.
• You don’t have to come up with an idea to be different, you can ask your clients and customers for advice on how you can serve them better and improve on any other companies product or service in the same market. Aim to deliver on your promise and solve your client’s pain points to disrupt your industry.
• Speak to your customers, find the problems in any business and how you can improve on it. Always communicate with your customers. Good or bad, there’s never bad feedback. If there’s a problem, take it and deal with it before it gets worse.
• In the current environmental circumstances, opportunities are everywhere and new strategies come from existing areas and industries that need to evolve to meet the customer’s needs.

BEST MOMENTS

• “Uber and Airbnb came out because there was a demand for disruption in the industry.”
• “Don’t be afraid to speak to the customer”
• “Come with a solution and deliver”
• “A mentor or a mastermind group can help you find the right idea in the right industry, ready for disruption.”
• “Test your market, test your idea and show that how you’re improving a product or service is working.”
• “Don’t be afraid to roll up your sleeves and test out your idea yourself. Don’t outsource it.”

VALUABLE RESOURCES

Watch the Podcast Interviews by Subscribing to Jay’s Youtube Channel http://bit.ly/JayDhillonYouTube 

Subscribe to The Business Mentor Podcast, the #1 iTunes Business Podcast in the UK! https://podcasts.apple.com/gb/podcast/business-mentor-podcast/id1370793386

ABOUT THE HOST

Jay Dhillon is a serial entrepreneur, investor, and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota, and New Look, to name a few.

Its immense success inevitably brought about outside interest, and at the age of 33, Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.

A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.

After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.

Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.

In the UK alone 95% of businesses fail within the first five years and Jay aims to reduce that number.

Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.

CONTACT METHOD

 https://www.jay-dhillon.com/

 https://uk.linkedin.com/in/jaydhillon

 https://www.instagram.com/jaydhillonuk/

 https://www.facebook.com/JaydhillonUK/

 http://[email protected]

See omnystudio.com/listener for privacy information.