Welcome to the first part of a two-part special interview with Neville Wright here in Business Mentor Podcast!
From rags to riches. We’ve heard this more than a dozen times from the mouths of every entrepreneurs, business leaders and thought leaders. But today, Neville is going to prove to you that it is indeed pretty simple to build a business from absolutely nothing. Listen how he started counting his earnings to zero to millions. Neville shares his personal stories which motivated him to start his business. Discover what it’s like surviving during the war, how he started and grew his business, how he got inspired by Muhammad Ali, how he was able to keep his employees happy, and many more.
Pretty sure a lot of you will want more from Neville’s stories after this episode. But, no worries, Part 2 will be out next week so make sure to watch out for it!
- Neville, together with his wife Marilyn, decided to start a business in 1974.He was 24 years old that time and didn’t have any money. They were starting a business from scratch.
- Dyslexia didn’t stop him from doing the things he wanted to do. During the 70s, if you’re dyslexic, they see you as dumb. Aside from being enclosed with people’s wrong perception, he was also having difficulty building a career.
- Neville worked 17 jobs. He worked as many hours as possible to be able to eat. He couldn’t believe how much he has learned from these jobs. Surviving after war was difficult. All the money he earned was put inside the business. Whatever is left is for their necessities which he says wasn’t a huge difficulty for him.
- Entrepreneurial skills were already showing when he was a kid. He was always motivated to earn money. His father, a skilled carpenter, motivated him to be self-employed.
- Regret is a big influencer. What’s the worst thing that could happen? If there’s a problem, you go forward. Just remember not to hold back when you do it. And if you go forward, look at what you did then to learn from them.
- Timing. Make the right decision at the right time. Know when the margin gets smaller or market’s going to change.
- It’s a different type of freedom in your workspace if you let everyone be in control. There are 120 people who worked in Kiddicare and Neville is sure that each one of them really wanted to stay work for the company. Not just forced to finance their necessities. They felt that they have the responsibility to freely do what they are passionate about inside the company. Aside from that, their positions and tasks are designed to cater to what they want to achieve from themselves and for the company.
- “If he [Muhammad Ali] could lower himself from the champion boxer of the world to champion dustbin collector, then what’s wrong with that? If that’s the case, I can do it. I can be the champion window cleaner. It’s all in the mind. It’s the mindset.”
- “Don’t give up. You can get through it. You might as well work for yourself.”
- “I never ever will say ‘I should have’. I always will do it. Saying it and doing it are two different things.”
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 0-500 employees and three locations, racking up sales of over £30 million – all without any investment other than a small amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota and New Look, to name a few.
Its huge 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 success 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 business fail within the first five years and Jay’s aim is 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.
ABOUT THE GUEST
Neville Wright is an Investor, Property Developer, and Motivational Speaker. He is the founder of Kiddicare, a baby nursery retailer which he sold for £70 million to Morrisons supermarket in 2011 in the depths of the recession. He is also the author of “The Answer is Yes – Now What is the Question”.
Before being a multi-millionaire, Neville had his rough times. He grew up having dyslexia and left school at 15 because of it. He had a string of jobs when he was 24. Then, because of lay-off during recession, he and his wife Marilyn started a business from zero so they could provide their family. These happenings were enough motivation for him to work hard and achieve his goal.