“This sh*t is real, and it’s not going anywhere. You’ve got to do something about it.” – Jay Dhillon
In this episode of The Business Mentor Podcast, Jay talks to Grant Cardone, a bestselling author of multiple business books, about the imminently predicted economic crash. Grant himself has had to implement drastic measures in his own business to keep it afloat amid the coronavirus situation. Though some may criticise his big moves, Grant firmly believes he has done the right thing for the future of his business and team. Learn today how you can do it too, especially if you’re a solopreneur.
- The first thing we must do is solve the coronavirus crisis first before we look for people to blame for it. Just like in business, how you handle tough situations is an enormous part of the game.
- What could solopreneurs learn from the current coronavirus situation:
- Make money. Don’t just offer free content
- Avoid Houses. Sell. Get out of equities. Don’t buy yet.
- Acknowledge the seriousness of the situation. Focus on how you can survive the economic crash first. You can’t help other people if you are having a hard time maintaining your financial stability.
- Some people will comment on the small blunders you make, but not on the gigantic steps you have taken to save your company and your team. Don’t mind them.
- What existing assets do you have that can be liabilities in the future? Even your loved one’s safety (which can be considered an asset) can be compromised amid this crisis. First, get the mentoring you need to keep going. Then, you can guarantee your loved ones’ safety.
- “To solopreneurs, don’t go into an economy by yourself. It’s too small.” – Grant
- “Shit happens. This stuff happens. It’s about reacting to it and making sure you’re prepared.” – Jay
- “When you’re broke, toilet paper is not the first thing on your list.” – Grant
- “The reason that people are busy is they have data that are conflicting.” – Grant
- Read the article US job losses: Stock market panic as 6.6 million apply for unemployment in week here: https://www.express.co.uk/finance/city/1267087/us-stock-market-dow-jones-us-unemployment-figures-wall-street-us-stocks
- Read the article London Live condemned for allowing David Icke to air ‘lunatic conspiracy theories’ here: https://www.thejc.com/news/uk-news/london-live-condemned-for-allowing-david-icke-to-air-lunatic-conspiracy-theories-1.498968
- Listen to the Business Mentor Podcast Episode #62 where Grant talks to Jay About Property, Recession, Religion, Money, & Family here: https://businessmentorpodcast.com/billionaire-grant-cardone-talks-to-jay-about-property-recession-religion-money-family/
- Read the book How To Become A Millionaire Now by Grant Cardone
ABOUT THE GUEST
Grant Cardone is a multimillionaire entrepreneur whose personal property empire is valued at over $900 million. He is also the Founder of Cardone Capital and the author of the best-selling book, The 10X Rule.
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 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 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.