This week, Jay is joined by entrepreneur Rob Smallbone.
- The Coronavirus outbreak has the potential to cause a crash, but Jay is cautious. Panic and speculation are far more likely to invoke trouble than the virus itself.
- Preparation is what helped Jay to survive the last recession. Do all you can to survive, and ask yourself the question: If my supply chain disappeared tomorrow, could I survive?
- As a business-owner, you need to make sure that you’re the one who can take advantage of your competitor’s poor planning in these circumstances, and not the other way around. Business has to go on, so make sure you’re the one doing so.
- Jay built a successful business and then sold it, allowing him a rare insight into the entire process of entrepreneurship that many do not have. It has made him one of the most sought-after coaches in the world.
- The difference between a good coach and a good mentor is that a mentor usually teaches by relating a real-life example, which is much more effective in terms of instruction.
- One of the greatest things to come out of podcasting is that Jay has built relationships, formed connections, and created a legacy that will last and endure.
- Be patient. If you’re consistent in your approach, and take your time, you’ll succeed. Don’t just look for quick wins. Find a strategy that works for you and stick to it.
‘Preparation is so important now’
’Some hard decisions had to be made’
‘We’re buying the business, not the business owner’
‘If I’m going to mentor, then this is my challenge’
‘Doing it is the most important thing’
‘Look at yourself. Have you been going up or down?’
‘Be patient and learn to pivot’
‘What are you going to do today?’
‘KMF – Keep Moving Forward’
ROB SMALLBONE’S CONTACT METHODS
The Business Mentor Podcast – https://www.jay-dhillon.com/podcast
Jay Dhillon’s website – https://www.jay-dhillon.com
Jay Dhillon YouTube – https://www.youtube.com/channel/UCNRouhFVktGDQcCRAzoHydQ
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 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.