With the current pandemic at the forefront of everybody’s mind, Jay discusses his thoughts on the impact of COVID-19 on the business world and how you can get ahead of the game. Whilst many people share their opinions on social media, it is important that you think solely on what is right for you and your business, putting the workload in to come out of the recession even stronger and taking a media detox to focus on your own business needs.
- There is a lot of disruption in the market and you need to think to yourself ‘what can I control?”. That may be creating new content, setting up a home office, utilising platforms such as Zoom and gaining information from your clients.
- There are many people with strong theories and opinions on the pandemic. You can go down the direction of listening to these differences of opinions, but it is important to know what you need to do in order to excel during the pandemic.
- You need to have a balanced view on life during the pandemic, the best way to do that is to switch off the media, stop consuming media that discusses the pandemic. Focus on yourself, it is about you and your business, it is not about other people and their personal agenda.
- The companies that have or will come out of this pandemic stronger are the ones that are putting the work in. Companies such as Air BnB and Uber came out stronger during the last recession due to planning and pivoting.
- Whilst it is important and often encouraged to post on social media platforms, you also need to know when to put the action in. Wake up early, plan for your business and put the foundations in so that you can come out of this stronger. If you’re not backing up your talking with action, then what is the point?
- “You could watch stuff for hours and hours, you’re always going to get one opinion and that is how the world works if you get to hooked up on one way or another way you procrastinate doing what you need to do.”
- “You have got to take a balanced view.”
- “I knew if I could get to them first, whilst everybody else was procrastinating, then I can get in there.
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.