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.
- 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.
“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.”
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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.