Does an entrepreneur really need an office? Or would it be okay to work remotely from home?

The choice depends on your productivity and current circumstances. If budget seems tight, then it’s best to work remotely at the beginning but then, it will require a certain discipline not to get distracted and not to slack off. That’s why Jay still suggests getting an office as soon as everything becomes stable.

Let Jay help you today in this episode of The Business Mentor Podcast on deciding where your workplace should be and more. Start tuning in.

KEY TAKEAWAYS

  • Understand the present circumstances. Your working condition and working environment might be suitable only for the office setting. If you’ve got a tight budget or doesn’t see expanding soon, then consider working remotely to save up and increase the cash flow.
  • Some entrepreneurs have a difficult time being productive at their own homes, so as much possible, they choose to separate the work from home by getting an office.
  • Jay suggests that when the time is right—when you already got the budget—it’s time to get your own office.
  • Look for service buildings in your area.
  • When signing a lease, make sure you got a get-out clause.
  • Be consistent with your business hours.
  • Get whiteboards where you can write your KPIs.

BEST MOMENTS

  • “Challenge yourself. What’s your bigger vision?”
  • “Consistency always win over talent or anything else.” 

VALUABLE RESOURCES

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.

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