Challenges will always be part of the journey if you want to be a successful entrepreneur. How you deal with them dictates how your outcome will be.
In this episode of The Business Mentor Podcast, Jay discusses how important is caring for your mental health on your entrepreneurial journey. If you manage not to let challenges get the best of you, evaluate what happened, and move on from them, then you won’t ever be side-tracked in achieving your goals. What could help to maintain your mental well-being is having a support group, a group of like-minded people who can help and listen to you. It can be a mentor, a colleague, or a loved one. Discover how Jay found his support group and how you can find yours too when you start listening in.
- It was quite an experience for Jay when he was just starting as an entrepreneur. His experience in business was to be considered very young to experience a recession. He didn’t know what to do. His company of 300 staff members had to shrink to a team of barely 50 contractual workers.
- When the time came that he knew he couldn’t do this on his own, he opened up to his mentor about his woes and struggles. He asked for advice and guidance. After talking to him, his mindset over it changed for the better.
- Build your support network with like-minded people who’ll be there for you even through tough times. It should be easy to open up with them if needed to, and vice versa.
- “You need to be honest with yourself if you’re going through tough times. If I didn’t open up for that particular time, then what would have happened is I would have just kept on going until I have a serious breakdown.”
- “The best people I know, the way they got through is to being open and honest.”
- “You’re gonna get challenges, that is without a doubt.”
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 0-500 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.