In this very special episode of The Disruptive Entrepreneur Podcast, your host Rob Moore welcomes you to this live Q&A mastermind to celebrate the 300th episode of the UK’s No.1 business podcast.
Entrepreneurs, tune in and discover how to overcome the challenges you face in business and in life and learn a little bit more about the public speaker, property investor and multi-million-pound business owner that is, Rob Moore. Learn the insider secrets to scaling your business, managing your money and finding the right joint-venture partner in this stripped back Q&A session and find out how you too, can become a Disruptive Entrepreneur.
KEY TAKEAWAYS
Q1: What is the single best thing you’ve learnt from running your business?
Rob: The greatest thing I’ve learned about building a business empire, is managing one’s self and managing your emotions. You have to get yourself in a balanced state and then make the decision, the right decision, for you and for your business. If not your emotion which for us is passion, leaks out with attrition, and that takes clients and staff away from your business. You must Learn how to separate yourself and become self-aware of your emotions, don’t bring your past emotions and grievances into your business, manage and coach yourself to find the right solution and take wise counsel from those around you that you trust. Remember, your business will only grow at the speed that you grow, so compartmentalise your decisions and actions in order to move forward.
Q2: What are the tools and software that you use in your business so that you grow & scale?
Rob: The thing I’ve found with tools and software is what you need at the start, is not what you’ll need once you’ve scaled. I write down everything that I do as a function and that naturally becomes a manual for your staff to use and to manage, and you do this until you can step out of your business. I tend to use people and empower them, the three most important staff you will ever hire are an MD (managing director), PA (personal assistant) and a head of Marketing (Marketing Manager).
Q3: How do you determine who’s the right person to bring into your business?
Rob: There are two answers to this question, usually we only see one polarized extreme due to when we are emotional, but there are equal upsides and downsides to seeking cash for the business, investment in your company or finding a business partner to help you grow. Investment capital and cash injections do not necessarily mean exponential growth, it can mean a lot of wastage and a lot of chaos. When you have money you use money as your resources and when you don't have money you use resourcefulness, creativity and hustle to solve problems. If you’re going to get external partners to try not to lose your creativity and progressively invest in the growth of your business so you don’t lose your desire to be creative. The best partner is someone who compliments your skill set and adds value to your business that you couldn’t add yourself. Align a clear long-term vision with your partner so that you’re working towards the same goals, however, ensure the application is different and diverse to grow your business.
Q4: What three pieces of advice would you give your children about money?
Rob: The challenge you have as a parent is not, giving the right advice, it’s getting that advice through to them. You need to start really young and subconsciously educate them. Try to read hero based stories and insert the lessons about managing money and spending versus investing in these stories. Teach them as closely as you can to how the world really is and don’t shield them from the world.
Q5: How do you action the knowledge you obtain throughout life, and not be busy achieving nothing?
Rob: Whilst you’re young take risks, you can afford to take risks and learn from the mistakes. But the downside paradox of personal development is that ‘you should know more’ and you feel like you should know everything. Don’t beat yourself up about it, manage your emotions and allow yourself to fail, it’s where you’ll learn the most.
BEST MOMENTS
“The best marketing and creativity I’ve ever done is when I’ve had no money”
“Our voids create our values and our fulfilment comes from filling our voids and achieving their values. Our strengths and weaknesses are intertwined, you cannot separate them”
“The greatest gift you can give your children is to give them a balanced version of the way life is. If it’s been hard for you don’t protect them from that, if it’s been easy for you, don’t make it easy for them”
VALUABLE RESOURCES
https://robmoore.com/
https://robmoore.com/podcast/
The Disruptive Entrepreneur Community
https://www.cfp-software.co.uk/cfpwinman-property-managers/
WhatsApp for communication
Evernote for documentation
WeTransfer for podcasting
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor and property educator. Author of global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Facebook - https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn - https://uk.linkedin.com/in/robmoore1979
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