Losing 400 Staff, James Sinclair & Jay Talk Corona Virus
Business Mentor Podcast
English - March 28, 2020 00:00 - 35 minutes - 32.8 MB - ★★★★★ - 3 ratingsCareers Business Investing business fitness entrepreneurship entrepreneur health marketing finance interview leadership lifestyle Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
‘Having a plan is vital because what you do in the second or third month of this unprecedented situation with COVID 19 is what’s going to be really important for the future’
Jay is in conversation with James Sinclair, Founder and CEO of the Partyman Group of companies. James has built a business group that encompasses leisure, childcare, outdoor attractions and a training business so his business knowledge is diverse and extensive.
In this episode, Jay and James discuss the impact of COVID 19 on business and share the ways entrepreneurs with the right mindset can work through the global business ‘pause’ and be prepared to press ‘play’ and move forward in a position of strength when the global economy resumes. This is a great episode with lots of valuable content from entrepreneurs who know what it’s like and what to do to carry on moving forward, listen in and learn more.
KEY TAKEAWAYS
In these challenging times, the key for businesses is to act with speed.
I didn’t panic I planned and we planned fast and implemented fast.
I’m confident that when the play button is pressed and we start again we will be one of the strongest businesses in our sector in the UK.
Every day we are in this pause phase the global and UK economy is changing.
The saying cash is king has never been more important, it is vital to always have cash reserves -you have to prepare and plan so that you are ready whatever happens.
If you are someone who can make stuff happen you should make stuff happen for others.
It’s important not to be distracted from your business and the trajectory you have set, this is the time to be focused, now everyone has the opportunity to do what’s important but not urgent in their business.
We will go into recession but this is an opportunity - more millionaires are made in times of recession than at any other time.
There will be people who will lose momentum in the 3 vital ‘E’s’ of business - effort, energy and enthusiasm but those who have the stamina and tenacity and the 3 ‘E’s will be the ones who will succeed.
You need to make sure you don’t forget the basics of business.
As soon as the play button is pushed you’ve got to be ready to go.
BEST MOMENTS
‘Once you get started the momentum kicks in’
‘Last night I started writing my new book ‘ The Dream Team’ everyone can get on with something’
‘We need to remember money is a digital asset and a method of control’
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.
CONTACT METHOD
https://uk.linkedin.com/in/jaydhillon
https://www.instagram.com/jaydhillonuk/
https://www.facebook.com/JaydhillonUK/