7 EPIC Business Fails That Kill Your Growth [Business, mindset, entrepreneur, disruptors]

Disruptors

Rob Moore

Careers, How To, Business, Self-improvement, Society & Culture, Marketing, Investing, Education, Entrepreneurship

4.8 • 1.4K Ratings

🗓️ 27 May 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode Rob lists 7 mistakes you can make in business and the impact these have on your ability to grow and scale. KEY TAKEAWAYS Mistake no1 - Not doing enough partnerships or collaborations, you aren't then exercising leverage and you are attempting to do everything alone. You see everyone as competition rather than working with people in the same space as you. Mistake no2 -Not building a team is a sure way to fail to scale! You need talented people around you to help build you business to the next level. Mistake no3 - Not prioritising. You don’t know what tasks you should be focusing on and what you should be delegating and outsourcing. Mistake no4 - Not being on enough platforms. Which means you don’t have enough distribution, ads or audience. Mistake no5 - Not generating prospects. You might feel like you are doing what you are supposed to be but there will be a reason you are not converting interest into income! Make sure you are turning engagement into a way to make money. Mistake no6 - Not having proper processes and systems. Mistake no7 - Lack of profit. You have to focus on profit, revenue is mostly vanity, profit is sanity! The smaller you are the bigger your profit margins should be, as you scale they will become smaller but you should still be lean and very profitable! BEST MOMENTS “If you want to properly scale you need outsourcers, staff, you need to build a team” “You need to be on multiple platforms increasing your distribution” [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team 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 the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

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0:00.0	Maybe you're frustrated, you're putting loads of content out there, you're doing what everyone says,
0:02.9	you're putting 28,000 pieces of content out there a day, you've been doing that for 922 years.
0:06.7	But where's your leads and where's your revenue?
0:10.4	Hi, it's Rob Moore here, and I'm going to share with you seven epic fails in business.
0:14.9	It's going to take me seven minutes plus change to do it. So hard, fast, and ready.
0:21.6	And remember, if you don't risk anything, you risk everything.
0:24.9	The first epic fail people make in business is they don't do enough partnerships.
0:29.6	Enough collaborations, enough joint ventures. They don't have business partners, they don't
0:34.5	exercise leverage. Instead, what they do is they try and do everything on their own. They feel like
0:41.6	everyone's their competition. They don't understand how they can work together in the same niche
0:46.8	or different niches. They end up working harder, harder, harder, longer, longer, longer, hustle,
0:51.2	grind, graft, hustle, grind, graft, 24, 7, 365, 10 years to apparently be an overnight success.
0:56.7	Then they have a massive burnout and break down and then they start something else again.
1:00.0	And then they repeat that pattern. And I don't want to see that for you.
1:03.6	If you want to go fast, go alone. If you want to go far, go together. So don't make the mistake
1:09.7	of doing everything on your own. Ask for help, create partnerships, which leads us to the second
1:15.9	a biggest fail in business is they don't leverage enough people. I just want to laptop and
1:21.6	pin the collater and the bikini and the cigar. I don't want any grief. I don't want any customer
1:26.9	service. I don't want any staff. My customers can just piss up and pay me. I don't want to know.
1:32.0	That's never going to scale. You might be able to have a VA laptop and 70,000 a year maybe.
1:38.4	But if you want to properly scale, you need outsources, staff. You need to build a team and
1:44.0	you need people to help you. Advisors, good accountants, good tax lawyers. If you can't sell
	...

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