Richard Farleigh | How to Survive Modern Business

Disruptors

Rob Moore

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

4.8 • 1.4K Ratings

🗓️ 21 February 2025

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Former Dragons' Den investor Richard Farleigh opens up to Rob about his journey from an Australian orphanage to a successful entrepreneur with 120+ businesses. Richard shares his thoughts on UK business challenges, his most successful Dragons' Den investment in Reggae Reggae Sauce and why even highly successful entrepreneurs battle imposter syndrome. Richard Farleigh REVEALS: His biggest Dragons' Den success His difficult childhood Why the UK is becoming impossible for a startup business Why the first year of any business should be treated as pure research Despite running over 120 companies, how he still battles imposter syndrome That universities will be less relevant with AI advancement BEST MOMENTS I'm a working class kid. I went through an orphanage and care, so I'm not ashamed to admit that I've worked hard and made money." “In a world where we've had a technology explosion, now we've got AI helping us particularly, that should make people more productive, shouldn't it?" "The first year is a research project, the first year is spending the money to find out if this is viable, that's what you want to find out as quickly as possible. If it means not having a shop front, not having any officers, not having a brief guy, just go and sell that." "There are entrepreneurs from all ages, all backgrounds, all countries, all religions, whatever, but there are no lazy entrepreneurs.” "Money and success, you know, it's a bandaid”. VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors 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 “The Disruptive Entrepreneur” “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 See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Transcript

Click on a timestamp to play from that location

0:00.0	Richard, can you still make money in the UK with everything that's going on right now?
0:06.0	I think it's getting harder.
0:09.0	You know, I'm a bit almost depressed about the startup world in the UK to be blunt.
0:15.0	Starting a business now is difficult.
0:20.0	But it's almost like it's polarised in the world. You've got the US and China. starting a business now is difficult.
0:23.6	It's almost like it's polarized in the world.
0:24.9	You've got the U.S. and China.
0:27.5	The U.S. has obviously got what I call billionaire money,
0:29.7	and the China has got government money.
0:33.7	And it's almost like leaving China out for a moment. But if you go to lunch in the U.S.
0:35.8	and you've got a good idea in some tech business
0:38.2	or anything that it's going to require money, you can do it over lunch. You know, there's
0:42.4	billionaires with their network and their money. So, and they'll, you know, might write a check
0:47.2	for 20 million. Let's just say a tech company or something and going into AI somewhere, you know,
0:50.9	promising space. They'll write a check for 20 million over lunch,
0:58.3	give or take, you know, and then off you go and they'll say, don't worry about making a profit,
1:03.4	you know, just get market share, just grab market share. And I've termed this expression,
1:08.0	infinite startups, because they're startups, but they're infinite. They don't have to worry about getting a profit. So with this billionaire money,
1:17.9	looking for a market share, they go off. In the UK, if you start exactly the same business and you're trying to raise five million, it's a nightmare. I've had different companies
1:22.8	and you can go through a hundred meetings and they want to see the business band, obviously,
1:27.0	but they, you know, if you're not making profits within three or business band obviously but they you know if you're
1:28.2	not making profits within three or four years they lose interest then you're another round of funding
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Moore, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Moore and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.