With the recent announcement of the UK’s third lockdown and tier system, it is understandable that many businesses will be worried about what their future holds. Join Rob today as he shares his ten lockdown survival strategies and discusses how you can survive and thrive throughout it. Discover the importance of having multiple income streams, how to create a modern business model with low overheads and why you should look at the new opportunities this lockdown could bring.

 

Key Takeaways

• It is vital to have multiple income streams. If one of your income streams slows down or goes into negative, then you have another income stream as a backup. If you only have one income source, the lockdown has proven how easily that can be taken away from you. It is important to have one income stream that is unrelated from your main or other income sources.

 

• Many modern business models have low overheads. You may only need a phone, laptop and an internet connection to make money. Industries such as e-commerce, information or personal branding have no extra overheads, all you need is you. If you want to be lean and agile you need a business model with no fixed costs, only variable costs.

 

• Human beings are infinitely resourceful. If you put a human being in a situation where it is life or death their survival instincts kick in. Resourcefulness, innovation and your ability to think outside the box are all so valuable. These qualities supersede the need for money or investment.

 

• Objectivity is one of the most important skills for an entrepreneur to have if they want to have longevity. Objectivity is immunising yourself from extremes. Social media loves extremes.  In reality, you cannot separate things so harshly, there is the downside in all upside and upside in all downside. Look at both the upside and the downside of the lockdown and the recession that is coming.

 

• New solutions for new problems. Right now the world has many new problems. The lockdown is going to create new problems and these will all need solving. Solving these problems makes way for new products and business opportunities.

 

• Some people have said that a social media follower is worth £1 per person per year to you.  You could make this into £10 per follower if you work hard enough. Your followers become your assets therefore the more followers you have the more assets you gain. If you don’t have any followers or subscribers then you don’t have any customers. If your business model changes, you still have your followers as they are interested in you and your journey.

 

Best Moments

“We can use that energy and emotion toward production, solving problems and creation.”

“Have a highly pivotable business.”

“We have this amazing ability to survive, hustle and be resourceful”

“If you don’t have any followers or subscribers then you don’t have any customers”

 

[Business, mindset, entrepreneur, disruptors]

VALUABLE RESOURCES

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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/

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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