In this, in-depth episode Shaz looks at what makes a business successful and what you should look for and do if you are starting or buying a business.

It is a fact that being trained and holding qualifications in a particular area doesn’t make you the right person to run a business in that sector but all businesses have shared elements and if you understand what these are, what your values are and how to build the right team then you can be the person who is running multiple successful businesses.

 

KEY TAKEAWAYS

• If you can get the marketing right you can run any type of business.
• Schedule the day to achieve more and ensure you are focused and have the right team in place so that you can delegate effectively.
• The more successful you become the more money you have available to invest in new projects and using your own money means you have control.
• All businesses are the same it’s only the way individuals choose to run them that varies.
• You need to look at both the upside and the downsides of a business.
• To scale effectively look at how the business can be multiplied to create additional units.
• If you have been successful with a business then look for other businesses in the same sector that you can buy and make successful.
• If you can think creatively then you can always find opportunities to add value to a business.
• Do the numbers for a new business but be aware this is not the only thing to take into account.
• You’ve got to love and be passionate about your business but you don’t have to be passionate about all of the sector.
• You should always create your businesses so that they are in a position to be sold. This is about your businesses being able to continue even if you are not there.
• When you are buying a business have key parameters and always do your due diligence.

 

BEST MOMENTS

‘People don’t pay enough attention or spend enough on marketing’

‘The busier you become in business the more focused you become’

‘Passion can only take you so far, it’s your values that can take you all the way’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

•   Facebook
•   LinkedIn
•   Instagram
•   YouTube.