Are entrepreneurs born or bred? We have heard this saying many times about leaders. Are leaders born or bred is a more familiar statement to hear. Entrepreneurs fall into the same category of questions. In the United Kingdom, can you name an entrepreneur?
Yes, most people go to Sir Richard Branson or Sir Alan Sugar, leaders in their field, no doubt, in the United States of America, we sometimes hear many more people named as remarkable entrepreneurs. For example, the likes of Elon Mush, Bill Gates and Jeff Bezos.
WHAT WOULD YOU DO DIFFERENTLY?
Without a doubt, our guest today, Gareth, states one of his all-time grand statements, “Don’t take advice from someone who you wouldn’t take criticism”.
And the second biggest lesson would be associated with time management, no matter how much money you have or how large or small your home is, it doesn’t matter. What does matter is how we use our time to be efficient and purposeful in what we are going to be doing in our career or otherwise.
Working hard is not always working smart and one thing Gareth would change is to choose a career with fewer hours and have the use of technology at his disposal to be time efficient. And therefore, allows him to enjoy life instead of working long hours like so many other business people in his network.
BEING THERE GROWING UP WITH HIS FAMILY
He was blessed to have the time to create memories that would last a lifetime. Now that his daughter has moved away from London, he wants to continue to be able to see her no matter where she should be. Thanks to the latest technology, he no longer has to spend all his time working long hours – it does the work for him so that he can spend more time with his family. With this confidence and assurance, he can now proudly look forward to many more years of making memories with the family.
He mentions he didn’t go into business to work 15 hrs a day. He went into business to work for a company that didn’t need him as much as it did in recent years. Therefore, giving him time to spend with family doing more important things.
HEALTH IMPACT WHEN WORKING IN THE BUSINESS AND NOT ON THE BUSINESS
Life is short, and we need to use our time wisely, ensuring we can meet our financial responsibilities without needing to head to the A&E department with anxiety or even worse. As a confident businessman, he believes there is more than one way to improve efficiency within a business.
A FRANCHISE-TYPE BUSINESS – ONE LARGE UPFRONT PAYMENT
A franchise typically is a type of business where you pay one large upfront payment. In return, you receive a set of processes and branding and so much more to implement and build your business efficiently in the shortest time possible. The key reason a franchise is a good bet versus a new start-up is that you get the tried and tested processes of the things you need to do that work straight out of the gate.
A DISTRIBUTOR-TYPE BUSINESS – A MONTHLY PAYMENT
A distributor-type business is not a franchise in that you pay one large upfront payment. This is the type of business whereby you get all the efficient processes associated with a company for a tiny monthly fee. This type of business offers a less risky opportunity than shelling out a large upfront payment.
There is usually no lengthy sign-in period, and you should get all the systems required to get up and started immediately to grow your business opportunity.
Michael Crane Live - Episode 50 - Are Entrepreneurs Born or Bred
