Scale Up Your Business Podcast
The 5 Biggest Mistakes I Made in Business
In today’s episode of the Scale Up Your Business Podcast, Nick lets you in the 5 biggest mistakes he had made in business, so you don’t have to make them!
Make sure you’re all ears because even the littlest mistake will create a delay or even a diversion from your business plans. Nick discusses the importance of influence, empathy, and belief systems among others especially if you’re just climbing yourself up yet. Nick also has pieces of advice for you when creating and developing your teams, from hiring to laying off. And just like any successful businesses, effective marketing is what you should not mess with. There are more stories and tips that Nick touches on so make sure to tune in!
Not appreciating the power and the importance of influence.
Nick admits that he was not great at it at first. But he listened to every feedback, thought about reasons behind it, and changed how he acts around people.
Operating like a gold-driven machine – basically leading teams – versus using the magical tools of engagement and empathy.
You have your goal to stand out, be high-performing, and be wealthy. We’re not going to change that. What you have to put in mind is the importance of empathy. Empathy is needed when you’re on your way up to build your network and when you’re trying to build an empire with a team. You can’t ever fake it.
Allowing self-limiting beliefs to affect my confidence and conviction.
Stop pushing yourself into a belief system you’re not comfortable with. Acting confident and high up at first might hurt you and your career if you’re not able to put up with what you’re capable of.
Underestimating the power of marketing.
It’s your voice that gives you the brand and the personality. Utilise social media – create compelling content, build a following, and increase your sales.
Hiring people based on aptitude versus attitude//Failing to fire people quickly enough
If you have someone on your side who’s willing to learn, take in feedback, and perform better, despite the lack of aptitude, don’t lose him. They’re going to serve you better.
And, when a person’s not a right fit, make the decision to cut them off.
“If you can influence, you can sell. If you can influence, you can engage your team. If you can influence, you can pitch to invest.”
“The one thing I can say about empathy is you can’t fake it.”
“Don’t go out there and turn it into a sales methodology. There’s nothing worse than reading a post on LinkedIn and hits you up with a terrible close at the end of it.”
“If you should, you must.”
Scale Up Your Business Podcast: Presenting, Persuading, and Winning Deals | Apple | Omny
Influence: Science and Practice by Robert Cialdini
Crushing It! How Great Entrepreneurs Build Their Business and Influence – And How You Can Too by Gary Vaynerchuk
ABOUT THE HOST
My name is Nick Bradley. I’m an entrepreneur, author, speaker and investor.
My background is in growing and scaling VC, and Private Equity backed businesses.
Having successfully built, bought and sold a number of companies, and removed myself from day-to-day operations, my focus now is on helping entrepreneurs get to where they want to be, in business and in life. As well as investing in growth businesses and backing turnarounds - with the ultimate aim of creating value from significant capital events.
I’m passionate about personal and professional development - showing up and being the best version of myself ... every day.
My bigger vision is to help bring entrepreneurial skills, experience and mindset to people in developing nations - so they can follow their dreams, live life more on their terms - utilising entrepreneurship as a global force for good.