I recently posted a video on my YouTube channel talking about the ‘top 10 worst business advice 2024'. There are a lot of things that you are taught when you are building a business. It is not until you are successful that you realise most of it is total nonsense!
In the video (above), I expose the 10 bits of business advice you really need to avoid. I highly recommend watching the video in full if you have a business or are planning to build one. In this article, I will highlight 5 of these business mistakes.
1. Top 10 Worst Business Advice 2024: Always be closing
‘Always be closing’ is a piece of business advice that simply doesn’t work. This advice is used by the type of people that try and push their business at networking events, without trying to learn anything about you! In reality, there are many steps before the close. You need to find out how you can help the person you are talking to before you even attempt to sell them something.
Learn to sell in a way that isn’t focused on you are your business, but on the client and their business. Pre-qualify the person you are speaking to, to make sure your offer is right for them, and they are right for your offer. Remember, it isn’t always time to close!
2. Unique Selling Point (USP)
People spend a lot of time thinking about the USP for their new business, but in reality there are very few things that are actually unique. Out of the few things that actually are unique, most are unique because there isn’t a market for them!
I believe in ‘copying and pasting’ business ideas that have proven to work. If there are a lot of people doing something, chances are there is money in it. Forget being unique, copy things that work!
3. Health before wealth
Health before wealth is said by two types of people: people that are lying and people that are broke! If you haven’t got your income on track, that should be your focus. If you work out correctly, you can be done in 45 minutes a day, the rest of your time should be spent on making money.
Remember, once you are wealthy, you will have more tools for dealing with your health. You can employ personal trainers and buy the best workout equipment. Therefore, wealth can lead to better health, so it makes sense to put it first!
4. Patience in business
Patience is a virtue, but not in business. You need to be hungry for results to succeed. Having patience in business has led a lot of people to failure. People end up building wealth so slowly that they never actually get to enjoy it.
Focus on getting results as soon as you can. If you have an impatient mindset, you will get things done faster and reach your goals sooner!
5. 10-year plans
Things change fast in business. There is no way to know what will happen in a year, never mind 10 years! 10-year plans are useless and encourage procrastination. Focus on what will bring you immediate cashflow and go from there.
If you want the next 5 bits of business advice to avoid, you will need to watch the full video at the top of the page. I highly recommend watching it if you are a new business person.
From the top 10 worst business advice 2024 to the no. 1 best bit of business advice…
That was the ‘top 10 worst business advice 2024’. Here is the best business advice of 2024: learn how to invest in property! If you are ready to learn, why not join me at my next training event?
On the course, you will learn how to:
-
Become a property investor using other people’s money so that you can get started straight away
-
Utilise the 5 different types of raised finance so that you know exactly what to offer and when
-
Find the perfect properties for the BRR strategy
-
Recycle your money so that you can ‘rinse and repeat’
-
Build a power team you can trust, so that you can save time and money
-
And much more!
Tickets are only £1, and you can get yours here. If you are ready to take action, I hope to see you very soon!
