In this episode of The Business Mentor Podcast, Jay talks to Alan Barratt, Founder and CEO of Grenade, the UK’s fastest-growing sports performance company, to shed a light on how can businesses, especially those in retail, continue to thrive during these tough times. He gives different tips so you and your team can stay productive during and after the outbreak.
Some other topics discussed today are why mentoring is better than coaching, why being choosy with people who surround you shouldn’t be frowned upon, how he built his fitness brand (which is soon to reach the billion dollar value) from the bottom, tune in today!
This coronavirus pandemic will make a big dent to the global market economy. If your business has prepared for such, then there won’t be a colossal problem. Businesses, in general, were doing very well before it, so this will just be a pause. For some, this might be a big reset.
Businesses should always aim to be sustainable and be prepared for any crash. It can happen anytime, not only amid a global pandemic.
Mentoring is better than coaching. Mentoring focuses on your holistic development throughout time while coaching focuses on the outcome itself, mostly on just one (i.e. your business). Mentoring values also not just self-improvement, but also your relationships and network.
Grenade company is now celebrating its 10th Alan will forever be grateful and proud of achieving such a milestone. He wouldn’t expect that his passion for sports nutrition would also bring impact to larger communities decades ago.
Everything will change. Stop waiting for the shops to reopen. You can move now. Accept the change that is happening and learn to adapt slowly. You can up your online marketing, strengthen your team dynamics (& check on them) and prepare your after-lockdown plan. So, how do you plan to go back and continue business operations efficiently?
Though completed diplomas and certificates are influential factors in increasing your credibility, you can’t spend most of the time sitting at a desk. It helps enormously for you to put what you learn into practice. You understand the business operations more when you become hands on.
“2020 is going to be the year we lost, but we’ve gained a lot of perspective.”
“I’d rather learn through someone’s experience than set up a business and teach people stuff that they haven’t done themselves.”
“It’s every entrepreneur’s job to surround themselves with people clever than they are.”
“Less thinking, more doing.”
Alan Barratt: £70 a Week to Billion Dollar Brand | Grenade's Secret Recipe | Rob Moore’s YouTube Channel: https://www.youtube.com/watch?v=ch1lv7GBVW4
Order products from Grenade: https://linktr.ee/grenadeofficial
ABOUT THE GUEST
Alan Barratt is the Founder and CEO of Grenade, the fastest growing weight management, energy and lifestyle brand in the world. He has been helping millions of people reach their health and fitness goals for over 10 years now.
Alan’s LinkedIn: https://uk.linkedin.com/in/alan-barratt-101b1731
Alan’s Instagram: https://www.instagram.com/grenadeceo/
ABOUT THE HOST
Jay Dhillon is a serial entrepreneur, investor and philanthropist based in the UK with a proven track record of growing businesses from start-up to success- and helping others do the same. From humble beginnings, Jay grew his first business from 0 to 500 employees and three locations, racking up sales of over £30 million – all with no investment other than a slight amount of savings. The business went on to acquire major clients such as Landrover, Jaguar, Toyota and New Look, to name a few.
Its immense success inevitably brought about outside interest, and at the age 33 Jay eventually sold the company to a London investment firm in Doyen Resources. Today, Jay owns several businesses in different sectors and helps entrepreneurs achieve success.
A calling to give back and help others led to Jay being chosen for the highly coveted role as a Prince’s Trust mentor, where his achievements were marked by a personal invitation to Buckingham Palace to meet Prince Charles.
After helping several young entrepreneurs to succeed as a mentor for the Trust, Jay’s burning desire to bring his wisdom and knowledge to a wider audience ultimately triggered the concept of The Business Mentor Podcast.
Jay feels that anyone can achieve success in business with the right advice and mentoring and is now sharing his knowledge with his growing audience via his podcast.
In the UK alone 95% of business fail within the first five years and Jay’s aim is to reduce that number.
Backed with the hard-earned knowledge and experience from his time in business, The Business Mentor Podcast will share Jay’s personal business lessons as well those of other successful entrepreneur guests who share their wisdom and secrets on the show.