So my three powerhouse strategies for success are networking,
the ability to raise finance
and just doing more than anybody else does.
I think those three things have always served me very well in their own different ways.
I mean, if we look at them individually.
Networking. Listen, if you followed me for any period of time, you know that I talk about networking, networking, networking,
building great relationships, meeting great new people, nurturing those relationships, building partnerships because ultimately, you know, we go a lot further together than we go alone.
I think in my earlier days, I've always been I've always been interested to make relationships and to meet new people.
But I think one of my biggest failings when I was younger was probably having the ego
to want to do everything myself, to think that I had to be the sole owner.
But, you know, as I've gotten older, I've realized that I can do so much more
by sharing things, by, you know, by making a much bigger cake, even though I've only got a smaller part of it.
And that can't be done without partnerships.
So to get those partnerships, I've always met great people, built great relationships. I mean, networking is so, so important to that. And I'd say that I spend
40% of my working life meeting new people and nurturing great relationships.
Secondly, I said the ability to raise finance.
Now, you know, it's quite fashionable nowadays to talk about, you know, bootstrapping businesses and starting businesses with no money.
I'm not dissing that strategy. You know, many, many businesses can be started with no money. Many businesses can be grown with no money.
And I think also a lot of business owners make the mistake of trying to raise too much capital, which actually
makes them worse off than if they didn't have that capital.
But there's so many businesses that cannot grow, that cannot even be started without finance.
you know, a lot of businesses are very capital intensive. I mean, if you look at some of the businesses that I've got,
I've got bars and clubs, I've got, you know, Ecom business, I've got a property buying business. You know, I've got a finance company. All of those businesses are very, very capital intensive businesses.
And I couldn't have them if I didn't have the ability to raise money.
I guess this ties in a little bit with networking because, you know, I need to meet the people to be able to raise the money from.
But raising finance is a skill in itself.
You know, how do you know what finance you need? But more importantly, how do you present that to an investor? You know, it really is an art form.
You only really get one bite of the cherry and you've got to put your best foot forward. You've got to put a great case together
to show somebody why they would almost be stupid
not to invest in what you're asking them to invest in.
And thirdly, I said, you know, doing more than other people are prepared to do,
might be a generalization, but I think the vast majority of people are lazy,
or if they're not lazy, they certainly give up too soon.
They don't do enough.
they think that things can be done in a 9 to 5. They take the shortcut. They take the easiest possible route.
I always hate the expression work smarter, not harder. Not because I don't think you should be working smarter, not harder.
But you need to work hard before you work smart.
You should be working hard and you should be working smart. And you know, so many people would achieve so much more
if they actually just did more.
You know, I think with the right strategy and the right work ethic, you cannot fail to succeed.
So they’re my three powerhouse tactics for success
networking,
ability to raise finance
the desire to do more than anybody else.
Other people may have three different tactics, but I guarantee you, if you put those three tactics into your arsenal,
you can't fail to succeed.
💪 Powerhouse Strategies for Success! 💪
Episode description
In this enlightening discussion, Matt Haycox outlines three powerhouse strategies for achieving success in entrepreneurship. He underscores the significance of networking, emphasizing the value of building strong relationships and forming partnerships to maximize growth opportunities. Matt also highlights the critical skill of raising finance, acknowledging its pivotal role in launching and expanding capital-intensive businesses. Additionally, he advocates for a proactive approach to work ethic, stressing the importance of going above and beyond to outperform competitors. Through his practical insights, Matt provides entrepreneurs with actionable tactics to bolster their chances of success, urging them to incorporate networking, finance-raising prowess, and a relentless work ethic into their entrepreneurial arsenal.
Timestamps
0:00 - Intro
0:13 - Networking
1:09 - The Ability to Raise Finance
2:25 - Doing More
3:02 - Conclusion
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I’m Matt Haycox, entrepreneur, investor, mentor, and your go-to guy for no-bollocks advice on business and personal growth.
With over 25 years of experience building and funding businesses across industries, I’ve faced it all wins, losses, and the ultimate comeback story. Through my podcasts, No Bollocks with Matt Haycox and Stripping Off with Matt Haycox, I cut through the bullshit to bring you real, actionable strategies and raw conversations with entrepreneurs, celebrities, and industry leaders.
Whether you’re looking to scale your business, secure funding, or avoid the mistakes I’ve learned the hard way, my goal is simple: to help YOU create YOUR success story.
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