Steve Smith: Poundland Founder on How to Sell Any Product For £1 [Business, mindset, entrepreneur, disruptors]
Disruptors16 Joulu 2019

Steve Smith: Poundland Founder on How to Sell Any Product For £1 [Business, mindset, entrepreneur, disruptors]

In this episode, Rob went to the home of the founder of Poundland, Steve Smith. He set up Poundland in April of 1990, worked in market stools from the age of 2 and in 10 years, he built a business from zero and sold it for 72 million pounds and today Rob and Steve dive into what it takes to be successful business owner. Discover how to start, scale and exit your business? How to sell products for a pound and make a huge profit? Additionally hear the insider story of how Steve sold Poundland and what he’s doing now in the world of business. KEY TAKEAWAYS How do you learn when you want to figure something out? I never read the instructions. I always try and figure it out without reading instructions. If it is something in business that I need help with then because I am into people I know. I just pick up the phone… How did you invest the money that your dad loaned you to start the company? The first thing was we had an office to work from. Get the products in... We didn't need to spend any money on marketing because we have a lay of customers coming past the door. Because the products were really good, people would tell people. And as we were opening shop after shop, the important thing was the buying power. As the buying power came on, it's allowed us to do lots more with the product. So as soon as our turnover way 10 million pounds, we was importing which allowed us to get better buy products to make a little bit more margin. After your initial finance from your dad, did you borrow external money or was it funded through profit and cash flow of the business? It was all through cash flow in the business. The bank oddly loaned very little loaned us. So from the initial loan from my father, we grew everything, give it to cash flow. As we got better, landlords started giving us rent-free. We can open another store for less cash. So opened shop after shop. As we got bigger, Dave started working more on the shop side and I worked on the distribution on the supply chain and on the finance side. I spent so much time on systems. Our systems are fantastic. Always remember, KPMG came in to see us and said, "God, the top supermarkets would love your software..." So, from me and Trace in an office 1990 to employing almost 6000 people. Can you remember what the rough average margin was at the point maybe of selling that you sell for a pound, can you remember the margins on those? So, it's all about something that we created. Because always remember, everybody keeps saying you need more margin. And for me, it's not just about the margin, it's about the margin, it's about the margin, we come over the phone, come with the margin right to sale. Example, imagine we selling 4 package roll for a pound and let's say it costs us 50p, the 60p, we can sell 6. And they'll still be selling hundreds, you sell thousands of pack of 6, I make more money. I always press on value. Can you remember the best advice that you ever got? There are no by-products only bad prices. When the business was sold. How do you feel right then? It was like somebody has died in the family. So it was like somebody's died in the business and you never think about the money when you're growing a business, the money is always, yes it is what you are doing at the end of the day. The end result but as long as you are enjoying doing what you're doing, the money normally follows. Do you regret then selling? It would have been nice to see that business go through from 200 million to off a billion to a billion... What you regret is the people, working with the people. You miss working the people and the life that you have along with the journey. In intensive care and you think you've got 2 and half hours or whatever to live, in addition to what you said, what else goes through your head? any regrets? It is very difficult when you got 2 hours to live and your family and children are 8 hours away. Can you remember any bad advice that you have been given? I was remembering working in the market store, where everybody says, we're as crazy on the pricing. As we give a good vibe for money. And as so are you crazy working to achieve, you should put your price up and what we did, we think maybe we're wrong, and that maybe we should listen to him, and we put our prices up. And the first week, turnover, same turnover. Make double the amounts of money and really cough it. We're wrong. And second week, the turnover came down. The third week, came down. The fourth week, docked out the four. And it took us probably 8 months to get our customer flow back. Because people come, they buy off here. They just buy cause they are there but they don't come back. Why were you so keen to get store after store after store after store after store? Why didn't get to 5 or 10 and say that's enough for me? I used to love buying. Buying is all about buying power. And if you get more buying power, you can do more. Poundland, what would you say is or was unique about it? The concept. It's obviously unique that's everything is 1 pound because customer used to come into the shop and use to say, "I can't believe everything's a pound." And that is the question that drove the staff mad. And because we give such great value. How is business different now to the 90s? My wife still doesn’t let me have a day off... So, we've really been looking since I've sold Poundland for the next billion-pound business. Mobile payments is one. Another thing is recruitment. We do financial and banking. And we involved with Max Time which is time intended systems, so you put your finger in. It is something we developed in Poundland. Disruptive entrepreneur, what does that mean to you? If you take mobile payments, everybody used to do cash and credit cards. With mobile payments, we can totally change the way people pay for things. So, for me, I find that as disruptive. And were you driven by just what you want to achieve or were you to some degree driven by proven people wrong? Did you like proving people wrong? I don't think about proving people wrong. I just know if it's doable then we do it... It was about the people that we got around. I believe that the people around us can do it... But I do love to look at out of the box and think how can we do things differently. How do you juggle with these different businesses? We're involved with 16 businesses as of the moment. And it is really important that the people that you work with and the people running the business that you support them. Call them and they're there anytime time for them to pick up the phone and talk to you... BEST MOMENTS "If you've got an idea before you do it yourself, go on work for something." "You're only as good as what you know. Contacts are so important. You might not do business now but sometime in your life, if you think a person's good, you gonna do business with them. I'm doing business now with people give me a card 15 20 years ago." "At that time, I used to just been used to leading, making decisions everyday. It is hard to let go. Let go of your baby. But I decided to sell it." “The money allows you to do things, but I think life is about experiences. The money allows you to more experiences. The things that you remember most are the things that didn't cost much money. The things when you're growing your businesses. The things that you laugh about.” "For a pound, it must be rubbish. It must be seconds. People can't believe what we sold." "What you find, if you got the right team in place, you got the right idea, you got the right contacts, you don't take much money to set things up." "It was all about proving wrong and proving the concept. And it once we proved the concept then include the business and then sold it." “It's all about the contacts you build.” ABOUT THE GUEST Steve Smith was a market stall trader at the age of 2. He became a multi-millionaire by the time he was 30 years old. As a toddler, he was brought to his father's stall in the Bilston market. He started to earn his pocket money at the age of 10. Then, he set-up his first bargain goods store when he was just 17 years old. He founded Poundland which became an empire. Then he sold it for $74.2 million in 2002. He went into real estate and bought and sold nearly 100 properties over the last few years. He then launched EstatesDirect, an online property agents website. It happened in 2013 with Darren Richards and Ben Groves. His business did not stop there. He launched poundshop.com where you can buy everything for a pound. He did this for his children. From humble beginnings to now a multi-millionaire! CONTACT METHOD https://stevensmith.com/ [Business, mindset, entrepreneur, disruptors] VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter https://robmoore.com/podbooks rob.team ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors” “If you don't risk anything, you risk everything” CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

Jaksot(1189)

What Causes Divorce? Elite Divorce Lawyer James Sexton Talks Marriage and Entrepreneur Relationships

What Causes Divorce? Elite Divorce Lawyer James Sexton Talks Marriage and Entrepreneur Relationships

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob interviews James Sexton, a top divorce lawyer who shares shocking stories from his career. From multi million dollar divorces to why marriages fail, Sexton gives his perspective as someone who's seen relationships at their worst. He discusses expensive settlements, entrepreneur marriages and reveals the real cause of divorce. James Sexton REVEALS: The real cause of divorce How he manipulates emotions for a living His thoughts on prenups Dealing with narcissistic clients How he manipulates emotions for a living The most expensive divorce he handled Whether entrepreneurs make good spouses BEST MOMENTS "I'm a good ex-husband. I don't think I was a great husband, I'm impatient, I love my work. I don't think I love anything as much as I love my work so I don't know what that says."  "56% of marriages end in divorce and yet it's assumed that it's something you should do and to add to that, 86% of people who get divorced are remarried within five years of their divorce."  "The people I represent you've never heard of and they could buy those celebrities 10 times over. They drive a Jeep Grand Cherokee, they wear a Timex watch. They're not posh. They're just people who look like they're no one."  "I divorce the person we marry, and I think that there's a lid for every pot. I think that it's really less about the individual character... it's also about finding someone that's complimentary to you."  "What would appear to be a red flag may be something that requires a polarity. Like some person's trash is another person's treasure."      VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

31 Maalis 20251h 30min

Should You Invest in Supercars? Tom Jaconelli on Why Supercars Are a New Asset Class

Should You Invest in Supercars? Tom Jaconelli on Why Supercars Are a New Asset Class

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob interviews Tom Jaconelli, co-owner of Romans International with over £30 million worth of supercars. Tom talks about the luxury car market, from which models make the best investments to the shocking maintenance costs of hypercars. He shares stories about celebrity clients, cars that appreciate versus depreciate and gives tips for aspiring collectors. Tom Jaconelli REVEALS: That he still gets excited about special cars, the Bugatti Veyron was his first supercar experience as a child and remains one of the most exciting cars he's ever seen. How he helped grow the family business to £100 million in annual turnover, with their showroom currently holding over 100 cars worth around £30 million. His fact driven and transparent sales approach, which sometimes talks customers out of deals but builds greater long term trust. His profits and losses in the business, revealing they've made up to £400,000 on a single car but have also lost around £100,000 on others when market conditions shifted. What celebrities he has worked with including Rod Stewart, Simon Cowell and members of One Direction That many high profile clients now prefer understated vehicles rather than flashy supercars. Why he focuses on improving the business rather than expanding it further, prioritising quality over quantity. The cars that will appreciate well since they represent "the last of something" in an increasingly digital and electrified car market. BEST MOMENTS "These cars are starting to become their own asset class, people of wealth are thinking, right, I want a property portfolio, I want a stock portfolio. I want maybe a bit of crypto and they're now thinking, I also want a car portfolio."  "For me, if I had 50 grand, I'd be probably looking more at some of like the German muscle cars, like the C 63 AMGs, maybe even an RS six V 10. You know, they don't make them anymore." "People say you shouldn't mix family and business, don't they? I think you know, being a family member of this business, you are more driven by it." My dad, Paul Elli. He is the ultimate. He's the goat, he can sell ice to the Eskimos. He has a natural gift of the gab and he won't even know what he's selling a lot of the time."   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information.     disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

28 Maalis 20251h 11min

Rory Stewart | How to Fix Broken Britain | How Rory Stewart Would Fix Politics in the UK

Rory Stewart | How to Fix Broken Britain | How Rory Stewart Would Fix Politics in the UK

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob is joined by former UK politician Rory Stewart for a discussion on the state of British politics, including government inefficiency and the rise of populism. Rory Stewart gives his take on everything from the UK's economic challenges to Trump's leadership style, drawing from his own experience in government and talks about how we could fix politics in the UK. They also discuss inequality, political communication and the many flaws in democracy and politics right now. Rory Stewart REVEALS: His thoughts on Trump Why many Britons feel uncomfortable and awkward about the UK at the moment The UK isn't in rapid decline but stagnating whilst the US grows faster Why current inequality in Britain stems from the 1980s Thatcher-Reagan era, where privatisation without regulation or monopoly prevention allowed private companies to exploit public utilities Why politicians deliberately lie during elections Our current democratic system is broken How government is exponentially more complex than even large businesses, making it nearly impossible for voters to understand its full complexity. How the most successful disruptors in politics (like Thatcher) succeed BEST MOMENTS "During the second World War, our economy contracted by 45%. We were about half as rich in 1945 as we were in 1939. Where the UK is, is it's been through a phase of kind of 10, 12 years of being pretty stagnant at a moment where the US has been growing fast." "The top three people in the US, Jeff Bezos, Zuckerberg, Elon Musk, their wealth is equivalent to the bottom 50% of the entire American population. They now have more money than 160 million American people. Thank God we haven't reached those levels yet." "I kept saying to them, what are you doing? Right? All of you know, looking at your spending plans that you're gonna have to put up taxes and borrow more money because you've got a 70 billion pound black hole and all of them denied it all the way through the election." "The problem in America and Britain is we never seem to get the balance right and boy has the balance gone wrong with the billionaires, they have created virtual monopolies. Think about Google, it’s got us all over a barrel."  "I don't know whether I'd go for Prime Minister again but I'd definitely like to look at doing something for the country. I think there's no job in government, no job in the world, more interesting than government that touches lives more directly."      VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

24 Maalis 20251h 4min

Michael Lewis | The Biggest Financial Crash is Coming | Author of The Big Short Reveals Why

Michael Lewis | The Biggest Financial Crash is Coming | Author of The Big Short Reveals Why

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Is the biggest financial crash about to happen? Rob interviews acclaimed author Michael Lewis to discuss why right now we could be waiting for the biggest crash in history. They discuss financial markets, government trust and economic instability. Lewis also shares his thoughts on potential market crashes, cryptocurrency as well as the controversial figures shaping today's economy including Elon Musk and Sam Bankman-Fried. Michael Lewis REVEALS: Why a potential future market crash could be catastrophic if triggered by a lack of faith in the US government That financial markets are rigged Why you should ignore and stay away from crypto His thoughts on why Elon Musk is power drunk and ignorant The real reason neither U.S presidential candidate addressed the debt crisis The underlying trait of all successful people What he thinks of former FTX CEO Sam Bankman-Fried BEST MOMENTS "If it's a government started crisis... like a collapse in faith in the U.S. government, in the U.S. government debt then it's much bigger than the financial crisis because there's nothing to put it out." "We have a president here whose M.O. is to destroy trust. He's really good at it, he finds places where people trust people or institutions that are trusted, and he wrecks them." "The markets work, it's constant game theory, once something's identified, it's no longer useful and it's a game where the rules change every day."  "Is Elon Musk a net benefit to humanity or a megalomaniac?"   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

21 Maalis 20251h 4min

Are Reform UK Good for Business? Zia Yusuf's Plan for Fixing Broken Britain

Are Reform UK Good for Business? Zia Yusuf's Plan for Fixing Broken Britain

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob talks to Zia Yusuf, chairman of Reform UK and successful tech entrepreneur who sold his company for £230 million. Yusuf talks about his experiences in business and politics and outlines Reform UK's mission to fundamentally change Britain's direction. Yusuf's shares his vision for fixing broken Britain, from stopping illegal migration to rebuilding the NHS and fostering a pro-success culture. With Reform now polling at 26-27%, Yusuf reveals his optimism for making Nigel Farage the next Prime Minister and transforming the UK into a country that rewards entrepreneurship, innovation, and hard work. Zia Yusuf REVEALS: Why Reform UK's have risen in popularity, growing from 14% to 27% in polls in just 8 months. That Reform UK are close to becoming the largest party in the UK by membership. Why he believes the UK's immigration policy has become unsustainable. That Reform UK is built on a grassroots funding model, with over 90% of costs covered by membership fees and small donations, deliberately avoiding dependence on large donors to maintain independence. The party plans to eliminate income tax on earnings below £20,000, reduce corporation tax thresholds and cut regulations to boost entrepreneurship. Why he chose politics over starting another business. Why Reform UK are like a startup, disrupting established parties. BEST MOMENTS "Anyone who has been brought up in the system, Tory, Labour, that whole westminster ecosystem, will be unable to fundamentally change how the system works and that is what we have to do." "I love this country, it's given me so much opportunity. I'm going to stay and fight and I still think we can turn this around." "We've got to change the culture in this country, return our culture to one where success is viewed as a good thing. Stop hating landlords, stop hating business owners, stop hating millionaires." "We need to be clear that if you come here illegally, you will never get the right to remain under any circumstances and you will be deported to the country from which you came." "When I first came into politics... I said this is still a country where people literally risk their lives to come to, even from France. If we're not careful, we will no longer have a country that people fall over themselves wanting to come to."   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

17 Maalis 20252h 22min

Gary Cardone | Why I Put 86% of my Wealth into Bitcoin

Gary Cardone | Why I Put 86% of my Wealth into Bitcoin

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob speaks to Gary Cardone about his massive bet on Bitcoin, with 86% of his liquid wealth invested in the cryptocurrency. Gary shares his views on money, dismissing diversification as a myth, while explaining why he sees Bitcoin as both protection against failing systems and an opportunity for unprecedented wealth. Gary Cardone REVEALS: Why he has 86% of his liquid net worth in Bitcoin Why he believes diversification is a myth that keeps people from getting rich. That he doesn’t trust the government and banking systems How he has prepped to be self-sufficient and ‘been ready for 30 years’ for a crisis Many Bitcoin owners are unprepared for tax obligations and audits He sees Bitcoin as a "time machine" that will accelerate returns beyond what real estate or other assets could provide. How he minimises his income to avoid taxes, preferring to build wealth through appreciating assets BEST MOMENTS "I think Bitcoin is an unbelievable call option on the future of digitising planet Earth and without me paying an extra penny, it is an insurance policy”. "Most of the people on this planet that have a shitload of money, they didn't go to school.” "I call them degradings accounts, not savings accounts...because they're not savings you are losing your money, but being marketed by the banks and the governments that you're protecting your money." "This theory that I need to be diversified is a joke. It's not, that's not true. Nobody gets rich being diversified." "Bitcoin is the only time machine I can buy. And once you start playing with it, you're like, oh, this is going to cheat time." VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

14 Maalis 20251h 38min

Tom Hartley Jr. Reveals The Greatest Supercar of All Time

Tom Hartley Jr. Reveals The Greatest Supercar of All Time

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Rob is joined by Tom Hartley Jr., one of the world's premier luxury car dealers. From selling his first Porsche at age 12 to now managing a billion pound inventory of luxury cars, Tom shares his knowledge on the exclusive world of rare Ferraris, McLaren F1s, and Formula One classics. Tom reveals which supercars are overhyped, which are under appreciated gems and shares insider investment tips. REVEALS: The greatest supercar of all time The holy grail of classic Ferraris Why Formula One cars are significantly undervalued investments Why not all classics are worth the hype That he strongly dislikes electric vehicles, believing they'll only last about 10 years before needing expensive battery replacements, unlike classics that can last centuries. How Ferrari has evolved beyond being just a car company to become a true luxury brand What cars he recommends for investors BEST MOMENTS "I'm not really one who has many regrets because I've always been fortunate enough in life”. "Carrera GT is the best sounding car of all time. You talked about a V10 Formula, Formula 1 derived engine, and it sounds phenomenal when you start it up, but it sounds way better when you drive it." "I think Ferrari are so on a different level that they are a luxury brand. They should be more associated with something that's within LVMH. Their rival is more Hermes than maybe Lamborghini." "If somebody gave me a trillion... I would [wake up] tomorrow morning and do exactly the same as what I'm doing today because I'm buying and selling the world's greatest cars. My business is my hobby and my hobby is my business." VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

10 Maalis 20251h 53min

8 Secrets to Building a Billion Pound Business with Richard Harpin

8 Secrets to Building a Billion Pound Business with Richard Harpin

Take the survey now: https://docs.google.com/forms/d/1iHRZvOly_Q7aprlQBF7n38y0EjgvnHw2OdYII8yQElc/edit?ts=670d0111 Join Rob as he interviews Richard Harpin, who built and sold his company HomeServe for a staggering £4.1 billion. Richard shares his eight secrets to building a successful business, discusses his current passion for helping medium sized companies scale up and explains why he's investing £200 million of his own money into promising businesses. Richard Harpin REVEALS: How he started HomeServe with £50,000 of life savings How he nearly went bankrupt His key secret, to copy and pivot, finding successful business models and improving upon them He has always been entrepreneurial, starting by breeding rabbits at age 5, becoming "Ricardo the magician" at age 9 and establishing about six businesses before founding HomeServe at age 20 Why Richard is focused on helping the UK's 168,000 medium sized businesses scale up Why the UK lacks support for companies transitioning from startup to large enterprise. Why businesses need revolution at the start, but should focus on constant evolution as they grow BEST MOMENTS "I think the UK is the best place to run a global business, I think it's a great place for entrepreneurs to start a business... The only issue is, as a country, we're not that good at scale ups."  "I did [pay a big load of tax when selling the company] and I was happy to pay it because capital gains tax is at a reasonable level. I don't believe in all these entrepreneurs that sell up and move to Jersey or Monaco." "We're taught at school that copying homework is bad, we might get expelled for it. In business, I think copying is good."  "Disruption is what you do at the start of your business when you're inventing the model... But once you've done it, don't disrupt twice, that is dangerous, just keep evolving that model."   VALUABLE RESOURCES https://robmoore.com/ bit.ly/Robsupporter   https://robmoore.com/podbooks  rob.team Episode Sponsor - AG1 Claim your exclusive offer of AG1 at the link below drinkag1.com/disruptors ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur” “If you don't risk anything, you risk everything”   CONTACT METHOD Rob’s official website: https://robmoore.com/  Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979   See omnystudio.com/listener for privacy information. disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

9 Maalis 202546min

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