10 Years Of Business Advice In 13 Minutes | From A Muslim CEO
Summary
TLDRThe speaker shares their journey from leaving a £70,000 a year recruitment job to founding a successful company from their living room at age 25. Within six months, they were making £20,000 a month and continued to expand, eventually starting multiple companies. Key lessons include the importance of having a side hustle for financial freedom, hiring employees to grow the business, and maintaining humility. They emphasize taking action, focusing on long-term goals, and giving back to society through charity and creating opportunities for others.
Takeaways
- 🚀 Transitioned from a £70,000/year recruitment job to starting a successful company from his living room at age 25.
- 💸 Grew his company to make £20,000/month within six months and now works with international clients and major companies.
- 🏢 Started multiple companies, all making over £10,000/month.
- 🧠 Key lesson: Promotions and pay rises at jobs don’t lead to financial freedom; starting a side hustle or business is essential.
- ⚠️ Mistake: Initially aimed to make enough money to avoid working a job, but realized the importance of a bigger vision.
- 💡 Mindset shift: Focus on making money to benefit others, creating opportunities and impacting society positively.
- 🙏 Importance of humility and charity in business, emphasizing that money can easily be lost without these values.
- 👥 Investing in hiring early on, despite limited funds, proved crucial to growing his business.
- 📈 Sticking to one business idea for a long term leads to mastery and success.
- 🎯 Taking immediate action and committing to the business idea is essential for success, rather than overthinking and delaying.
Q & A
What prompted the speaker to leave their £70,000 a year job?
-The speaker felt that despite promotions and hard work, their salary increases did not significantly impact their bank balance. They realized that true financial freedom required starting their own business.
How much money was the speaker making per month after six months of starting their own company?
-After six months, the speaker was making £20,000 a month.
What was the initial goal of the speaker when starting their own company?
-The initial goal was to make enough money so that they wouldn't have to work a job again.
What is the second important lesson the speaker learned about financial freedom?
-The second important lesson is that financial freedom often requires having a side hustle or a business, as promotions and pay raises in a job typically aren't enough.
How did the speaker's mindset shift contribute to their business success?
-The speaker shifted their mindset from making money just for themselves to making money for the masses and creating opportunities for others. This broader vision helped drive greater business success.
What role does humility play in maintaining business success, according to the speaker?
-Humility is crucial because it keeps one grounded and open to continuous learning and adaptation. Without humility, success can be fleeting, as complacency can lead to a decline.
When did the speaker decide to hire their first employee, and what was the reasoning?
-The speaker hired their first employee when they had about £7,000-8,000 in their bank account, believing that hiring would help them continue making money and grow the business by delegating tasks.
How does focusing on one business idea for a long time benefit entrepreneurs, according to the speaker?
-Focusing on one business idea for a long time allows entrepreneurs to become highly skilled and successful in that area, as repeated efforts and perseverance lead to mastery and significant growth.
What is the main difference between the speaker and those who haven't started their businesses?
-The main difference is that the speaker takes action and commits to starting and running their businesses, while many others hesitate and fail to take the necessary steps.
What additional opportunities and ventures has the speaker pursued after the success of their first business?
-After the success of their first business, the speaker started additional businesses, including a gym clothing brand in the UAE, an office in Pakistan providing customer service and marketing services, and a platform offering educational courses.
What advice does the speaker give to those who want to start a business but are hesitant due to potential obstacles?
-The speaker advises taking action despite potential obstacles, as many of the issues feared rarely happen. Starting and learning from experience is crucial to achieving business success.
Outlines
🚀 From Recruitment to Entrepreneurship
The speaker describes their transition from a £70,000-a-year recruitment job to starting their own company at 25. They initially aimed to avoid traditional employment but soon realized that true financial freedom requires entrepreneurship. Despite early challenges, they achieved rapid success, making over £20,000 a month within six months. The speaker emphasizes the importance of thinking beyond personal gains and focusing on broader societal impacts to achieve sustainable success.
💼 Hiring and Delegation
The speaker highlights the critical decision of hiring their first employee with limited funds, underscoring the importance of believing in one's business potential. They stress that hiring helps delegate tasks, allowing the business owner to focus on strategic growth areas. The speaker reflects on the long-term benefits of creating opportunities for others and maintaining humility, noting that materialistic motivations often lead to stagnation, while broader societal goals drive sustained growth.
🌍 Expanding Horizons and Taking Action
The speaker recounts their journey from running a single recruitment company to establishing multiple businesses, including international ventures and a gym clothing brand in the UAE. They attribute their success to consistent effort, market research, and decisive action. The speaker advises against over-planning and emphasizes the importance of starting and learning through action. They offer to provide more detailed guidance on starting and scaling businesses based on their extensive experience.
Mindmap
Keywords
💡Entrepreneurship
💡Financial Freedom
💡Mindset
💡Promotion
💡Hiring
💡Humility
💡Charity
💡Action
💡Focus
💡Scaling
Highlights
Left a £70,000/year job to start a company from the living room at 25.
Made £20,000/month within six months of starting the company.
Expanded the company to work with international clients and some of the biggest companies in the world.
Started multiple companies, each making more than £10,000/month.
Learned that promotions and pay raises alone don't lead to financial freedom.
Realized the importance of having a side hustle or business for financial freedom.
Initially aimed to make enough money to avoid working a job again, but later focused on creating value for others.
Experienced a mindset shift to focus on benefiting the masses rather than just personal gain.
Emphasized the importance of giving back to society and charity.
Highlighted the necessity of humility in business to sustain success.
Stressed the importance of hiring employees to delegate tasks and grow the business.
Shared that investing in hiring even with limited funds can lead to significant business growth.
Advocated for the mindset of creating opportunities for others and community.
Warned against chasing materialistic goals as they can lead to a lack of motivation.
Reinforced the value of long-term commitment to one business idea for substantial success.
Discussed the benefits of reinvesting profits into starting new businesses.
Encouraged taking action and learning through doing rather than waiting for perfect conditions.
Promoted the idea of committing to actions and continuous learning for business growth.
Offered to create detailed, step-by-step content on starting and running businesses based on personal experience.
Transcripts
I went from leaving my £70,000 a year
job working in recruitment to starting
my own company from my living room at
the age of 25 years old to then making
£20,000 a month after 6 months and I
continue to grow that company and now we
work with International clients all over
the world as well as some of the biggest
companies in the world but not only that
I've gone on to start multiple companies
all of which now make more than £10,000
a month and I'm going to share all the
lessons and knowledge I've gained in
just a few minutes so make sure you take
this all in and grasping all the
information I can share with you and the
first but most important lesson that I
actually learned when I was working my
job which actually led me to quitting my
job was well no matter how much of a
promotion I got it wasn't actually
affecting my bank balance that much and
let me give you an example I was on
£50,000 and I was making £
3,123 a month I worked my backside off
put in hours and hours of work turned up
in the morning left in the evenings for
2 three months I worked super hard I
still remember it and I got myself up to
making a lot of commission so much so
that I took home £
3,942 which basically put me on an
equivalent salary of £70,000 a year
that's what I thought I've worked super
hard for 2 three months I've made the
company a lot of money I paid them a lot
a lot of money but I only saw another
£800 I just felt like it wasn't good
enough so next month I quit my job and I
started my own company from my living
room and if I'm being completely honest
my mindset at the time was I wanted to
make enough money where I don't have to
work a job again that was my mindset and
you know what it was a mistake and
that's the second lesson we take because
the first one is no matter how much of a
promotion you get no matter how much of
a pay rise you get it never really makes
you financially free if you really want
to be financially free unfortunately you
do have to have some sort of a side
hustle or a business for yourself which
gives you some time and there isn't much
of a ceiling but going back to the
mistake because I did make a mistake I
just want to make that much money where
I don't have to work a job anymore and
that would have been around the3 or
£4,000 there or thereabouts as long as I
was there I didn't really care more and
guess what happened month three I made
more than £10,000 a month but that
wasn't it because in month six we made
more than £20,000 a month and month
seven I continued to make more than
£20,000 a month and from there to be
honest it only went up but that took me
back I wasn't ready for it I was super
scared because I didn't even think it I
was capable of it it took me a while but
then I understood actually I was just
thinking about myself my vision and my
mindset should have been how can I make
so much money that I can benefit the
masses because when I took myself out of
it and when I thought actually let me
see if I can do really well in business
if I can make a lot of money because
clearly I understand sales clearly this
recruitment company can make a lot of
money I haven't even put in that much
effort and actually the result I'm
getting at the back of that is quite
high so I took myself out of it and this
is the mindset shift that you guys need
to make if you really want to elevate
yourself to some crazy numbers and that
is don't make money for yourself make
money for the masses make money to
change society to change people to
change people's situation course think
it like this if you hire one person it's
going to cost you about two22 and a half
thousand a month so if you sit there
today and you say I want to create
opportunities for other people in my
society and my culture and my background
whatever it is and you want to create 10
jobs that's going to cost you £25,000 a
month now if you want to create
opportunities and if you want to create
incomes for people as well as then make
money for yourself well you're going to
have to make at least 354,000 factoring
in you're going to have some costs and
you want to spend some money for
yourself right so when you take yourself
out of it and when you think about
others and when you think about helping
others and doing more and that includes
charity because if we're honest giving
charity is a huge huge blessing and we
know as Muslims no matter how much
charity we give we will see that come
back to us and if it's not in this world
it will be in the world after the point
here is give charity give money because
it keeps you humble now the importance
of humility when starting businesses and
making money is crucial because if you
guys start thinking to yourself I've
made a lot of money because I made
£20,000 a month and you're not humble
about it and you don't have humility and
you don't realize that Allah Asel could
like that take it away from you then I
promise you it will go you know why
because making money is easy but keeping
money is difficult what do I mean by
that sometimes you can do things and
they fall into place and you make some
money and you can make the mistake of
thinking that's always going to happen
but if you don't humble yourself down
and realize that you need to keep
learning you need to keep understanding
and you need to keep adapting then
you'll be surprised how quickly the
money starts going and you forget and
you don't understand how to continue
making money how to continue growing
your business month four of having my
recruitment company I invested in hiring
someone and that is crucial because when
you guys are working on your businesses
and making money for yourselves it does
get to a point where you think well when
should I hire someone I hired someone
when I had about7 8,000 in my bank
account it probably wasn't enough to
cover the person's salary for more than
3 months but I believed in myself and I
knew if I hired someone actually I would
continue making money and the person we
hope would make some money too and I'll
give you a little tip here in my six
years of running my recruitment company
every single person but one has always
made me a profit on my business and so I
would say that sometimes you can be
scared and think that well if I hire
someone I might be putting money down a
drain and you don't end up hiring
someone but you forget how valuable your
time is because when I started
understanding how valuable my time is
and how much value I bring to the
business and how if I concentrated on
other parts of the business how the
business could grow and I could delegate
certain tasks to other employees emplo
es until I realized that I was stand
still but as soon as I realized that I
needed to hire people to be honest with
you the money we started making on a
monthly basis went through the roof and
that only happened because I was
creating opportunities I was employing
people they were taking work away from
me and I was able to concentrate on
other parts of the business that I was
good at but more importantly I always
always kept my intentions that my
business should always bring me closer
to my religion give me free time time so
I can give back to society as well as be
able to give in charity as well as be
able to create opportunities because if
your mindset is I want a nice car and I
want a nice watch and materialistic
things as soon as you get them as soon
as you get your materialistic things
your motivation will vanish gone like
that because you've achieved what you
wanted to achieve right if I make
£20,000 a month and I finance a car
whatever and I'm not saying that's okay
because it's not but if I did I would
have my nice car I'd have my nice watch
like it doesn't matter anymore so what
now guess what the money will start
going down you have no motivation left
your motivation should be so high so big
that you keep going and you know that
you need to make a change in society and
trust me when I say when that's the
mindset you keep going and so that is a
lesson that I wish I gave myself when I
was starting my company that it's not
just about you it's not just about you
not going back into work actually give
back for the people create something for
the people and you'll see the blessings
you get left right center but my
business contined to to grow and I
continue to employ more people I went
International today we deal with
companies in the Middle East and then
guess what 4 years later of
concentrating on one business one
business day in day out picking up the
phone in the mornings in the evenings
and concentrating on that one business
in just one year I started three other
businesses now I need you guys to
understand this because in today's
society a mistake a lot of people make
is they do not focus on one business for
more than one month for more than two
months they might even give it six
months but after that let's be honest a
lot of the times generically speaking
people will give up and stop working on
that same business idea and feel like
it's not working and think to themselves
it's not working but you know what the
truth is the more you do something the
better you become married and the more
you do something The Leverage the
multiplier in success becomes higher and
higher I'll give you an example there
were many times companies that I spoke
to in year one of me trading in my
recruitment Company by trading I mean
running my business not Forex not
trading nothing like that okay the
companies I spoke to in the first year
guess how many came back in the second
year without me even approaching them
and said we need someone at least three
or four companies approached me in year
two and said we need someone those went
on to become clients in year three we
had another two or three clients in year
four we had another two three so now
imagine two or three doesn't sound like
a lot but to give you an idea why one
company can make you upwards of 100,000
£200,000 a year one company obviously it
depends on how much business they have
but it can give you up to £100,000 so if
you've got 10 companies you can actually
be making a million pound a year so the
point here I'm making is you guys need
to be making sure that you're sticking
to one business idea for a long time
because that's how you'll become really
really good at something and stop
chopping and changing because how many
people do we know that chop and change
how many people know that you know one
month you're doing Forex and next month
you're doing CN and next month you're
doing smma and next month you're doing
something else and you know you're doing
a sales I'm a sales Clos and how many
times are you going to change your
business ideas like I know you guys are
watching this and you're thinking oh is
he talking about me I promise you
someone else is watching this and
thinking the same thing and as a brother
as someone who really wants you guys to
do well you have to stick to one thing
when find one thing that you believe can
really make you a lot of money it's
cheap to run you can start it you can do
really well at it and stick at it and do
it for a long term that did really well
for me and today when I sit in front of
you with five businesses all of which
make money you forget the times that I
had to wake up in the morning and come
home in the evenings and put in the
effort and put in the work and put in
the hours because that is what got me to
where I am today not hear me sitting in
front of you with fire business and it
just happened like that because it
didn't a lot of hard work went in
remember what I said four years in one
business and then I went on to start
another three businesses which by the
way I had capital and I could use that
capital to start companies today we're
starting a gym clothing brand in the UAE
today we have an office in Pakistan
where we provide customer service sales
marketing services to countries in the
west UK Canada and America today we have
a platform which is like the Netflix of
courses where we teach people marketing
how to run a SAS company how to do sales
how to run ads and so much more as well
as doing a webinar every single month
and obviously I was only able to start
these businesses by reinvesting my
capital and the money that I made into
other companies but something I would
say that definitely differentiates me to
many other people and something I want
you guys to really pick up from this
video is when I get an idea and I really
believe in it I'll ask a few people I'll
run a bit of market research I'll do
what I need to but not for long maybe a
week maybe two weeks and guess what I'll
do I'll just start the business I'll
take action I'll do what I need to do
you know the amount of people that ask
me oh bro for example they want to start
a recruitment company and they say oh
bro uh what about terms oh bro what if
the client says that you know uh we
don't like this candidate what if the
client says this what if the candidate
doesn't turn up for interview what if
the client never pays me you know what
the funny thing is a lot of these things
are extremely extremely rare they hard
they ever happen but you know what
nothing will happen until you take the
action and when I ask the question and I
say well guys have you started making
calls have you started speaking to
companies speaking to candidates have
you started the answer is always a lot
of the times no we haven't started yet
because well we just haven't got around
to it most people will not commit to the
action and that is 100% the difference
between myself and many other people
that unfortunately haven't started their
businesses is I just take the action
I'll just be like forget it let's just
do it I didn't have a website until 3
months into starting my recruitment
company because it didn't matter I knew
I just needed to get a client and I
needed to make money with that client
and I'll worry about the website after
let me concentrate on making the money
now sometimes it works and some
sometimes it but it doesn't but guess
how much money you're going to make
doing nothing guess how much money
you're going to make doing no actions
but nothing you're not going to make
anything because you just won't do the
actions so if you're stuck at some point
trust me when I say commit to the action
do the action you'll learn from the
action keep learning keep doing the
study and keep doing the theory but you
will learn now if you guys want me to do
a super detailed video into every single
step of everything that I've learned I
can do that I can go into every single
step starting my recruitment company in
year one in two in three in four then
starting a different business then
starting a different business how I
approach people and negotiate with them
how I actually was working my job was
making 500,000 half a million pounds for
the recruitment company how I got one of
the biggest companies in the world to do
business with me how I'm now going to
start a gym clothing brand in the UAE
and how I move to the UAE and what is
good for you in business if you guys
want me to go into super super detail
then leave a comment below let me know
deep dive let's call it deep dive dive
deeper dive deeper deep dive whatever
you want to call it comment below let me
know and if you guys haven't already
subscribe to the channel because we're
trying to put out as much value as
possible and obviously like this video
if you haven't already but that's all
for me
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