10 Years Of Business Advice In 13 Minutes | From A Muslim CEO

Summary

The 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

00:00

🚀 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.

05:01

💼 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.

10:02

🌍 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.

Keywords

💡Entrepreneurship

Entrepreneurship refers to the act of starting and running one's own business. In the video, the speaker discusses leaving a high-paying job to start his own company from his living room at the age of 25, eventually growing it to make significant monthly revenue. This illustrates the entrepreneurial journey from inception to success.

💡Financial Freedom

Financial freedom means having enough income to cover living expenses without being dependent on a traditional job. The speaker emphasizes that despite promotions and pay raises, true financial freedom is unattainable through a regular job alone, advocating for starting a business or a side hustle as a path to achieve it.

💡Mindset

Mindset refers to one's mental attitude or disposition. The speaker highlights a shift in mindset from wanting to make enough money to avoid working a job, to aiming to create value and opportunities for others. This change in perspective is crucial for achieving greater success and impact.

💡Promotion

Promotion is an advancement in rank or position within a job. The speaker recounts how even significant promotions at his job did not substantially increase his financial stability, which motivated him to pursue entrepreneurship for better financial rewards.

💡Hiring

Hiring involves employing people to work in one's business. The speaker discusses the importance of hiring employees to delegate tasks and grow the business, sharing his experience of hiring his first employee and the positive impact it had on his company's growth.

💡Humility

Humility is the quality of being humble and recognizing one's limitations. The speaker stresses the importance of staying humble despite financial success, as arrogance can lead to complacency and financial decline. Humility helps in continuous learning and adapting.

💡Charity

Charity is the act of giving to those in need. The speaker mentions the significance of giving charity, not only as a moral obligation but also as a means to stay grounded and receive blessings. He ties this to his religious beliefs and the positive impact it has on his business and personal life.

💡Action

Action refers to the process of doing something to achieve a result. The speaker emphasizes the necessity of taking action to start and grow a business. He criticizes overthinking and encourages immediate action, sharing how taking bold steps helped him succeed.

💡Focus

Focus is the concentration on a specific task or goal. The speaker advises against frequently changing business ideas, advocating for sustained effort and focus on a single venture. He attributes his success to sticking with his recruitment business for several years before diversifying.

💡Scaling

Scaling involves expanding a business to handle increased demand. The speaker talks about growing his business to an international level, serving clients worldwide, and starting multiple successful companies. This demonstrates how scaling can lead to greater financial success and impact.

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

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