This episode is a follow-up to last Thursday´s toolbox episode in which Alex and Pooh discussed overcoming some of the struggles and challenges entrepreneurs face. Today, Alex dives a little deeper into the subject and shares the top things you can do to improve the chances of business success.

He looks at building resilience, being adaptable, self-discipline, pursuing a clear vision, developing decision-making and problem-solving skills, communicating clearly, financial literacy and more.

KEY TAKEAWAYS

• Resilience is crucial – without it you end up becoming discouraged, losing sight of your business purpose, and losing your passion.
• The business world and your market are constantly changing, so you need to be adaptable.
• Emotional intelligence is important. It is what enables you to manage your emotions and to some extent those of others.
• Things are always going to go wrong. It is a fact that nobody can avoid so developing the ability to handle problems well is crucial.
• Without financial literacy it is impossible to know how well your business is doing and spot things like cashflow issues early so that you can get ahead of the problem.
• If you are not good at finances, work with or employ someone who is.
• Developing a strong mindset is essential, all successful entrepreneurs are constantly working to improve their mindset.

BEST MOMENTS

"We can never guarantee success, but we can build some really solid foundations into our mindset."

"Discipline is pretty much the backbone of success."

"High emotional intelligence allows you to lead with empathy ."

"Financial literacy is non-negotiable. It ensures that you can make informed decisions that support the long-term health of the business. "

HOST BIOS

Alex & Pooh have built a portfolio of over 16 Serviced Accommodation Units and 10 Buy-To-Lets collectively over the last 5 years.

This AirBnB Business has allowed each of them to create their own tailor-made ‘lifestyle by design.’

Pooh chose to escape the corporate life as an electrical engineer instead to spend his time at home with his young and growing family, and Alex likes to spend most of his time in sunny Spain enjoying his love for road cycling or even hiking in the Tramuntana mountain ranges.

CONTACT US

Facebook - https://www.facebook.com/alex.mannock/

Instagram - https://www.instagram.com/theairbnbnomadspodcast TikTok - https://www.tiktok.com/@theairbnbnomadspodcast

YouTube - https://www.youtube.com/@Lifebeyondbroke/