Uploaded on May 21, 2023
This month, we sat down with successful entrepreneur, Richard Bell. He is currently CEO of Little Zak’s Academy with over 300 staff, and the Founder.
Setup For Success
Setup For Success
This month, we sat down with successful entrepreneur,
Richard Bell. He is currently CEO of Little Zak’s
Academy with over 300 staff, and the Founder
of Business Leaderz Group and received Sydney’s
Young Entrepreneur of the Year Award in the Finance
category in 2020. Each year he mentors 20 businesses
on a monthly basis – we asked him about what makes
the difference to surviving versus thriving in the current
market conditions…
Rich, what are your thoughts on what small business
owners are going through right now?
Covid has been challenging for a lot of us. It’s probably
challenged your ideas about life, ideas about business,
your goals, your values, how you think about things,
but don’t let it change your course. It’s so easy to get
thrown off by something external whether it’s a global
pandemic, economic downturn, massive change in
trade rules or government policy… it’s important that
you as the business owner stay true to your course and
your vision of when you started this thing in the first
place – whatever it is.
1. “Business success does not happen by accident, it is
planned and executed”
Get your bearings right and identify what true north is
for you and your company. Think about every aspect
and almost do a full day strategy and planning session
where you look at; do you have the right people on
your team, are you positioned properly within the
market, are you actually solving a problem currently,
does the current trajectory of the business point
towards where you actually want to be? What do you
need to start doing, stop doing, do more of, do less of?
2. “A successful business is the outcome of 1000 small
things done well. Not one big seismic win or failure. It’s
every decision, detail, process, plan and strategy that
counts.”
Once you identify what direction the business needs to
be heading in, it’s then time to map it all out, put a 12-
month operational plan together, make sure you have
the right people on the bus, you have clearly set the
rules for the game (your company values) and everyone
is pulling in the same direction. Map out every key
project with the actions and who is responsible for
completing those and get to work.
3. “Your business growth is directly proportionate to
your level of thinking as a leader.”
Nobody in this world is perfect, we all have our
strengths and our blind spots. But to be a leader, you
need people who believe in your vision, your passion
and your skillset to lead them to where they want to
go. And for some people, this means upskilling in order
to get that certainty. I would be lying if I said I managed
to accomplish everything I have by myself, I’ve had
multiple mentors and coaches that have influenced me.
I’ve learnt that business growth is directly correlated
with your ability to surround yourself with the right
people.
What is the message you’d like to leave small business
owners with?
I know of hundreds of businesses that have had to
pivot, close, change their entire business plan
completely during the last one to two years, me
included, but what hasn’t changed is the commitment
to the course.
As we start to come out of COVID, I want to leave a
message to all the business owners that your vision still
matters and that you still have that fire inside of you. If
you have a business think about what you can do over
the next 6-12 months to turn things around, to move
the needle; rewrite your business plans, hire new
people, raise more funds, expand, grow… don’t let the
last two years throw you off what may be for some of
you a 10-20 year plan.
Stay the course, you’ve got enough passion, you’ve got
enough grit, you started this thing make sure you finish
it.
Rich run’s Leaderz Club for businesses that are looking
to have their best year in business yet. If you would like
more information about Rich’s Leaderz Club, you can
see more information here .
https://www.ikeep.com.au/
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