Joining us in the booth this week is Dwain Reid who has been an entrepreneur for over 20 years, worked with over 10,000 founders, is an early stage business advisor with the Forbes Family Group and a former advisor to the government on entrepreneurship. In this episode we discuss: Biggest lessons and challenges Dwain faced in his 20 years as an entrepreneur Why anyone can become an entrepreneur Why people are more in love with the ‘solution’ than the ‘problem’ Why work life balance isn’t possible The key ingredients that makes an entrepreneur successful & what makes them fail Why you shouldn’t be scared to share your ideas The importance of hiring people who share your values 3 tips to grow your business How to go from 5 figures to 6 figures in your business The addiction that the really successful people have and much more! Connect with Dwain on his website: https://dwainreid.com Connect with Dwain on Instagram: https://www.instagram.com/mrdwainreid Follow me on: Instagram - https://www.instagram.com/savvywallet Tiktok - https://www.tiktok.com/@savvywallet Check out: https://www.youtube.com/savvywallet for the video version 📩 Sign up to my mailing list to be the first to know about upcoming events: http://eepurl.com/hJEcLL Check out our partner who is offering an Instant Savings Account Earning 4.07% AER Variable for your Business: Tide - https://tide.onelink.me/IS48/SavvyWallet T&Cs Apply. Check out our partners who offer Stocks and Shares ISA and more: ⚡️Trading 212⚡️ Get a FREE fractional share worth up to £100 when you open an ISA or invest account and deposit at least £1, using my link: https://www.trading212.com/join/SAVVY If you don't get the free share automatically after depositing £1. Use the code "SAVVY" in the promo code box. You can use this code for up to 10 days after opening the account. When investing, your capital is at risk. Tax treatment depends on your individual circumstances and regulations which may change. Other fees may apply. ⚡️Hargreaves Lansdown ⚡️ http://hl.7eer.net/B0mz50 Capital at risk ⚡️Interactive Investor ⚡️ https://prf.hn/click/camref:1101l3RTLM/ar:SW Capital at risk Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you. TIMESTAMPS 00:00 - Preview 01:00 - Intro 01:36 - Meet 20 Year Entrepreneur Dwain Reid 03:23 - Growing up in Peckham…! 06:31 - My school grades were good but I struggled in college 10:48 - This inspired me to become an entrepreneur 13:20 - This is how I got into the childcare business 17:06 - How we grew our childcare business to six figures 20:41 - This became our biggest customer 22:26 - You’re supposed to be creating a system that can run itself…! 24:07 - This is how I stayed in the same business for 20 years…! 27:00 - Challenges in my 20 years in business..! 34:56 - Why I left the childcare business 36:03 - Why I went back to coaching businesses 41:10 - You NEED these ingredients to be successful in business! 45:01 - Someone can steal your idea but not your passion! 48:53 - This is how you action your IDEA…! 51:52 - Barriers entrepreneurs face…and how to overcome them! 56:26 - How to build your network! 01:00:49 - How to grow from a 5 figure business to a 6 figure one1:03:19 - The importance of a growth mindset 01:06:31 - Most successful people around me are addicted to this..! 01:08:55 - Should everyone be an entrepreneur?! 01:11:54 - 3 tips to grow your business 01:16:06 - My work in the Forbes Family Group 01:18:00 - Final words! Learn more about your ad choices. Visit megaphone.fm/adchoices

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