Caffeine Cast: 10 Ways to Stop People Setting up in Competition Against You [Business, mindset, entrepreneur, disruptors]
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Rob covers 10 top tips to minimise the amount of competition against you. Lots of people complain to me that they’re scared to train people because they’re worried that they’ll leave and set up their own business and become competition. Listen to this episode to find out how to prevent or minimize this from happening to you!
Key Takeaways
- You can’t really fully stop your clients from becoming competition. Even if you could you shouldn’t want to stop them because it can help to step up your game and keep you motivated to do better.
- If you want to grow you have to train people, if you want to grow you must let go. You need to trust people to do what you do in order to grow an empire. You will rise to become more powerful, the more people you train and elevate up.
- Create the systems, processes and manuals that transcends people, that you train, so that if they leave then you can replace them. Which means you’re not reliant on an individual once you’ve trained them.
- If you know the values of the individual and what’s important to them and you meet their needs through your enterprise then they’re more likely to stay rather then start up themselves. We call them intrepreneures.
- People like to see progression and see where their future could be. People will feel more motivated if they feel like their hard work is being recognised and rewarded. Once you’ve trained an individual and given them the resources they need in order to do their job then leave them to it. No one likes to be micromanaged.
- If you see a window of opportunity where someone is looking to start up on their own then you could offer to JV with them rather than them starting up completely alone.
- Most people think that if someone wants to become competition and start up on their own, they want to screw you over. However that’s not necessarily the case, not many people think ‘yeah I’m going to start up to screw them over’.
- If you ever use the card “do as I say as you work for me”, then you’re going to make them vicious.
Best Moments
- “Competition can keep you more motivated, inspired and you can learn from them”
- “A leader develops leaders”
- “If you understand the value of the individual, you’re more empowered to motivate them”
- “You can pay your staff less using PRA – Progression, Recognition and Autonomy.”
- “Don’t get too worked up about people screwing you over all of the time.”
- “As soon as you see a different attitude towards your competition then your competition will immediately change.”
- “When you collaborate, train, hire, work with people, they do not work for you.”
- “You serve your partners, trainers and staff as best as you can and then they are likely to serve you as best they can.”
[Business, mindset, entrepreneur, disruptors]
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979