Rob blind ranks the worst business models for 2024 in this episode. He talks about why these are the worst businesses to own right now but also gives advice and tips on running them profitably if you are still considering it!



KEY TAKEAWAYS



1.     Restaurant. There can be a lot of staffing issues, overheads and wastage is also very high.

2.     Laundromat. You have to pay rent, rates, equipment, security and more. You also have to be careful about the areas you choose to set up in, how much volume will you get?

3.     Estate Agents: There are a lot of firms that have decades of experience, it’s traditional and old school. It’s slow and has high overheads.

4.     Gym: Fitness is a massive industry and it still evolving but it is a highly competitive space.

5.     Clothing brand: Changing fashion trends can be an opportunity. But buying stock can be expensive and complicated, there are a lot of overheads.

6.     Social media editor. It’s lean, you don’t need anything apart from your phone to get started.

7.     Social media agency. Everyone is on social media, you have a global audience and potential customers.



BEST MOMENTS

"The better you know social media the easier it is for you to sell that knowledge to other people”

“Sales cures all”

“There’s a lot of gyms, what makes yours different”

“There’s no revenue like recurring revenue”



VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

rob.team

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 “The Disruptive Entrepreneur”

“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



See omnystudio.com/listener for privacy information.

Rob blind ranks the worst business models for 2024 in this episode. He talks about why these are the worst businesses to own right now but also gives advice and tips on running them profitably if you are still considering it!
 
KEY TAKEAWAYS
 
1.     Restaurant. There can be a lot of staffing issues, overheads and wastage is also very high.
2.     Laundromat. You have to pay rent, rates, equipment, security and more. You also have to be careful about the areas you choose to set up in, how much volume will you get?
3.     Estate Agents: There are a lot of firms that have decades of experience, it’s traditional and old school. It’s slow and has high overheads.
4.     Gym: Fitness is a massive industry and it still evolving but it is a highly competitive space.
5.     Clothing brand: Changing fashion trends can be an opportunity. But buying stock can be expensive and complicated, there are a lot of overheads.
6.     Social media editor. It’s lean, you don’t need anything apart from your phone to get started.
7.     Social media agency. Everyone is on social media, you have a global audience and potential customers.
  
BEST MOMENTS
"The better you know social media the easier it is for you to sell that knowledge to other people”
“Sales cures all”
“There’s a lot of gyms, what makes yours different”
“There’s no revenue like recurring revenue”
 
VALUABLE RESOURCES
<a href="https://robmoore.com/">https://robmoore.com/</a>
bit.ly/Robsupporter  
<a href="https://robmoore.com/podbooks">https://robmoore.com/podbooks</a>
<a href="https://robmooreteam.spiffy.co/checkout/robteam-of/">rob.team</a>
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 “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: <a href="https://robmoore.com/">https://robmoore.com/</a> 
Facebook: <a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">https://www.facebook.com/robmooreprogressive/?ref=br_rs</a>
LinkedIn: <a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>
 
See omnystudio.com/listener for privacy information.

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money. How to know more, make more and give more. How to save, invest and raise money. The story, history and psychology of money. The good, bad and naughty of money. Rob will use his experience of going from debt at 26, to becoming a millionaire by 31. Rob will call upon his contacts and interview millionaires, billionaires, economists and money masters from all walks of life. Rob will draw all his experience from starting from nothing, and building the huge podcast the “Disruptive Entrepreneur”, with his on the ground, real business experience. The Money podcast is for anyone who wants to make more money in a job, profession or passion, for money masters and money disasters. They say money doesn’t make you happy, Rob says “It does!”.

The Money podcast, by best-selling author of “Money”, Rob Moore, will dive into how to make, manage and master money.

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