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.

The Money Podcast

Worst Business Ideas | The Worst Business Models of 2024

Rob is again joined by members of his sales team to talk all things sales and money! They talk about customer deadlines, creating your own systems and what it really takes to be good at sales. They also ask Rob their top questions including how to follow up on a sale like a pro!

KEY TAKEAWAYS
If you aren’t money hungry as a salesperson then you are in the wrong job.
It can be better to get a no to a sale first, so you can work out how to turn it into a yes. No is a form of communication.
Rob isn’t sure there’s such a thing as being too pushy in sales. If you are trying to help someone why is it bad to be pushy about it?
Setting clear deadlines for customers is a useful tool for following up and closing sales. However, it also means that you have to be firm and may risk losing sales.
A set deadline changes the power dynamic and will make customers take you seriously.
If you feel comfortable with the amount you earn, how can you make yourself feel more uncomfortable to unlock a higher earning power?
Being able to weed out time wasters in sales is very powerful. It will save you time and help you concentrate your efforts on the clients who will convert
If you can locate leads from organic sources, you can help them grow by diverting attention and money towards them.
Track your own data, keep records of everything you do and test how you deal with clients.

 

BEST MOMENTS

“I don’t think people are money focused enough” 

“What’s wrong with being pushy?”

“You want a no from the right person”

“You have to risk losing a sale to get it”

“You have to teach them [the customer] how to treat you”

“Gamify and challenge yourself to reset the thermostat of where you’re comfortable [with money]”

 

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 is again joined by members of his sales team to talk all things sales and money! They talk about customer deadlines, creating your own systems and what it really takes to be good at sales. They also ask Rob their top questions including how to follow up on a sale like a pro!
KEY TAKEAWAYS
<ul>
<li>If you aren&rsquo;t money hungry as a salesperson then you are in the wrong job.</li>
<li>It can be better to get a no to a sale first, so you can work out how to turn it into a yes. No is a form of communication.</li>
<li>Rob isn&rsquo;t sure there&rsquo;s such a thing as being too pushy in sales. If you are trying to help someone why is it bad to be pushy about it?</li>
<li>Setting clear deadlines for customers is a useful tool for following up and closing sales. However, it also means that you have to be firm and may risk losing sales.</li>
<li>A set deadline changes the power dynamic and will make customers take you seriously.</li>
<li>If you feel comfortable with the amount you earn, how can you make yourself feel more uncomfortable to unlock a higher earning power?</li>
<li>Being able to weed out time wasters in sales is very powerful. It will save you time and help you concentrate your efforts on the clients who will convert</li>
<li>If you can locate leads from organic sources, you can help them grow by diverting attention and money towards them.</li>
<li>Track your own data, keep records of everything you do and test how you deal with clients.</li>
</ul>
&nbsp;
BEST MOMENTS
&ldquo;I don&rsquo;t think people are money focused enough&rdquo;&nbsp;
&ldquo;What&rsquo;s wrong with being pushy?&rdquo;
&ldquo;You want a no from the right person&rdquo;
&ldquo;You have to risk losing a sale to get it&rdquo;
&ldquo;You have to teach them [the customer] how to treat you&rdquo;
&ldquo;Gamify and challenge yourself to reset the thermostat of where you&rsquo;re comfortable [with money]&rdquo;
&nbsp;
VALUABLE RESOURCES
<a href="https://robmoore.com/">https://robmoore.com/</a>
bit.ly/Robsupporter&nbsp;&nbsp;
<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 &ldquo;Life Leverage&rdquo; Host of UK&rsquo;s No.1 business podcast &ldquo;The Disruptive Entrepreneur&rdquo;
&ldquo;If you don't risk anything, you risk everything&rdquo;
CONTACT METHOD
Rob&rsquo;s official website:&nbsp;<a href="https://robmoore.com/">https://robmoore.com/</a>&nbsp;
Facebook:&nbsp;<a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">https://www.facebook.com/robmooreprogressive/?ref=br_rs</a>
LinkedIn:&nbsp;<a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>
&nbsp;
See omnystudio.com/listener for privacy information.

The Art of Pushy Sales Insider Tips from Rob's Sales Team

Rob talks to Kane about whether saving accounts are a scam and the wider questions about bank accounts and savings. Rob gives the negatives to saving in today’s economic climate and gives alternative ways to make your money work for you.

 

KEY TAKEAWAYS
Saving money loses your money but many people don’t realise this because it happens slowly.
Historically you get less in interest than inflation which means saving always loses money in the long term.
Rule number one in making money is beating inflation.
The banks are some of the best marketers in the world! 

BEST MOMENTS

"Is savings a scam?”

“Savers are losers”

“You have to beat inflation” 

 "Cash is the lowest form of investment"

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 talks to Kane about whether saving accounts are a scam and the wider questions about bank accounts and savings. Rob gives the negatives to saving in today&rsquo;s economic climate and gives alternative ways to make your money work for you.
&nbsp;
KEY TAKEAWAYS
<ul>
<li>Saving money loses your money but many people don&rsquo;t realise this because it happens slowly.</li>
<li>Historically you get less in interest than inflation which means saving always loses money in the long term.</li>
<li>Rule number one in making money is beating inflation.</li>
<li>The banks are some of the best marketers in the world!&nbsp;</li>
</ul>
BEST MOMENTS
"Is savings a scam?&rdquo;
&ldquo;Savers are losers&rdquo;
&ldquo;You have to beat inflation&rdquo; 
&nbsp;"Cash is the lowest form of investment"
VALUABLE RESOURCES
<a href="https://robmoore.com/">https://robmoore.com/</a>
bit.ly/Robsupporter&nbsp;&nbsp;
<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 &ldquo;Life Leverage&rdquo; Host of UK&rsquo;s No.1 business podcast &ldquo;The Disruptive Entrepreneur&rdquo;
&ldquo;If you don't risk anything, you risk everything&rdquo;
CONTACT METHOD
Rob&rsquo;s official website:&nbsp;<a href="https://robmoore.com/">https://robmoore.com/</a>&nbsp;
Facebook:&nbsp;<a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">https://www.facebook.com/robmooreprogressive/?ref=br_rs</a>
LinkedIn:&nbsp;<a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>
&nbsp;
See omnystudio.com/listener for privacy information.

Is Saving a Scam?

Rob and Kane talk about how to get a pay rise. They debunk common LinkedIn myths and Rob reveals his insider secrets and gives practical strategies that could transform your earning potential. They also share their controversial views on why cost-of-living complaints won't get you anywhere and give a framework that could guarantee you a pay rise with 90% accuracy. This is essential listening for anyone looking to level up their income in 2025!

 

KEY TAKEAWAYS
Employers need to make money before they can pay employees more. Focus on how you can help the business make more money rather than your personal circumstances.
Going commission only or reducing base salary for higher commission can break through salary caps, as you won't be limited by your manager's salary.
Working for smaller companies (under 20M revenue/100 staff) gives better access to entrepreneurial leaders and more opportunities for growth.
Employers often prefer to retain staff due to high costs of recruitment, training, and onboarding. Use this knowledge strategically in negotiations.
Document specific ways you've made or saved the company money, with clear ROI figures. Aim to show how you can make the company 10x what you're asking for.
Sales and marketing roles offer the most security and earning potential. They're typically last to be cut in downturns and skills are highly transferable.

 

BEST MOMENTS

"Basically you should do the opposite of the bullshit you read on LinkedIn"

"I could, with 90 percent accuracy, guarantee anyone gets a pay rise with what I'll share. I could with a hundred percent accuracy guarantee that no one will get a fucking pay rise if they say to me that the cost of living has gone up."

"If you can make the company 50 and you're asking for 5, well, that's a no brainer. That's 10%."

"Comfort is the opposite of greatness. So I would say to anyone who's worried about AI, what are you going to do about it? Cause what does worrying do? Fuck all."

"Sales people, however, very safe... I will protect my sales guys at all costs."

 

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 and Kane talk about how to get a pay rise. They debunk common LinkedIn myths and Rob reveals his insider secrets and gives practical strategies that could transform your earning potential. They also share their controversial views on why cost-of-living complaints won't get you anywhere and give a framework that could guarantee you a pay rise with 90% accuracy. This is essential listening for anyone looking to level up their income in 2025!
&nbsp;
KEY TAKEAWAYS
<ul>
<li>Employers need to make money before they can pay employees more. Focus on how you can help the business make more money rather than your personal circumstances.</li>
<li>Going commission only or reducing base salary for higher commission can break through salary caps, as you won't be limited by your manager's salary.</li>
<li>Working for smaller companies (under 20M revenue/100 staff) gives better access to entrepreneurial leaders and more opportunities for growth.</li>
<li>Employers often prefer to retain staff due to high costs of recruitment, training, and onboarding. Use this knowledge strategically in negotiations.</li>
<li>Document specific ways you've made or saved the company money, with clear ROI figures. Aim to show how you can make the company 10x what you're asking for.</li>
<li>Sales and marketing roles offer the most security and earning potential. They're typically last to be cut in downturns and skills are highly transferable.</li>
</ul>
&nbsp;
BEST MOMENTS
"Basically you should do the opposite of the bullshit you read on LinkedIn"
"I could, with 90 percent accuracy, guarantee anyone gets a pay rise with what I'll share. I could with a hundred percent accuracy guarantee that no one will get a fucking pay rise if they say to me that the cost of living has gone up."
"If you can make the company 50 and you're asking for 5, well, that's a no brainer. That's 10%."
"Comfort is the opposite of greatness. So I would say to anyone who's worried about AI, what are you going to do about it? Cause what does worrying do? Fuck all."
"Sales people, however, very safe... I will protect my sales guys at all costs."
&nbsp;
VALUABLE RESOURCES
<a href="https://robmoore.com/">https://robmoore.com/</a>
bit.ly/Robsupporter&nbsp;&nbsp;
<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 &ldquo;Life Leverage&rdquo; Host of UK&rsquo;s No.1 business podcast &ldquo;The Disruptive Entrepreneur&rdquo;
&ldquo;If you don't risk anything, you risk everything&rdquo;
CONTACT METHOD
Rob&rsquo;s official website:&nbsp;<a href="https://robmoore.com/">https://robmoore.com/</a>&nbsp;
Facebook:&nbsp;<a href="https://www.facebook.com/robmooreprogressive/?ref=br_rs">https://www.facebook.com/robmooreprogressive/?ref=br_rs</a>
LinkedIn:&nbsp;<a href="https://uk.linkedin.com/in/robmoore1979">https://uk.linkedin.com/in/robmoore1979</a>
&nbsp;
See omnystudio.com/listener for privacy information.

Worst Business Ideas | The Worst Business Models of 2024

The Money Podcast

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The Money Podcast

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