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

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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!

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