EP. 144 - Self Made Millionaire: I Became A Multimillionaire By Not Paying Myself For 6 years! ft. Ajmal Mushtaq
Description
Joining us in the booth this week is Ajmal, founder of Pizza restaurant, Boss Pizza and former owner of award winning restaurant, Mushtaqs.
In this episode we discuss:
- How growing up in Glasgow shaped Ajmal
- How he became a multimillionaire
- The key to achieving success in whatever you do
- The system Ajmal used to improve his business
- How Mushtaqs became the biggest takeaway operation in Britain
- Why Ajmal sold his first business
- How Ajmal invests the profits of his business
- Vision for his new business Pizza Boss and much more
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Ajmal's TikTok: https://www.tiktok.com/@ajmalmushtaq
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TIMESTAMPS
00:00 - Preview
00:57 - Intro
01:33 - Meet Pizza Boss Founder Ajmal Mushtaq
03:47 - Tough times in Glasgow shaped me!
09:14 - First 6 years on my business didn’t take a wage
17:53 - How Mushtaqs became the biggest takeaway operation in Britain
21:21 - I created the perfect system for my business
27:23 - Challenges I faced when I took over Mushtaqs Restaurant
36:48 - Why I decided to sell my award winning restaurant business
39:13 - How to prepare to sell your business
40:18 - What I did after selling my business
41:49 - I invest in property and not stocks!
46:04 - How long it took me to make my first millions
50:16 - Good money advice that helped me become a millionaire
52:51 - 1 intangibles every business owner needs
55:22 - Mistakes I made as an entrepreneur
58:35 - Millionaire entrepreneur advice on getting started in business
01:01:44 - Lessons learnt from Mushtaq applied to Boss Pizza
01:07:11 - Final words
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