Interested in starting your own entrepreneurial journey but unsure what to expect? Then read up on our interview with Ron Lev, Founder of Gold Model Method, located in London, UK.
What's your business, and who are your customers?
My business is a time and project management consultancy, and I coach and deliver training around methods that I developed (Gold Model Method as an example). My clients are co-founders/MDs of SMBs, educational institutions, and companies.
Tell us about yourself
I launched my business in 2018, but the idea for the first method I developed came to me when I struggled with time and project management within the job role that I had in 2016. I remember that I went to the CEO of the company that I worked for and asked him how I could become more productive, and he introduced me to the Eisenhower Matrix (the most famous time management method).
I tried to implement this method but felt something was missing as I couldn’t see the correlation between the tasks I wanted to prioritize to my vision and goals. Due to this gap, I created a new holistic method called the Gold Model Method. The main thing that motivates me every day is to fulfill my vision to empower and grow people and businesses with the help of the methods and frameworks I created over the years.
What's your biggest accomplishment as a business owner?
It’s hard for me to think about only one, but two big ones are:
- The methods that I developed have been taught and implemented in more than 20 educational institutions globally, including Cambridge and UCL universities.
- I helped a number of businesses and individuals increase their productivity by tens of percent.
What's one of the hardest things that come with being a business owner?
I would say that, especially if you go solo, everything is on you. A person who decides to choose this path must understand the responsibilities, proactiveness, and loneliness that it requires from her to a certain degree.
What are the top tips you'd give to anyone looking to start, run and grow a business today?
- Plan- It is easy to start and improvise, but it is very important to plan what you will do within the next week, month, and year. The plan will be changed quite often, but having a plan will provide a roadmap and order in your head that will help you stay focused.
- Calculate your business's revenue streams carefully. At the end of the day, as a business, you want to make a profit, and I saw too many entrepreneurs who had great ideas but didn’t calculate how they would make money and failed in the end.
- Allocate time for tasks that keep you energized.
I decided on a rule that says that over a week, I need to allocate, on average, two hours a day for tasks that keep me energized (it’s called the 8.5% rule, as this is the time allocation over a week). Some examples of those tasks could be:
- Meeting friends
- Family time, etc.
These activities will improve your well-being, and as an outcome, you will become more productive and less stressed. I created a guide that helps to plan and execute your plans when you open a new venture.
Where can people find you and your business?
If you like what you've read here and have your own story as a solo or small business entrepreneur that you'd like to share, then please answer these interview questions. We'd love to feature your journey on these pages.
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