Luke Lazarus is an entrepreneur who also works as a business consultant for other business owners. Although he currently works as a consultant, his success in life started at a young age. He launched his first business when he was only 8 years old, and he experienced a lot of success in sports as he grew older.Â
He achieved high grades throughout high school and received scholarship offers from several universities. Despite the many options available to him, Luke Lazarus opted to remain in Melbourne where he earned his master’s degree in business. Lazarus went on to create four startups after finishing school. He sold those startups within a decade and made an impressive profit from the transactions.
In fact, he made enough income from those sales that he would have never needed to work again if he did not want to do it. Rather than retiring at a young age, Lazarus wanted to give back to the business community to which he owed his success. He knew that starting and running a successful business is a daunting task beset with many roadblocks and setbacks. These roadblocks prevent many small-business owners from reaching their true potential, and Lazarus wanted to do something about that problem.Â
His desire to help other business owners prompted him to become a business consultant for startups and small businesses in a variety of industries. Because he launched and sold several successful businesses over the years, Lazarus knows many of the common pitfalls business owners face and how to overcome them.Â
He works with businesses and reviews each part of their operation and business plan. As he reviews the business plan, he looks for problems that prevent the business from growing and expanding. He uses the same systematic approach with his consulting clients that allowed him to create profitable businesses.Â
After he discovers each aspect of a company’s operation, he speaks with the owner and points out the problems he found along the way. He gives business owners honest feedback on their approach and mistakes so that the business owners can improve their businesses. During his coaching sessions with clients, he reminds them of the importance of forming an emotional connection with both customers and investors. These connections empower long-term relationships that benefit both sides over the long run.Â
Many business owners get so caught up in their daily operations that they forget the importance of human connection, but Lazarus points them in the right direction. One of the problems business owners face is not knowing how to run a business. Many people believe that having passion for a trade is enough to let them reach all their business goals, but that’s not how it works. Running a successful business requires a range of skills that go beyond the skills required of the trade.Â
For example, business owners must know the accounting and legal aspects of running a business, but they must also understand how to market themselves and reach their target audience. Business owners must learn how to maximize their profit while minimizing their overhead spending, but that’s a lot to track for one person. Lazarus works with these professionals and helps them craft a unique business plan that works for them and their long-term goals.Â
He explains that no one person can do everything alone, and he helps his clients decide when they should hire others to help grow their businesses. With his knowledge and logical approach to building businesses, Lazarus can take struggling startups and transform them into successful corporations. Lazarus even shows business owners how to present their business plans to investors to get additional funding so that they can expand more than they once thought possible.