All Business Baby
All Business Baby, hosted by Philip Khao, helps aspiring and current small business owners achieve financial stability and freedom through inspiring stories and practical advice on starting and growing a business.
Tune in to join a supportive community of business owners sharing their wins, losses, and challenges on their journey to success.
All Business Baby
Ep. 21 - Zero Clients, No Experience, No Plan? Here’s How To Survive Business in Year One ft. Bobby Lam
In this episode, we have Bobby Lam, a finance broker at Loan Lounge with 10+ years in financial services, blending banking, lending, and community work to help businesses and individuals secure the right financial solutions.
Bobby shares how leaving a stable banking career to start a church in China shaped his entrepreneurial mindset, why the first year of business is brutal—and how to push through the financial struggles, and how having a strong purpose beyond money can keep you motivated even in the hardest times.
He also discusses the biggest misconceptions about mortgage broking and why most people quit too soon, the key mindset shifts that helped him become confident deal closer, and why mentorship and surrounding yourself with the right people can make or break your success.
If you want to learn how to build a resilient business, stay motivated through challenges, and create a career that aligns with your purpose, then make sure to listen to this episode!
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SHOW NOTES LINKS
https://www.linkedin.com/in/bobby-lam-578555281/
https://www.instagram.com/bobthebrokerau/
https://loanlounge.au/
https://www.facebook.com/loanlounge
https://linkedin.com/company/loanlounge
https://www.instagram.com/loanlounge/
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LISTEN TO THE PODCAST
Spotify: https://spoti.fi/3QTXo7s
Apple Music: https://apple.co/46dyEeI
Google Podcast: https://bit.ly/3QFkw8A
Amazon Music: https://amzn.to/40Akwv8
YouTube: https://www.youtube.com/channel/UCVeRalAVOkGHYLfciZy_5Xg
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FIND US HERE
Website: https://solveaccounting.com.au/
Facebook: https://www.facebook.com/profile.php?id=61550067431709
Instagram: https://www.instagram.com/philkhao/
LinkedIn: https://au.linkedin.com/in/philipkhao
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CONTACT US
Phone: (02) 8197 1733
Email: philip@solveaccounting.com.au
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TIME STAMPS:
00:00 Intro
01:07 Bobby’s Background
04:15 What Made Bobby Stay In Sydney
07:11 Church in China
10:10 Learnings in Growing Church in China
13:14 First Year Experience in Business
18:59 Tips on Someone Who Wants to Start in Mortgage Brokering
23:21 Difference Between First Year and Third Year in Business
26:00 Feeling of Quitting in the First Three Years in Business/Going Back to Corporate
31:41 Tips and Experiences in the Three Years in Business
37:36 What Has Helped Bobby in Business?
40:50 Bobby’s End Goal
43:59 Conclusion
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DISCLAIMER
The information provided in this podcast is for general purposes only and should not be considered personal advice. Always consult with qualified professionals or experts in the relevant field for personalised advice tailored to your specific situation.