A businessman raking in £5billion annually from B&M, a popular retail chain, has shared his six top tips for success. Simon Arora, a billionaire and executive director of B&M, highlighted key factors for achieving success during a recent podcast appearance. Arora emphasised the importance of internal satisfaction with success, advising against boasting and stressing the value of humility. He acknowledged the significance of acknowledging one’s limitations and surrounding oneself with individuals who excel in areas where one may fall short. Arora also attributed a portion of success to luck and fortuitous timing, advocating for a balanced perspective.
Arora’s journey to success began with his parents, Indian immigrants who worked diligently at outdoor markets selling imported handicrafts before progressing to establish a cash-and-carry warehouse supplying independent retailers and market traders in Manchester. After obtaining a degree in Natural Sciences from Cambridge University, Arora and his brother, Bobby, ventured into supplying homeware products to retailers in the UK. Their collaboration eventually led to the acquisition of B&M, propelling the brand from a Blackpool-based grocery chain to a prominent supermarket chain with a national presence.
Having solidified B&M’s standing as a premier retailer, the Arora brothers made a substantial profit by selling some of their shares for £215million. Simon Arora, who stepped down as the company’s CEO in 2022 but retains his role as executive director, continues to play a pivotal role in B&M’s operations. Arora’s insights into success stem from his upbringing and professional experiences, underscoring the significance of humility, collaboration, and recognising the role of chance in achieving one’s goals.
Arora’s transparent reflection on success serves as a guiding light for aspiring entrepreneurs and individuals striving for personal growth and achievement. His narrative underscores the importance of perseverance, humility, and strategic partnerships in navigating the path to success in the competitive business landscape. As individuals seek inspiration and guidance in their pursuit of success, Arora’s pragmatic advice offers valuable insights and a roadmap for those aspiring to make their mark in the professional realm.