Partner dynamics and business growth
Starting a new business venture can be both exhilarating and daunting, especially when it comes to navigating the complexities of partnerships and business strategy.
In the latest episode of The Hustle podcast, host Justin Harrison delves into the world of entrepreneurship with a new Cape Town based entrepreneur who's ventured into the realm of frozen food distribution.
Justin focuses on strategies to manage partnerships, plan for success, and overcome challenges along the way.
This episode is packed with valuable insights and advice on building relationships, defining work divisions, understanding leadership dynamics, and navigating the complexities of partnerships, profit sharing, and exit strategies.
Questions asked on the podcast:
● How do you manage team leadership structures when everyone is partners in the company?
● How to manage profit share and equity in the business?
● How do you measure success in the business and when /how to plan for the exit strategy?
Listen below, and please note this episode contains some strong language.
Last time on 'The Hustle with Justin Harrison,' discussions revolved around finance and investment strategies for entrepreneurs, exploring car purchasing, citizenship options, real estate decisions, and effective ways to invest.
The episode also delves into acquiring citizenship or residency
in other countries through various methods and discusses
the preference for renting over buying property for individuals building their
businesses.
Listen directly below.
Meanwhile, tired of the endless stream of "passive income" promises that seem too good to be true? In a previous episode of The Hustle with Justin Harrison, you'll get strategies to achieve financial freedom without the hype.
Justin debunks the myth of effortless passive income, revealing that all income streams require some upfront work.
But the good news? The effort you put in can be tailored to your current resources, whether you have more time or money to leverage.
Press play below to listen.
If you're going to start a business successfully, the first thing you need to do is be debt-free.
LISTEN | Which business should you start?
The Hustle with Justin Harrison won 'Best Finance Podcast' in the 2023 APVA Awards and was a finalist in the 2023 DSTv Content Creator Awards for 'Podcast of the Year.'
If you would like to be part of the podcast and have your questions answered and featured in the podcast, send a voice note via WhatsApp to 081 750 2349 or send an email to [email protected].
More about Justin Harrison:
Justin Harrison is the author of eight personal finance books; he’s a serial entrepreneur, investor, wealth creator, popular TikToker and one of South Africa's thought leaders in the financial technology space. During his career, Justin’s been involved in launching over 100 businesses. He is a passionate South African who loves living in KwaZulu-Natal. Justin is a father of three and an avid sportsman who believes deeply that South Africa is one of the best countries in the world.
Listen to more from The Hustle via the channel below:
Main image courtesy of East Coast Radio Podcasts.