Partner dynamics and business growth

--:--
*Strong language advisory*

In the latest episode of The Hustle podcast, Justin Harrison delves into the world of entrepreneurship with a new entrepreneur who has ventured into the realm of frozen food distribution. 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?

00:00 Introduction to The Hustle Podcast
00:33 Navigating partnerships in business
03:25 Understanding equity and cash flow in partnerships
06:00 The Pitfalls of up-coaching in partnerships
09:14 Strategising for business success and exit plans
13:48 Final thoughts and advice for entrepreneurs
16 Apr English South Africa Business · Marketing

Other recent episodes

Beyond Debt

In this episode of the podcast, Justin speaks to a MoneyTribe member who is facing her demons and challenging herself to build, elevate herself and establish herself as an entrepreneur. They discuss the challenges of debt, the importance of creating passive income for a secure retirement, and the role of…
7 May 10 min

Client service and payment issues

In this episode of The Hustle Podcast, host Justin Harrison talks with Warren, a small business owner from Pietermaritzburg, about managing customer dissatisfaction and cash-on-delivery (COD) payment problems. Key strategies discussed include managing customer expectations through proactive communication, considering rejecting non-viable jobs to preserve the business's reputation and under-promising to…
30 Apr 10 min

Future-ready kids

In this episode of the podcast, Justin Harrison speaks to a 20-year veteran of the financial industry who is concerned about what the future holds for his children and who's keen to tap into Justin’s entrepreneurial mindset around managing issues in the country as well as preparing his children for…
23 Apr 21 min

Building your empire

In this episode of The Hustle Podcast, host Justin Harrison talks with a Pretoria-based solopreneur about finance, investment, citizenship, property, and community for entrepreneurs. They discuss smart ways to finance vehicles, options for gaining citizenship or residency abroad, and the benefits of renting over buying property for entrepreneurs on the…
9 Apr 17 min

Scaling strategies for solopreneurs

In this episode of the podcast, Justin Harrison answers some hard business questions from an established solopreneur who is looking to grow and expand her business and faces the dilemma that without her, the business does not exist. They discuss whether to split businesses based on different income streams and…
26 Mar 9 min