In today's episode, Warren Ingram and Pieter de Villiers discuss the critical stages of business maturity, focusing on key considerations for business owners as they transition from survival to sustainability. They cover essential topics such as key person risk, staff compensation, financial health, client engagement, hiring for culture, buy and sell agreements, and the importance of intentional business practices. Our hosts emphasize the need for entrepreneurs to invest in their people and culture, navigate challenges, and plan for the future, including estate planning and remuneration strategies for founders.
Takeaways
- You want to make sure at the very least you've got some company life assurance.
- You should have a history of paying good sufficient tax.
- Don't lose sight of talking to your clients.
- You want to be honest about what's going on.
- You need to be intentional about what you were doing.
- You need to listen to your employees.
- The challenges will always be there.
- You want that stuff written down.
- You should be very intentional now about the transition of ownership.
Learn more about how Curate Investments can help you here.
Send us a text
Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod