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Learning From The Mistakes of Others
A short caffeine cast this week, covering the golden nuggets Tracy has picked up from the penultimate episode of this year's The Apprentice. Tracy discusses some fantastic highlights of mistakes picked up by the show's business advisors, in relation to the contestants' business plans.
KEY TAKEAWAYS
- Watch the penultimate episode of this year's Apprentice for some really great insight into how investors will scrutinise your business.
- Be honest and upfront about your business structure when talking to potential investors. It creates uncertainty about your honesty and how the business relationship will work if you don’t disclose who else is involved and at what capacity.
- If you are importing your products by sea from China for example, then you will find it difficult to keep that item in stock. And if you don’t have a popular item, you will end up stockpiling it.
- Remember to think about the scalability of your business when going for investment. There may be parts or people that don’t scale as you grow.
BEST MOMENTS
‘Numbers are important in your business plan, don’t leave them out’
‘If you’re looking at starting a business, watch the penultimate episode, it will give you a lot of mistakes you can avoid’
ABOUT THE HOST
With over 25 years of experience in IT Management and Business Consulting and 10 years plus helping hundreds of property investors through training, mentoring and speaking; Tracy founded Witch Property. Tracy is renowned for her knowledge on property & business and her ability to sell, market and grow the property individuals and companies she works with.
With a wealth of experience in business and property, Tracy has a rare capability of mixing her skills in this space with her knowledge of the mind, to ensure a truly rounded experience for growth and development.
Tracy on Facebook
Follow Tracy on Instagram
Tracy's LinkedIn
PODCAST DESCRIPTION
This is a podcast for anyone starting out in business with a willingness to learn from others. Hear stories from guests that have gone from zero to hero in their business and find out what advice they have to share. Tracy will also be bringing you stories from everyday people who are just starting, or are only part way through their own story to success.
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By Tracy Cartland-Ward & Dawn WillockA short caffeine cast this week, covering the golden nuggets Tracy has picked up from the penultimate episode of this year's The Apprentice. Tracy discusses some fantastic highlights of mistakes picked up by the show's business advisors, in relation to the contestants' business plans.
KEY TAKEAWAYS
- Watch the penultimate episode of this year's Apprentice for some really great insight into how investors will scrutinise your business.
- Be honest and upfront about your business structure when talking to potential investors. It creates uncertainty about your honesty and how the business relationship will work if you don’t disclose who else is involved and at what capacity.
- If you are importing your products by sea from China for example, then you will find it difficult to keep that item in stock. And if you don’t have a popular item, you will end up stockpiling it.
- Remember to think about the scalability of your business when going for investment. There may be parts or people that don’t scale as you grow.
BEST MOMENTS
‘Numbers are important in your business plan, don’t leave them out’
‘If you’re looking at starting a business, watch the penultimate episode, it will give you a lot of mistakes you can avoid’
ABOUT THE HOST
With over 25 years of experience in IT Management and Business Consulting and 10 years plus helping hundreds of property investors through training, mentoring and speaking; Tracy founded Witch Property. Tracy is renowned for her knowledge on property & business and her ability to sell, market and grow the property individuals and companies she works with.
With a wealth of experience in business and property, Tracy has a rare capability of mixing her skills in this space with her knowledge of the mind, to ensure a truly rounded experience for growth and development.
Tracy on Facebook
Follow Tracy on Instagram
Tracy's LinkedIn
PODCAST DESCRIPTION
This is a podcast for anyone starting out in business with a willingness to learn from others. Hear stories from guests that have gone from zero to hero in their business and find out what advice they have to share. Tracy will also be bringing you stories from everyday people who are just starting, or are only part way through their own story to success.