Matt Farr talks to us on how he left a high-paying banking job to follow his real passions of mountaineering and exploration that finally led him to establish his own adventure travel company, Mountain Quests. He shares how being open to ideas and being a risk-taker helped him convert his true passion for adventure travel into a profitable business.
How a holiday plan to Thailand landed him to a doctor and opened his eyes towards a whole new lifestyle
What made him leave a high-paying banking job and establish an adventure travel company without any business plan
How being open to ideas and being a risk-taker helped him find his true passion
Learning to tread slowly and making sure that it’s a solid business
Opening up to new kinds of clientele like schools
Learning to be an entrepreneur through the power of relationship-building
Working with your competitors and helping each other grow
Why credibility and trust is the most important factor when it comes to convincing
Being innovative when it comes to offering bespoke experiences
Finding the right business partner at the right time
Why seeking help is so important
How investing in your skill and yourself is the best thing you can do
(10:31) - I had the idea. I was presented with this opportunity and then I really had to learn how to set up a business and how to be an entrepreneur. Because from my entire life, going to school, going to work, I was molded into being an employee who is successful. Who works for a bis business, big company, a bank. And that’s my path. That’s what I was told by everyone is what you do in life. And I just accepted that.
(13:40) - In a small business, you wear so many hats. And you have to explain that to people you hire.
(17:02) - I love it! Students are different prospects to adults. So as an adult, we have been molded a certain way, either by ourselves or by society, and it’s much harder for us to break that mold. Whereas a child or a young adult, they are still open. They are still learning. They are still trying to find in the world and see things. So to watch a student have this transformation with their teachers and friends on this journey is very rewarding.
(27: 14) - Gone are the days when people wanted to be sold to. Nowadays it’s all about sharing value. And that’s how we try to approach things.
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