Owner To Owner Podcast PART 2 - James Murphy from KereKere on building and then selling a for-purpose business.
@JamesMurphy from @kerekere is a #social and #businessentrepreneur. At a young age, he moved over to #Fiji. The @kerekere brand was formed based on a Fijian #custom in which a relative or a neighbor can request something and it must be willingly given with no expectation of repayment.
He has a track record of building businesses with a social bent. Under the @kerekere brand he has built and successfully sold 2 of those businesses. We chat about the process of #preparingforsale and then undertaking a #businesssale.
He grew up in a #familybusiness #smallbusiness environment. Both grandparents had businesses, one an electrical contractor and the other owned a #servicestation. Even from an early age they always talked to him about #values, #valuesinbusiness and the nuances of #competition and #collaboration.
Our discussion covers;
- #smallbusiness
- deciding that being an accountant (like father and two uncles) was not the path, and instead becoming a #socialworker
- #startingup and progressing from a #coffeecart to a #coffeekiosk to a 'proper' business at the #BoydCommunityHub
- #KereKereSouth and #KereKereGreen
- what's needed to run a business #udermanagement
- his two pieces of advice in terms of selling;
- you just got to transact regularly, because you never know sort of what's around the corner
- once you start thinking, it's probably time to sell
- being #purposedriven
- the reality of getting close to #burnout and losing some of the original enthusiasm
- how #purpose was a strength in the #sellingprocess
- getting #saleready for someone to knock on the door and actually getting out to find that ideal buyer
- making sure you leave something in for the person who buys the business.
- the early days of making 1000 coffees a day
- why business is very personal and turning transactions into relationships
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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.
michael.kerr@kerrcapital.com.au
www.ownertoownerpodcast.com.au