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In 12 years, from $800k to $21m in annual sales, then sold the pharmacy, all after he was kicked out of university (Matthew Will)

In 12 years, from $800k to $21m in annual sales, then sold the pharmacy, all after he was kicked out of university (Matthew Will)

FromGrow A Small Business Podcast


In 12 years, from $800k to $21m in annual sales, then sold the pharmacy, all after he was kicked out of university (Matthew Will)

FromGrow A Small Business Podcast

ratings:
Length:
35 minutes
Released:
Jan 12, 2020
Format:
Podcast episode

Description

In a humble interview Matthew shares how he was kicked out of university, after some time off in the Tasmanian wilderness got back then took 6.5 years to complete a four year degree to become a pharmacist. In 2005 he started working in a pharmacy in Launceston, Tasmania and soon after was invited to buy-in. Taking on considerable personal debt to do so, Matthew and his three business partners then grew the pharmacy from $800k to $21m in annual sales with 25 team members, before selling out in 2017.  This cast covers: how leveraging expert coaches and advisors added millions in value to the business; the old chestnut of a small business owner finding it hard to delegate early-on, then wakes up; how to pivot and tackle a fierce, savvy, new competitor entering your market; the importance of continual learning - keeping your own professional development up; using mentors and your own informal network to seek advice from; why knowing your numbers, and only a handful, to truly monitor are key to growth; one thing they would do differently if they were selling again; and staying focused and positive is crucial during such phenomenal fast growth. Music from https://filmmusic.io "Cold Funk" by Kevin MacLeod (https://incompetech.com). License: CC BY (http://creativecommons.org/licenses/by/4.0/)    
Released:
Jan 12, 2020
Format:
Podcast episode

Titles in the series (100)

Our weekly 30 minute podcast helps you, a small business owner with 5 to 30 team members, take your company to the next level. The Grow A Small Business community, weekly cast, blog and leadership email supports leaders get through the pain of growth. With insights, lessons learned, books and tools as well as habits these experienced small business owners suggest you develop, our interviews unearth tremendous value for anyone wanting to grow their business with less stress.