35 min listen
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)
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)
006: Grew to 5m customers in 5 years, their tech helps you create great video and ads easily - with 3 Founders to a team of 42 splayed across Australia, USA, Canada, Poland, England and Scotland after raising $3.4m investment (James MacGregor): How to manage very fast growth of a tech company with a very remote team by Grow A Small Business Podcast