PART 2 - James Murphy from KereKere on building and then selling a for-purpose business.

Show Notes

@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

@kerrcapital