Can passion, perseverance, and strategic planning truly transform a career across vastly different fields? Join us as we uncover the remarkable journey of Teresa Jacobs, an ambitious business broker who transitioned from residential real estate to the challenging realms of commercial sales and accounting. Teresa shares her inspiring story of earning prestigious accountancy qualifications, and thriving in Tauranga's dynamic commercial property landscape. Her tale is one of resilience, adaptability, and a relentless pursuit of success, offering invaluable insights for those navigating their own career pivots.
Explore the emotional and financial complexities facing small business owners, especially when residential properties back their ventures. Teresa provides a deep dive into the intricacies of business brokering, emphasizing the crucial role experienced brokers play in negotiating deals and guiding entrepreneurs through turbulent times like economic downturns and personal crisis. We also examine the generational shift in business ownership, with younger entrepreneurs opting for experiences over traditional assets, and discuss the varying valuation multiples across New Zealand, Australia, and China.
Discover Teresa’s entrepreneurial ventures, from acquiring a Coffee News franchise to founding Calculate, a bookkeeping business. She shares her marketing strategies, the rewards of balancing business ownership with family life, and her vision for leveraging technology, such as smart glasses, to manage operations remotely. With an emphasis on preparation, financial prudence, and the importance of seeking professional advice, Teresa’s experiences offer a treasure trove of practical advice and inspiring stories for anyone aspiring to succeed in the multifaceted world of business.
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Taming the Ferrets is produced by ThePodHub.com (previously known as WTF! Productions) and presented by Tony Snow and Emil Verster, both serial entrepreneurs, open to learning, fun and informal, with a dash of high energy.
Discover Tony’s profile here and Emil’s profile here
Interested in starting your own podcast? It's easier than you think. Find out more at www.thepodhub.com
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Highlights:
00:52 - Taming the Ferrets
09:20 - Navigating Business Brokering and Transfers
21:41 - Family Business Succession Planning
26:02 - Building Multiple Business Enterprises
38:20 - Entrepreneurial Persistence and Preparation
43:35 - Business Ownership and Preparation
52:55 - Future Business Technology Discussion
Podcast References:
Teresa Jacobs LinkedIn
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