Neville Joffe is world renowned for educating and mentoring business operators and entrepreneurs to understand the financial implications of their decisions. He is a passionate educator and mentor that will help you understand what is needed to achieve your financial freedom.
Entrepreneurial Role Models:
When business started difficulties overcame:
“I have started a few. But this last one because it was such a different type of business I think the main think that I went through, the main challenge was sticking with it when so many people said to me I am wasting my time, and also having so many no’s. I kept hearing no I don’t need this, no I don’t need to learn this. And just sticking with it because I knew given my experience that the reason why I turn that company around was not because of technical merit but because people learn to understand the financial implications of what they did. And I just knew there was a market for this. I wasn’t a solution trying to find a problem which many entrepreneurs do. I knew there was a problem out there but people didn’t know it. So sticking with this when hearing all negative stuff around me was the hardest part”…[Listen for More]
Favourite Books:
- The Goal: A Process of Ongoing Improvement Book by Eliyahu M. Goldratt
- The Oz Principle: Getting Results Through Individual and Organizational Accountability Book by Craig Hickman, Tom Smith and Roger Connors
- The 7 Habits of Highly Effective People: Powerful Lessons in Personal Change Book by Stephen R. Covey
- Quantum Leap Thinking: An Owner’s Guide to the Mind Book by James J Mapes
- Slicing Pie: Fund Your Company Without Funds Book by Mike Moyer
Favourite Quote:
“revenues are vanity, profits are sanity and cash flow is reality”
Recommended Online Resources:
Slicing Pie, The World’s Only Fair Startup Equity Calculator
Best Advice to Other Entrepreneurs:
“get financially literate and understand the financial score of your business activities. It doesn’t matter if you are a large business or a small business you have got to know what’s going on.”…[Listen for More]
More About Neville Joffe:
Bizwisdom Training & Consulting
Neil’s Quote at the Beginning:
“The new source of power is not money in the hands of a few, but information in the hands of many.”John Naisbitt
Other Quotes From the Chat with Neville Joffe:
- “entrepreneurs in my experience are less than 40% financially literate and people who fully understand the financial implications of what they are about of the decision that they are about to make, those that understand it they can prevent disaster or make prudent decisions will be way more successful than those entrepreneurs that don’t have a financial clue about what’s going on in their businesses”
- “I absolutely love what I do. People say what is your hobby? I say this is one of my hobbies, I have lots of them, but this is one of them. I Absolutely love what I do, I really do”
- “I tried to get everything perfect before going to market. And I believe that is a mistake that I made and I believe it’s a mistake that many entrepreneurs make, we look for perfection.”
- “We need to understand our shortcomings. Nobody is perfect at every role in an organisation and it took me many, many, many years to step back and say to myself where are the shortcomings in this? What needs to be done in this business and where are my limits? This is probably the hardest part I think is identifying ones only shortcomings and find the resources to fill that gap. That’s the hardest part for most entrepreneurs. Learning to let go and handing over responsibility to other people”
- “your process is only as strong as the weakest link”
- “you can have all the profits in the world but if you don’t have cash flow you are out of the game. So, I have always been paranoid about cash flow of my business”
Leave a Reply