In this episode, Warren Ingram and Pieter de Villiers explore goal setting at the start of the new year, unpacking why New Year’s resolutions so often fail and how social pressure can drive unrealistic expectations. They argue for focusing on fewer, well-defined goals that are specific, measurable, and achievable, rather than trying to change everything at once. The hosts introduce the SMART goal-setting framework and emphasize self-awareness, understanding the deeper “why” behind goals, and making small, incremental changes that compound over time, before previewing a follow-up episode focused on applying these principles to financial goals.


Takeaways

• Set one specific goal instead of multiple resolutions.
• Understand the deeper motivation behind your goals.
• Create systems to support your goal achievement.
• Incremental changes lead to significant improvements over time.
• Use the SMART framework for effective goal setting.

Learn more about how Curate Investments can help you here.

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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In this episode, Warren Ingram and Pieter de Villiers discuss the critical aspects of exiting a business, including preparation for sale, navigating the transition, and financial planning post-sale. They speak to the importance of understanding the emotional and financial implications of selling a business, as well as the need for proper valuation and tax considerations. The conversation also touches on the challenges entrepreneurs face in retirement and the necessity of adapting to a new financial landscape after selling a business.

Takeaways

• The exit is often the culmination of an entrepreneur's life work.
• Buyers are emotionally detached; focus on financials.
• Proper tax planning is crucial before selling a business.
• Understand the true value of your business before selling.
• Be clear about your role post-sale and expectations.
• Consider the emotional impact of selling on yourself and your team.
• Financial planning post-sale requires a different mindset.
• Investing after selling a business requires humility and learning.
• Seek professional advice for financial planning and investments.
• Don't hesitate to ask for help from fellow entrepreneurs.

Learn more about Prescient Investment Management here.

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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In today's episode, Warren Ingram and Pieter de Villiers discuss the critical stages of business maturity, focusing on key considerations for business owners as they transition from survival to sustainability. They cover essential topics such as key person risk, staff compensation, financial health, client engagement, hiring for culture, buy and sell agreements, and the importance of intentional business practices. Our hosts emphasize the need for entrepreneurs to invest in their people and culture, navigate challenges, and plan for the future, including estate planning and remuneration strategies for founders.

Takeaways

• You want to make sure at the very least you've got some company life assurance.
• You should have a history of paying good sufficient tax.
• Don't lose sight of talking to your clients.
• You want to be honest about what's going on.
• You need to be intentional about what you were doing.
• You need to listen to your employees.
• The challenges will always be there.
• You want that stuff written down.
• You should be very intentional now about the transition of ownership.

Learn more about how Curate Investments can help you here.

Send us a text

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod