Episode description
Tony Falkenstein is the founder and CEO of Just Water International Limited which is listed on the New Zealand Stock Exchange. As a serial entrepreneur who has launched over 50 businesses, Tony shares his tips on how he finds, validates and executes on his business ideas, his journey behind Just Water International Limited and how he teaches the next generation of business leaders.
Actionable Take-aways:
1. To find a good business idea, think about the 4Ps (Product, price, promotion and place). The more factors a business idea can satisfy, the better it is.
2. After you have found a business idea you are excited about, build a minimum viable product and test it in the market as soon as you can. Do not get emotionally attached with your business ideas. If they are not feasible, be objective and be prepared to walk away.
3. A subscription model helps build recurring revenue and cashflow for your business and is a great way to build and grow a business organically.
Connect with Ted on:
His Website at : www.tedteo.com
LinkedIn at: https://www.linkedin.com/in/ted-teo/
Instagram at: @ted.teo
Facebook at : https://www.facebook.com/groups/tedteo