Discover how John Knight the founder and managing director of BusinessDepot help business owners navigate the challenges of entrepreneurship with genuine insight and support. John shared his journey from growing up in a family business to founding Business Depot, highlighting the importance of sustainable growth over simply chasing expansion. His heartfelt desire to help others comes through as he offers practical advice for tackling today’s economic hurdles, emphasizing the value of self-awareness and reviewing expenses. Passionate about connecting with fellow business owners, John also discusses the role of technology and automation in making work more efficient. On a personal note, he reflects on the lessons about wealth he shares with his children, underscoring the importance of balancing work and life.

About our guest:

John Knight is the visionary behind businessDEPOT, where he currently drives strategy, growth, and overall group management. As an accomplished accountant, he combines his extensive skills and experience in business strategy to provide unique services to his clients. Leading the business advisory team, John presents at conferences, facilitates workshops, consults on specialized projects, and offers one-on-one coaching. With a solid background in business valuation, he oversees all valuations while focusing on helping business owners enhance their value rather than just delivering reports. Additionally, John delivers tax advice, designs management reporting systems, manages projects, and oversees cloud system migrations with his team. He is particularly recognized in the real estate sector as a leading advisor, guiding businesses on profitability, strategy, growth, accounting processes, tax, and succession planning.

Follow Our Guest:

Website: https://businessdepot.com.au/

Linkedin: https://www.linkedin.com/company/businessdepot/

Instagram: https://www.instagram.com/businessDEPOT

Youtube: https://www.youtube.com/@businessDEPOTgroup

Follow Us On:

Instagram: https://www.instagram.com/thestevehodgson/

https://www.instagram.com/sharewithsteve/

Episode Highlights:

00:00 - Episode Trailer

01:58 - John's Journey and Background

06:27 - The Role of Communication in Business

08:28 - Tips for Struggling Businesses

10:51 - Key Challenges in Today's Business Climate

12:29 - Understanding Break-Even Points

13:43 - Reviewing Business Expenses

17:44 - Mapping Out Your Growth Journey

22:11 - Business Depot's Vision and Services

24:34 - Maintaining Culture Across Different Business Arms

28:36 - The Need for Process Automation in Service Industries

32:55 - Teaching Kids About Wealth and Money

36:45 - Defining Success Over Time

42:25 - Legacy and Impact on Others

44:31 - Steve's Next Horizon