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.
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Website: https://businessdepot.com.au/
Linkedin: https://www.linkedin.com/company/businessdepot/
Instagram: https://www.instagram.com/businessDEPOT
Youtube: https://www.youtube.com/@businessDEPOTgroup
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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