STRAIGHT TALK: STARTING AND SELLING BUSINESS
Written on the 30 August 2016 by Laura Daquino
INVESTOR, entrepreneur and managing director of a private investment business, Jason Titman, has helped start and sell a number of hospitality businesses.
How do you assess new business opportunities?
My core philosophy to investment is to approach business opportunities like a master card player approaches their craft. It's important to know when to 'hold them and when to fold them'.
You have started and exited many ventures. Do you always enter business with a clear exit plan in mind?
I firmly believe in having a clearly defined exit plan, and only going into business opportunities with that clearly in mind. I always ask myself: Why am I getting into this business? Is it for lifestyle, to make the world a better place, or to make a significant financial return?
What should be the number one priority for any entrepreneur?
Most accountants don't make great entrepreneurs. However, most entrepreneurs don't end up being as successful as they could have been because they don't manage their numbers along the way.