20 Lessons Over 20 Years

Over the past 20 years, Raizcorp CEO Allon Raiz has learned many tough lessons and overcome many entrepreneurial challenges. He has also had the privilege of learning from the journeys of over 13 500 entrepreneurs who have passed through Raizcorp. In this podcast series, Allon shares 20 of the most important lessons he has learned which he wishes he had known before starting his journey. Using a sequence that mirrors the typical stages of the entrepreneurial journey from ideation through to scaling a business, Allon talks us through these lessons.

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Lack of financial understanding

SERIES 9 • Episode 7

In episode 7 of 20 Lessons Over 20 Years, Allon Raiz discusses how too many entrepreneurs hand over the responsibility of their finances to an external accountant and, in effect, abdicate their responsibility when it comes to their business numbers. It is a trap that he, too, fell into when starting his entrepreneurial journey – right up until he ran out of money! The bank wouldn’t extend his overdraft, and his investors wouldn’t provide more funding. Only when he learned to embrace his finances was he able to turn things around.

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