In this episode of The Real P3 Podcast, our host delves deep into an enriching conversation with Greg Pankhurst from Australia. Greg shares his remarkable journey, starting from his bold move to Indonesia in 1992 at the young age of 22 to manage a feedlot. With insights spanning over three decades, he discusses the challenges, triumphs, and invaluable lessons learned while establishing a successful business in a foreign land.
Key Learnings:
Journey and Challenges:
· Early Move and Adaptation: At 22, Greg moved to Indonesia to manage a feedlot. Faced initial hurdles such as cultural differences, financial crises, and navigating government regulations.
· Importance of a Local Partner: Stressed that having a trusted local business partner was crucial for overcoming obstacles and understanding the local market dynamics.
Significant Themes:
· Resilience and Positivity: Emphasized maintaining a positive outlook and resilience, even during financial downturns and challenging times.
· Building Relationships: Highlighted the crucial role of building strong personal and professional relationships to ensure business success.
· Delegation and Empowerment: Shared the importance of delegating tasks and giving employees a sense of ownership, fostering a motivated and loyal workforce.
· Learning from Others: Advocated for learning from successful individuals and incorporating their strategies into one's own business practices.
Cultural Experiences:
· Exploring Indonesia: Discussed his recent adventures across Indonesia, including visits to a prawn farm, a feedlot, and a rural chicken farm. These experiences showcased the rich cultural fabric and the hospitality of the Indonesian people.
Advice and Insights:
· Effective Planning: Stressed the need for meticulous planning and involving the right people in business endeavors.
· Empowerment and Incentives: Suggested incentivizing employees with ownership stakes to ensure dedication and shared success.
· Inclusivity in Business: Advised on the importance of including others in the business journey, thus cultivating a collaborative and committed team.
Join us on The Real P3 Podcast to hear Greg Pankhurst's inspiring tale of adaptation, innovation, and success in the face of adversity. Subscribe for more enlightening discussions with industry pioneers and experts, spanning diverse journeys and the wisdom they've amassed along the way. Stay tuned for future episodes filled with actionable insights and inspiring stories.
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