Change Wired

Angela Shurina

Allon Raiz: 5 reasons founders fail. The stories, insights and lessons from sleeping on the streets to 500+ backed businesses.

NOV 2, 202660 MIN

Description

What if the reason most businesses fail has little to do with the market, and everything to do with how founders think and manage themselves? At 23, Allon Raiz slept on Durban beachfront for 13 nights. Weeks later, a billionaire offered to back him in any business he chose. His first venture failed. What he learnt from that failure became the foundation of Raizcorp, Africa's leading business incubator, which supports 500+ businesses. In this episode, we cover: • Why Allon doesn't call himself successful, and why the climb is the point • His Letter from the Future, written every year, 5 years ahead • "I May, I Can, I Will, I Am": the morning shower ritual he's kept for 30+ years • His 24-hour rule for failure, and why he works twice as hard after a win • The 4 W's: a no-blame process for fixing what went wrong • 5 main reasons entrepreneurs fail, from mispricing to not asking the right questions • "Change your title and do it yourself": why you must own your numbers • How to become the most unimportant person in your business: delegate, don't abdicate • Delusion vs Ambition: how to set big goals you can actually reach About Allon Raiz Allon is the founder and CEO of Raizcorp, which The Economist has called the only genuine incubator in Africa. He's a best-selling author of three books on entrepreneurship, hosted The Big Small Business Show for 16 years, was named a World Economic Forum Young Global Leader, has spoken at Davos, served as Entrepreneur-in-Residence at Oxford's Saïd Business School. Connect with Allon and his work Raizcorp: https://raizcorp.com Flowcode (strategy platform): https://flowcode.co.za Partner Elite (investments): https://partnerelites.co.za Or Whatsapp up me Text Me Your Thoughts and Ideas Support the show Brought to you by Angela Shurina   Certified Master Health, Sleep, Recovery, High Performance & Self-Actualization Coach with 18 years of global experience helping builders, striver and leaders to make their second chapter the best chapter and unlock their full potential for more positive impact. Feel well - Think well - Do well - Live well Weekly Newsletter. 4 Tips to Unlock Your Best. Body - Mind - Systems - Why.