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$50 Million Revenue & 400,000 Members in 6 Years, The Vinomofo Story | #AskJackD 196

In this episode I’m joined by Justin Dry, Founder of one of Australia’s fastest growing businesses, Vinomofo. Launched in April 2011 from a garage in Adelaide, Vinomofo has grown quickly and profitably to a run rate of more than $50m revenue, 400,000 plus members, and a team of 100.

Together Justin and I take questions on cashflow, branding and the early hard days in business.

2:28 – Hey Jack wondering what your advice would be around the biz growing faster than cashflow is allowing? What would you do? Or what have you done?

7:54 – is firing more important than hiring. Or both? Hearing a lot of talk about “just give them a go if it feels good” but sort the firing out if they don’t turn out right for you?

11:55 – What’s your view on individuals having a backup option that provides a margin of safety?

14:22 – Just wondering – what are the top lessons you learned from the early “hard” days in business?

21:49 – How do you stay aligned to your values while working towards personal and business success?

25:00 – I’m dedicated to creating my own success. I have a passion for fitness. Question, is it better to CREATE a brand ( eg. Apple) or BE the brand? (eg. Lorna Jane)?

28:30 – How can you have a long term operational plan when changes in industry are so quickly?

Do you have a question? Send it through via InstagramFacebookSnapchat or Twitter. Remember to use the hashtag #AskJackD and I’ll answer it for you.

About Jack Delosa


Jack Delosa is an entrepreneur and investor who is changing education. He is the founder and CEO of Australia’s largest education institution for entrepreneurs, The Entourage. He is also an investor in growth companies such as Q-Biotics, Martin Jet Pack (ASX:MJP) and eMerchants (ASX:EML), and founded The Entourage Growth Fund, which invests in upstart businesses. He is one of Australia’s leading entrepreneurs, having been listed in the BRW Young Rich List since 2014.

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