How To Budget To Spend for Sustainable Growth – with guest Tim Amourous
Designed for Brokers, made by Brokers.
October 23, 2024
The LVR Podcast™ Episode #49 – How To Budget To Spend for Sustainable Growth
Written by Ruan Burger on October 23, 2024
We chat with Tim Amourous from Olleh Lending about the key steps to take when transitioning from a single-operator to a thriving multi-broker business.
In this episode of the LVR Podcast, hosts Ruan Burger and Marissa Schulze sit down with Tim Amourous, General Manager of Olleh Lending, to discuss how businesses can effectively budget for sustainable growth. Tim shares insights into Olleh Lending’s journey from a single-operator brokerage to a multifaceted business, diving deep into the importance of process discipline, team dynamics, and investing in long-term growth strategies.
Key Takeaways:
- Transitioning from a single broker to a multi-broker business requires leaders to adapt and focus on key roles.
- Tim emphasises the importance of sticking to processes and continuing to reinforce them, even when challenges arise.
- Growth often requires taking a step back financially before moving forward, investing not only in people but also in internal structures.
- Building out a diverse offering, including asset finance and commercial lending, has been crucial for Olleh Lending’s long-term goals.
- Tim shares how incorporating an advisory board has provided valuable external insights that contribute to Olleh Lending’s strategy and growth.
Listen to the full episode to learn how you can budget for growth in your brokerage and build a sustainable future.
Key Quotes:
“Growth isn’t just about finances and improving the bottom line. The journey we’ve been on might not be for everyone. There are plenty of successful brokers out there, individual operators with a couple of support making very good money, and they should stick doing exactly what they’re doing.” – Tim Amourous
“I love what you said about taking a step back before moving forward, because that’s what growth really looks like when you’re building a team and diversifying your services.” – Marissa Schulze
“When you talk about taking a step back before taking a step forward, I think that’s something every growing broker needs to understand—sometimes growth doesn’t happen without sacrifice.” – Ruan Burger
“I always challenge people who talk to me around growth, about what it is they’re actually looking to do… there was absolutely a conversation and clarity around the financial investment that was going to be required and clarity on my side that this would mean a step back before it made a step forward.” – Tim Amourous
“It’s really exciting to see how Olleh Lending has grown, and I think your journey provides a roadmap for brokers looking to transition from a single operator to a multi-broker business.” – Marissa Schulze
“I love how you’ve been able to bring people with you on this journey. It’s not just about asking people to follow, it’s about showing them a pathway that makes sense.” – Ruan Burger
“It’s about being disciplined on the process, sticking to the process, whatever that might be… and I heard a good saying a few years ago that about the time you as a leader get sick of saying it is about the time they start to get it.” – Tim Amourous
“Sticking to a process is easier said than done, and I think a lot of people hear about it but when you look at businesses that have grown like yours, you see how key it is.” – Ruan Burger
“One of the biggest challenges when business owners are transitioning is understanding that growth requires an investment—whether that’s in people or in finances.” – Marissa Schulze
THANK YOU TO OUR PRESENTERS: RUAN BURGER AND MARISSA SCHULZE
