3 April 2023
Nurturing family through managing wealth, with Michael Aitken
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Overview:
In this refreshing and warm interview, Mike
Reflects on how Magus Wealth has changed in the four years since I last interviewed him, and why they transformed the business's philosophy.
Describes the changes they made in the company’s board and leadership team, and sheds light on some of the impacts that these changes had, especially on the company’s culture.
Gives an in-depth explanation into the purpose of Magus Wealth’s ‘Academy’.
Talks about some learnings from this period of change, including the advantages of being brave, being open minded, and having conviction in yourself and your company.
Shares an insight into how his business partnership with Dante Peters functions, and how their different skills and approaches complement each other.
Contemplates the structure and position of Magus Wealth now, relating it to the metaphor of a family.
Discusses the importance of company culture in shaping the future growth and longevity of a company.
Manifests his hopes and his visions for the next one, three, and 10 years of the business.
Passes on some key learnings for entrepreneurs in the early stages of starting up a business.
Michael Aitken
Founder and Chairman at Magus Wealth
Highlights:
1:32 - Our show’s sponsor, Magus Wealth.
4:38 - How Magus Wealth has changed.
9:06 - Impacts on company culture.
14:50 - The purpose of Magus Wealth’s ‘Academy’.
20:11 - Learnings from change.
27:56 - Insights into Mike’s business partnership with Dante Peters.
35:03 - How version one and two of Magus Wealth functioned.
40:58 - Relating Magus Wealth to the metaphor of a family.
44:15 - How culture shapes a company’s growth and longevity.
46:04 - Hopes and visions for Magus Wealth’s future.
53:40 - Key learnings for start-up entrepreneurs.