Description

In this episode of the Dream Huge podcast, Pete interviews Jeremy Lessaris, a serial entrepreneur who has built and sold multiple tech companies. Jeremy shares his journey in entrepreneurship, the importance of mentorship, and the challenges small businesses face in managing finances. He introduces his company, Verifee, which helps businesses reduce costs by negotiating better rates with vendors. The conversation highlights the complexities of credit card processing fees, the hidden costs of cash, and the need for transparency in financial services. Jeremy emphasizes the importance of cost reduction for small businesses and encourages listeners to take control of their financial management.

Takeaways

• Entrepreneurship is a journey filled with ups and downs.
• Mentorship can help navigate the challenges of starting a business.
• Small businesses need to be vigilant about their finances.
• Credit card processing fees can significantly impact profits.
• Cost reduction should be a priority for all businesses.
• Transparency in financial services is crucial for small business owners.
• Negotiating with vendors can lead to significant savings.
• Understanding the cost of cash is essential for financial management.
• The financial landscape is complicated, making it hard for small businesses to thrive.
• Taking a proactive approach to expenses can lead to better financial health.