#72 Ben McHarg - Co-Founder of Life-Space Group

In this episode, I interview Ben McHarg, co-founder of Life-Space Group. As the managing director of the family-owned business, Ben helped drive the strategic direction of the company to owning their own brands. This strategy ultimately led to the rapid growth that saw the business sold to supplement giant By-Health for $700 million in 2018.

Throughout the episode, Ben speaks about the importance of being ready to fully embrace opportunities when they arise. Ben takes us through the rapid growth of the company and how the business went to a whole new level. He also explains why grit and resilience are the key attributes he looks for in founders when investing in companies.

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Chapters

• 0:00 Highlight Clip
• 0:55 Introduction
• 2:23 Ben McHarg Introduction and Company Background
• 3:47 Was Ben McHarg Always Entrepreneurial?
• 8:00 When did the Life Space Probiotics Brand First Begin
• 9:52 How Ben McHarg Grew the Life Space Probiotics Brand to sell it for $700 million
• 17:45 Why Sourcing Raw Materials was the Most Difficult Part of the Business
• 18:51 When Did it Become Clear to Ben McHarg that Exiting the Business was the Right Decision?
• 23:53 How Ben McHarg Coped Post Exit
• 27:55 What's Next for Ben McHarg and His Latest Venture into Investing
• 33:28 The Traits Ben Looks for In Successful Founders
• 39:30 The Biggest Lesson Ben McHarg Learnt Through his Business Journey
• 40:43 What Inspires Ben McHarg in Business
• 41:57 Ben McHarg's Passion for Retro Video Games and His Favourite of All Time
• 43:22 Outtro