Do you feel like your days are spent running from one thing to another and never getting anything done? Do you look at those 5 and 10 minute gaps between speaking to this client and invoicing that client and picking the kids up from school and think, “That’s not enough time to do anything, why […]
What is revenue and why is it so important? Let’s start with looking at profit. Profit is the outcome; the end result. It’s quite simply what’s left over from your revenue when you deduct your expenses. Profit is the final score. Just looking at the final result and saying how much you want it to increase won’t make any […]
How do you determine what your business strategy and plan should be? How do you identify what your successful business should look like? What goals and targets should you set for your business this year? The first question you should be asking is ‘why?’ Asking ‘Why’? Has become a key process for business owners, made […]
Did you know there are many grants and incentives to help fund early stage innovation companies? And small and medium businesses can access them – they are not just for the large companies. Peter Towers from ESS BizTools explains what opportunities are available around research and development. Find out about the application process and steps […]
Planning for your retirement? Or do you look at retirement as something to think of ‘down the track’? Many business owners don’t plan properly for their retirement. And many rely on selling their business to fund their retirement. But will that provide the lifestyle that you’ve been dreaming of? Find out what else you should […]
Is your business losing profits to expensive and unnecessary FX conversions? These costs are often ‘hidden’ but can go up to 5% each time you bring money back, or pay global expenses. In this episode we talk to Henry Broad from Airwallex who have developed a solution to this problem. Essentially, Airwallex provide a cheaper […]
We hope you got some inspiration from last week’s ‘kick-start your business’ podcast. We have another dose ready for you this week on The Business Behind Your Business. While we have all been experiencing many challenges over the past couple of years, we want to see businesses flourishing, despite the bumpy road. That is why we […]
Have you been reflecting on your business over the holidays? Maybe you have found some things that aren’t working well, things that you want to do differently. Or perhaps you aren’t even sure where to start. Don’t worry, we have some inspiration to help you kick-start your business this year. Paul Sweeney shares some of […]
Raj Nathoo from Keystone Active Learning explores how your business can manage change in this constantly evolving business environment. It all starts with your personal mindset. Raj discusses why it’s important to reduce negative thoughts and stop punishing or blaming yourself for circumstances beyond your control. You need to accept change as being inevitable – […]
Why is documenting your business systems important? Mitch Kenny from Maus Software explores the benefits around having your business processes documented. Some of the benefits include: Less reliance on a single business owner/manager Opportunities for scale and growth Improved overall efficiency Mitch discusses barriers that often prevent business owners from documenting their systems. The myths […]
Technology is wonderful for business, make no mistake. It helps you deliver a more efficient, consistent and effective outcome. For instance, using technology to improve efficiency with compliance and administrative activities gives you more time and resources to apply to value-producing activities like marketing and sales. But we can also fall into the trap of […]
How will your business be affected by the events happening in the domestic and global economies? What can you do to prepare your business to take advantage of the opportunities and minimize risk from adverse conditions? Jim Mills from Merit Planning Hills talks about what is happening in the markets and in the economy and […]
Are you curious about starting a business? Do you want to learn more about the SaaS industry? Maybe you are interested in becoming an entrepreneur yourself? Listen in and gain some insight from our special guest, Stuart McLeod, co-founder of Karbon. Stuart has had many experiences as an entrepreneur. He started off in his early […]
The Melissa Caddick Ponzi scheme rocked the investment world when it came to light a couple of years ago. Unfortunately, this kind of fraudulent behaviour is nothing new or unusual and we all need to guard against it. Our special guest, Bruce Gleeson (Jones Partners), is the liquidator for Melissa Caddick and has been very […]
If you have a business in Australia, you may have noticed that lately the Australian Tax Office (ATO) is putting a lot of effort into recovering debt from businesses. This is because over the last few years, debt collection had been halted due to Covid and its many issues like lockdowns. We are joined by […]
The end of the financial year is swiftly approaching – so what does that mean for you as a business owner? What activities do you need to do to set your business up for the best start in the new financial year? There are two types of essential business planning that you should be doing […]
We are joined by our special guest, The Honourable Bruce Billson, the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). Bruce explains the role of ASBFEO and the different programs and services available to assist small businesses. Helping small businesses with dispute resolution A policy and advocacy space to help small businesses deal with governments […]
As a small business owner, have you ever thought about doing business with large companies and decided it was never going to happen because it was just ‘too hard’ or the differences between your business and theirs were just too great? Find out how to successfully bridge the gap between small businesses and larger businesses. […]
We are joined by Anna Ruth from Freedom for Humanity for an eye-opening chat about modern slavery. Freedom for Humanity is an organisation committed to creating a world where human rights are upheld, and all individuals can flourish and thrive. In this conversation we delve into Anna’s profound insights, her passion for human rights, and […]
More conversations to help your business grow and thrive We hosted The Business Behind Your Business Meet Up – a fun celebration for our podcast community. All of our podcast guests and listeners have been a special part of our podcast and we wanted to say thank you, plus hear from everyone about their business […]
One of the biggest issues for business owners is managing cash flow. Healthy cash flow is crucial for the success of any business. Cash flow is a term that is often confused with profit. Business owners often say, “My business is busy and profitable, so why don’t I have any money in the bank?” Find […]
We hosted The Business Behind Your Business Meet Up – a fun celebration for our podcast community. All of our podcast guests and listeners have been a special part of our podcast and we wanted to say thank you, plus hear from everyone about their business journeys. It was a great opportunity to network and […]
Business owners – here’s an important question to ask yourselves, “Do my customers actually know what I do for them?” We are joined again by Nathan Williams (Customer Return) to look at this crucial issue – and how the use of storytelling can help bridge the gap in understanding and build your relationship. You can […]
Knowing your business and providing amazing products or services is only part of running a successful venture. Another crucial aspect of business success is building positive relationships. From fostering business-to-business ties, to encouraging return customers, to keeping fantastic staff – how you manage relationships is integral to your business. We are joined by Jason Owen, […]
Events have long been a go-to strategy for businesses aiming to showcase their products or services. However, it’s not uncommon for these efforts to fall flat despite the considerable investments of time, effort, and money. In this episode we address the questions of: How can we turn the tide and make our events successful? How […]
In general, small businesses are not healthy. Here are some alarming statistics – Australian Small Business and Family Enterprises Ombudsman (ASBFEO) has found that 49% of small business owners make less than average wages, and two out of 5 micro and small businesses are not profitable. Interestingly, there are also businesses who are thriving in […]
What can you do to give yourself the best chance of success in your business? Following on from our last episode on business health checks, Paul Sweeney shares the 7 steps you need to take to create some positive changes in your business. What kinds of outcomes can you expect? Your business will be more […]
One of the accepted risks of running a business is being audited by the tax department. Nowadays, there are multiple government agencies that you and your business may need to deal with, apart from just the Australian Tax Office and possible income tax audits. With increased data sharing between government organisations, it has become much […]
What do you need to consider when choosing an accountant for your business? It’s an important decision – getting the right accountant for your needs can help you build a profitable and healthy business. Here are some key factors to consider: What services does your business need? What are your values? What are the qualifications […]
The 2023 calendar year has drawn to a close. For many, it was still a year of hangover effects from covid and poorer economic conditions. For many others, it was a year of substantial growth and increased profits. So what set those businesses apart? In this episode, our host Paul Sweeney reflects on some of […]
The Business Behind Your Business has had some incredible guests over the past year. I have been lucky enough to interview people from many different industries and share their stories and insights with our podcast audience.
What are your business and personal goals for the year? What plans have you made? How will you implement these plans? How will you assess if your goals are being met? If these questions leave you feeling overwhelmed, never fear! It’s NEVER too late to make a business plan. Find out the benefits of making […]
If you watched our last episode, you will have learned that it is never too late to make a business plan. You can also download our Simple Business Plan Template to get started. In this episode, we look at some of the common mistakes business owners make when creating and using business plans. So look out for […]
In this episode we’ll be exploring the transformative power of Three-Way Forecasting and how it can revolutionize your approach to financial planning and decision-making. Understanding Three-Way Forecasting: What exactly is Three-Way Forecasting? We break down this concept into digestible pieces, explaining how it integrates income statements, balance sheets, and cash flow statements. Learn why this […]
Does your business struggle with a constant turnover in employees? This is an issue for many businesses and the cost of hiring and onboarding new employees is high. Or perhaps you have some amazing employees and you want to learn more about how to retain them? We are joined by Paul Cripps from PK People […]
As a small business owner, do you fall back on your business credit card for everything? While using these credit cards is very popular, it’s important to recognise when there are better solutions. We are joined by Jason Smith (Capital Plus Finance) for a frank discussion on how credit cards can be misused by businesses, […]
