Business Essentials

It takes resilience and consistency  for a business to survive and grow, according to Michael Fingland, CEO of Vantage Performance. Michael and his team have spent decades turning around struggling businesses, culminating in an eight-pillar strategy to ensure they can continue to function and thrive. Michael explains each pillar in detail, with a particular emphasis on discipline, accountability, and a strong sense of purpose toward building resilience.

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There are four ways small businesses can benefit from a hit of growth capital. Anthony Healy, CEO and MD of the Australian Business Growth Fund, says swapping a minority share of your business for a large injection of capital can help SMEs accelerate their growth, open new business opportunities, free up resources and provide additional expertise and access to new networks.

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Technology changes quickly, so what is in store for small businesses in the future? The CEO of the Council of Small Business Organisations Australia (COSBOA), Luke Achterstraat, says there are vast opportunities and challenges awaiting small businesses in the realms of artificial intelligence and cybersecurity. From leveraging AI for streamlined operations and boosting productivity to fortifying cyber resilience through education and response strategies, Luke offers valuable insights and practical advice to equip small businesses for success in the digital revolution.

Business Essentials Daily is produced by:

SoundCartel
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Do you know what you really stand for? Perhaps you’re too busy running your business to ask such deep-seated personal questions. But delve deep you must! says John Di Natale, mentor, keynote speaker and author, because these days it’s more important than ever to consider what you represent. It’s all part of personal branding, he says, it’s important for business, and by the way, it’s not just about you anymore anyway – now the whole team needs to get involved.

Business Essentials Daily is produced by:

SoundCartel
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In 1982, Jim Penman was earning a PhD in history while mowing lawns on the side. It was the beginnings of Jim’s Mowing. Not only did he franchise the business, but has since created multiple franchises, including Jim’s Cleaning, Jim’s Dog Wash and Jim’s Fencing. You could say that he has made history, because today he’s the CEO of Australia’s largest franchise group, Jim’s Group, with more than 5000 franchisees. He explains what has led to his success and how he’s a long way from slowing down.

Business Essentials Daily is produced by:

SoundCartel
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Despite consumers being highly discretionary with their spending, they’re still willing to splurge on themselves from time to time. That’s according to Alistair Leathwood, APAC Head of Analytics, Insights and Media at Circana, a leading advisor on the complexities of consumer behaviour. Alistair outlines other consumer trends, including a focus on ‘good value’ for products and services. Artificial intelligence, he says, offers opportunities for businesses in driving efficiencies, marketing, analytics, and research and development.

Business Essentials Daily is produced by:

SoundCartel
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A. Raptis & Sons is your quintessential migrant-family business success story. In the 1950s, Arthur and Anna Raptis migrated from a Greek fishing village to South Australia, where they opened a fish and chip shop, with a wholesale fish area at the back. Three generations later, Arty Raptis, Arthur Senior’s grandson, is CEO of a multi-million-dollar enterprise with a fleet of boats fishing for seafood from the Torres Strait to the Great Australian Bight. It’s one of the country’s largest privately-owned fishing companies. Arty explains the pillars of the business’s success: a focus on premium quality seafood, embracing technology, environmentally responsible fishing practices, and staying true to its family roots.

Business Essentials Daily is produced by:

SoundCartel
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Has growing your customer base stalled? Are you struggling to attract people to your website? Or maybe you have a tonne of online visitors but they’re just not buying. Whatever the case,  it’s time to check for bottlenecks. Amy Miocevich, marketing guru and Founder of Lumos Marketing, has developed a framework, outlined in her book, ‘The Very Good Marketing Guide: How to Grow Your Business on a Budget’. She explains the guide and the importance of the 5 Cs that underpin a great marketing strategy.

Business Essentials Daily is produced by:

SoundCartel
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How healthy, or unwell, is the small business sector? Luke Achterstraat, CEO of the Council of Small Business Organisations Australia (COSBOA), discusses the complexities of economic uncertainty, regulatory changes, and the growing threat of cyber-attacks, and provides valuable perspective on the challenges ahead. He talks about the need to understand the resilience of small businesses amidst a massive increase in insolvencies and offers practical advice on accessing support and resources.

Business Essentials Daily is produced by:

SoundCartel
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A great team is one that can collaborate. But collaboration doesn't always happen naturally – it requires active effort and commitment from all team members. Professor Martin Bean discusses his ACL framework – align, collaborate, learn – which provides a roadmap for effective teamwork and decision-making. It’s outlined in his new book, ‘Toolkit for Turbulence: The mindset and methods that leaders need to turn adversity to advantage’, co-authored with sports psychologist Graham Winter.

Reference:

Order a copy of ‘Toolkit for Turbulence’ by Professor Martin Bean, here.

Business Essentials Daily is produced by:

SoundCartel
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