Business Essentials

As the economy staggers from worldwide inflation, supply issues, the war in Ukraine and more besides, how is the Aussie stockmarket behaving? Investment expert and founder of Spotee Consulting, Elio D'Amato, says despite the turmoil things aren't that bad. In fact, we’re off to a surprisingly good start to the financial year, compared to a disappointing 2021-22. Also, Elio provides his 'stocks to watch'.

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Who’s the Goose to your Maverick? The person who’ll be there no matter how close you fly the plane to the control tower? A Goose is someone with whom you have mutual trust, someone who won’t try to fix the situation but just hear you out. Leanne Faulkner is a small business mental health advocate and the Founder of Fortitude at Work. She says that having someone listen without judgment is a fantastic way to care for our mental health as small business owners. She explains how a Goose differs from a business partner or mentor and where to find one.

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A business owner spends many years of long hours, hard work and sacrifice to build the business. After all that effort, how do they ensure they get the best price when they’re ready to move on and exit? Well, it mostly comes down to planning properly and avoiding costly mistakes. That’s according to Lawyer Joanna Oakey who details the selling process in her book, 'Buy, Grow, Exit: The Ultimate Guide to Using Business as a Wealth-Creation Vehicle’. She outlines some of the common sales mistakes business owners make.

Business Essentials Daily is produced by:

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Despite there being no changes to superannuation in this year’s federal Budget, it’s a good opportunity to think about your own super and – particularly SMSF members – to prepare your fund balances to manage tax today and for any possibly future changes. That’s according to tax specialist Michael Jones who discusses some of the current super items, including downsizer contributions, SMSF members’ overseas residency, and non-arms-length SMSF income and expenses.

Business Essentials Daily is produced by:

SoundCartel
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Since the lifting of lockdowns, the ideas around how we work and indeed why we work, have been thrown into question and rather than ‘The Great Resignation’ it’s actually the ‘Great Reshuffle’

Alita Harvey-Rodriguez, Managing Director of the MI Academy, an award-winning digital marketing and customer experience consultancy, has noticed five recurring themes that require business owners to shift focus in order to attract and keep staff in a candidate’s market.

Business Essentials Daily is produced by:

SoundCartel
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It’s not so much what you say, but how you say it – a good lesson for communication in general, and certainly when it comes to delivering a presentation. Dan Williams, Asia Pacific Business Coach for coaching network EOS Worldwide, suggests that people can receive the same presentation quite differently from each other. So to ensure you reach as much of the audience as possible, great content is important, but it’s also about delivering an experience.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
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The latest Working Capital Research report from American Express delivers some of the harsh realities, that people are really hurting out there.  Leanne Faulkner, small business mental health advocate and Founder of Fortitude at Work, says it’s important to understand the nuances of small business and not lump the issues into the same bucket as large businesses.

References:

Find out more about Leanne and her advocacy work, or for support services for you and your small business: 

• Leanne Faulkner - Founder & Small Business Mental Health Advocate – Fortitude at Work
• Beyond Blue – NewAccess for Small Business Owners
• Beyond Blue – Heads Up
• Australian Small Business Family Enterprise Ombudsman – My Business Health

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.

Many of us are so wrapped up in work, that we don’t have the space to think and breathe. That’s not good, not only for our physical and mental health, it doesn’t bode well for our businesses either. Productivity expert Donna McGeorge has five simple things you can do every day to give yourself more capacity, the benefits of which are often felt in the future.

Business Essentials Daily is produced by:

SoundCartel
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+61 3 9882 8333

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Your reputation is your most valuable intangible asset and critical to sustainable business success. That’s according to Ros Weadman, brand communication and reputation specialist and author of ‘Enhance your reputation: how to build a brand people want to work for, buy from and invest in’. Ros offers her BrandCred Method to building reputation: align your organisation’s culture (what it thinks), communications (what it says), customer experience (what it does), and citizenship (what it gives).

Business Essentials Daily is produced by:

SoundCartel
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+61 3 9882 8333

See omnystudio.com/listener for privacy information.

The performance of most people at work is influenced by the extent to which they feel acknowledged and appreciated. That’s the view of Karen Gately, CEO of Corporate Dojo, who explains what business owners and managers need to consider when implementing a reward and recognition program. She discusses alternative ways to recognise good behaviour – and it needn’t rely on a monetary reward.

Business Essentials Daily is produced by:

SoundCartel
soundcartel.com.au
+61 3 9882 8333

See omnystudio.com/listener for privacy information.