Australian Business Podcast Secrets to actually scaling a business for bigger profits
So, you want to get big huh?
But did you know, it's really difficult to grow AND get more profitable?
It's called "scaling" and it's the topic of the show this week.
In this Australian Business Podcast episode, your host Owen Rask speaks with expert accountants Jordan Kidis and Danil Goloubev about how to scale a business, financially and operationally.
- Define working capital - not every business has the same needs/requirements
- Example - tradie
- Example - online business
- Have a plan, goals, objectives
- Building a strong team
- Senior v junior hires
- Unicorns v good people
- Incentives matter! - "tell me where I'm going to die and I won't go there"
- Improving operational efficiency
- Increasing average client value
- Investing in technology and automating
- Monitor, assess, then re-evaluate
- Know when to pull the pin on a strategy that does not work
Australian Business Podcast resources
- Owen Rask’s free business course
- Ask a question
- Get a business health check from Grey space
- Traction book
- Owen's Brett Kelly interview
This Australian Business Podcast Episode is for founders, business owners and investors in private companies.
Join 2,300+ students in our free business course!
If you liked this episode, don’t forget to consider taking our free business course and tuning into the Australian Business Podcast episode one, in which I shared my journey.
Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify.
If you want to help me out with the course, right now the best thing you can do is subscribe and review this podcast in Apple or Spotify. Please use the “Ask a question” menu link on the Rask websites, or leave your questions in the Apple Reviews.
✅ Grey Space Advisory – accounting today for a smarter tomorrow
Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.
Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank set-up, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! Book a $99 business health check with the Grey Space Advisory team and tell them Owen sent you.
☕️ Rumble Coffee Roasters — our OG sponsor & coffee genius!
Rumble Coffee Roasters is dedicated to helping you drink better coffee. Knock-out blends, world-class single origins, bold espressos and flavour-filled filter roasts. Rumble Coffee prides itself on personal relationships with producers and customers alike. Tell them Rask sent you.
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The information on this website and in our podcasts is general financial and tax information only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser or tax agent.
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