Owner To Owner Podcast

Joe Formichella runs the small business banking team at Bendigo Bank, Australia's fifth-largest bank.Joe is a highly experienced, career business banker. He does an excellent job of outlining how best to deal with your bank, (even if it's not Bendigo :)).In these challenging times the keys are to;Communicate with your banker so they know how you personally as well as the business are going i.e. don't stick your head in the sandDemonstrate that you as an owner are pro-actively adapting your business e.g. by cutting unnecessary expenses  or finding new ways to produce and sell your product or serviceDemonstrate that you are using any spare time created by a slowing business to undertake planning to give your business the best chance of success. Your chances of securing the help you might need from your bank will be enhanced when it is clear you have a solid business plan and you as owner understand deeply how the business operates and where the future opportunities areSpecificallyJoe reinforced the need for a; Robust business planClear description of the purpose of a new loan or lending assistance when discussing finance with your bankDetailed summary of historical  financial performance and credible forecasts for your business to establish viability and serviceability. He noted however that given current challenges his bank, at least, understood that your current financial performance may be severely affected by uncontrollable, external influences and would take that into account in their assessmenthttps://www.bendigobank.com.au  Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

The indigenous business sector is growing fast and includes a wide range array of types and sizes of businesses. First Australians Capital is at the forefront, playing a leading role in helping startup and established businesses to fulfil their potential.This week we talk with Leah Armstrong (Managing Director) & Jane Pound (Executive Director) from www.firstaustralianscapital.orgOver the past four years FAC have worked with nearly 400 businesses across Australia, with a demonstrated track record that businesses supported by FAC report better resilience, stronger revenue growth, a blue-print for expansion and increased employment opportunities. In our discussion we cover;the exciting prospects ahead in #indigenousbusinessthe different ways FAC helps #Indigenousentrepreneurssome of the exciting #smallbusiness and #startups FAC are working withthe 65,000 years of ingenuity & sophisticated networked governance underpinning #indigbizhow non-indigenous can learn from indigenous businessthe opening up of new productive agricultural land from new #agventuresthe services and capital @firstaustralianscapital  can access for new #indigeneousbusinesses #sobahbeer #NGALI #Indigenousfashion  @blackduckfoods Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

@carlyflecknoe has been busy since moving to Halls Gap a few years back. With her husband she co-founded @dotandfrankie & @raccoltopizza. She headed up the Halls Gap music festival . Carly also spearheaded #madethegrampiansway to showcase the best products and produce in the region.  She's done this in collaboration with @thegrampians. The objective of the campaign is to draw consumers attention to and support local produce #buylocalShe loves being involved and is passionate about the place she lives in.In our discussion we cover;Jumping in 'boots & all'The change from a big city and a corporate job  to life in Halls Gap  with  a family and a few small businesses  to runHow #smallbusiness  is a pathway for other potential tree-changersHow #regionalbusinesses   are so vital to creating jobs and  learning and skill development opportunities for youth and young adultsHer favorite networking  groups @likemindedbitchesdrinkingwine and @ladystartupcreating your own #selfemploymentopportunities in #regionalaustralia, #treechange #jobcreationBrought to you by;@kerrcapital@smallbusinessmentoringservice  Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Business, and especially small business, is central to the ongoing sustainability and vitality of regional and rural communities. Getting it right requires a community-led, and 'whole of community' approach. Kerry Anderson www.kerryanderson.com.au  and @ruralentrepreneurs is an author, speaker, and facilitator. In 2018 she was named as one of Australia's Top 50 Regional Agents-for-Change. Her mission is to empower businesses, groups and communities to embrace change and take control of their own destiny.Kerry champions the critical role business plays in regional and rural communities. She encourages a 'whole of community' approach in dealing with local businesses as a better way to ensure long-term viability for everyone in the community.In this episode we talk about;why you shouldn't put all your business eggs in the big business basket! Or put another way, why encouraging a strong, local, #smallbusiness eco-system is  a better, less risky strategy for the communityher approach to helping communities take control of their destiny, from working with school students, local community groups, local government as well as #smallbusinesses  her current optimism for #smallbusiness in #regionalaustraliawhat she has learned from studying how local communities engage with their local #smallbusinesses in the USA how learned innovation (from overcoming past challenges) will continue to help businesses adaptthe pathway to #selfemployment in #ruralandregionalaustralia by buying an existing business or starting a new onewhy 'Entrepreneurship: It's Everybody's Business' the title of her 2016 book really sums it up   Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Joh Lyons @johblogs from Gippsland Social Enterprise Collective @gippsend talks about how #SocialEnterprise enable entrepreneurs to solve societal problems while creating sustainable jobs and businesses.Joh is based in Traralgon. She has a diversified professional career spanning teaching, running small businesses and being actively involved in the #socialenterprise, #notforprofit and #forpurpose sectors.In the episode we cover;Some of the successful social enterprises operating in the La Trobe ValleyConnecting purpose with businessCreating  your own job in the face of a difficult traditional employment marketThe opportunities for social entrepreneurs of all ages - from school leavers to baby boomersThe natural life cycle of social enterprises and how founders deal with that for the benefit of the businessThe need for succession planning for social enterprises Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Employee Ownership has many advantages that can result in greate business success. It's a major opportunity for both owners of SMEs and employees. Andrew Clements is a legal consultant in the global law firm  King & Wood, Mallesons and Chair, Employee Ownership Australia . He has over 30 years’ experience in relation to both the tax and legal issues associated with employee share schemes. He is also the current chair of Employee Ownership Australia (EOA). EOA is an independent not-for-profit member-based organisation promoting employee ownership in Australia. More recently Andrew appeared before the Parliamentary Inquiry into Employee Ownership Australia by the Tax and revenue committee.In this episode Andrew talks about;The use of employee ownership in both established and start-up businessesHow owners can use employee ownership;To improve business performance through greater employee engagement, collaboration, and a shared visionAs part of their planning to exit the business, either partially or totallyHow employees can benefitHow businesses using employee ownership are better placed to survive challenging business conditionsThe UK's experience with employee ownershipEmployee Ownership Australia has a wealth of resources on their site to help owners and employees.https://employeeownership.com.au/https://www.industry.gov.au/data-and-publications/staff-research-papers/the-performance-and-characteristics-of-australian-firms-with-employee-share-schemeshttps://employeeownership.co.uk/http://employeeownership.com.au/eoa/wp-content/uploads/2012/07/nuttall-report.pdf  Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Intellectual Property isn't just for big companies.  IP can make your small business more successful and more valuable.IP can be as simple as a logo, and as complex as a radical new manufacturing process.Rob PIerce is the CEO of Wrays International and an Intellectual Property (IP) expert. He breaks down IP into it's simplest form. He defines what IP is and explains why you need an IP strategy, just like you need one for marketing.A well-executed IP strategy can make a small business more profitable, more valuable and easier to sell, when the time comes. If you think you or your business has something special or unique,  or you're considering starting a new business based on a unique idea or process or business model then it's worth creating an IP strategy. And the key steps to get started on your IP strategy are;IdentifyCaptureProtectManagehttps://www.wrays.com.au/And remember to contact Wrays for a free half hour consultation. Tell them Michael and David from www.smallbusinessbanter.com sent you!https://www.ipaustralia.gov.au/understanding-iphttps://www.australianmade.com.au/ Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Small Business Mentoring Service (SBMS) has 180+ experienced mentors available to help small business owners. SBMS CEO, David Gregory provides a rundown on the low cost services offered and how to access them. SBMS  matches current business owners, in need of some expert advice or support, with 180 uniquely experienced business mentors who are a mix of retired and still active business owners and executives. SBMS  now has mentors in most states of Australia providing marketing, financial and planning advice to help;Start a businessGrow a businessRun a businesshttps://www.sbms.org.au/https://www.asbfeo.gov.au/ Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au 

Small business is harder than it has ever been. One disaster after another. Practical tips for surviving from an experienced mentor and past business owner.Anthony Turner from Small Business Mentoring Service co-authored **Are U Ready? Surviving Small Business Disaster ** a valuable resource for any small business owner in understanding the important steps that can be taken to protect their business from disaster.Anthony has experienced first hand the highs and lows of owning and running a small business. He has also mentored over one thousand other owners.  In this episode Anthony shares his personal wisdom and practical advice to help owners better deal with the up's and down's and we specifically discuss;1. Taking time in this current environment to re-evaluate your business  to ensure it is still relevant to your customers and to identify what needs to change2. The importance of financial budgeting and making sure owners understand what the business needs to deliver to support the owners lifestyle3. Why it's important for owners to reach out to customers, suppliers and some of the other large number of support services available, to look after their own mental health and wellbeing4. How owners can restructure their business operations to make it easier  to run and more profitable5. Anthony's experiences that led to him co-authoring the Victorian and National Resilience Australia Awards winning book - available herehttps://www.sbms.org.au/are-u-ready.html6. The potential opportunities that can arise from disasters7. Where owners can go for  further information (links below)https://www.sbms.org.au/free-resourceshttps://www.ato.gov.au/general/covid-19/https://www.business.vic.gov.au/coronavirus-covid-19/business-support/coronavirus-business-informationbb.org.au/SupportingSmallBusiness Thanks for listening.  Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.michael.kerr@kerrcapital.com.auwww.ownertoownerpodcast.com.au