Owner To Owner Podcast

@FrancisLoughran generously shares his personal journey founding @FutureFood and then making the decision to move on from the business after more than 30 years. He started by spotting a market gap and then combined a passion for his work and industry with a lot of hard work to start FutureFood,  a pioneering #foodandbeverage #consultancy. In our discussion we cover;The process of #businessbuilding and #exitplanning in preparation for leavingTurning your passion into your own businessThe #businessoffood and the development of Future FoodHow Future Food was developed to meet the demands of Australia’s rapidly growing #tourismindustry How important food and beverage has become as a key revenue stream in diverse industries including #aviation #education #sportsWhat is involved in taking a business from #australia to the #internationalstageMaking the decision to leave the business you foundedStarting to think about about next stepsThe importance of having open discussion during the process of leaving your businessWhat advisors and other business professionals were involved in moving on from his business 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 

@GeoffHetherington from @EliteBusinessInstitute teaches #businessowners how to build their business around their life so they stop feeling like an employee and live on their terms, make more money, have more fun & spend more time with those that matter most.Inspired by childhood family friends he outlines in this episode the case for taking your #retirement early and in instalments (i.e. not waiting and assuming you'll get to the end of a linear #careerpath or #businessownership and assuming/hoping you'll still be able to enjoy it!).  The retirement in installments story was based on a family he knew. They would go in and buy a #milkbar, and then work virtually seven days a week for two years, bank as much money as they could, and then sell anywhere from two to three years later before then having an extended overseas adventure and buying the next milk bar. This family didn't follow the well travelled linear pathway (taught all the way from primary school) to "go to high school. If you get lucky, go to Uni, but whatever, get a job, work for 40 years, retire, happy days."More and more people are aware of the fact that waking up tomorrow is really not a given. We don't know what's going to happen.  We chatted about;getting your business to work for youthe three levels;Detangle - get people very clear on where they come from, where they are, where they want to get to, and what areas of their business need the most urgent work onDesigning - designing their business, so it sits around the outside of their life instead of their life being around their businessDominate - dominate their market place and put together the next strategy.#worklifeseparationwhy #worklifebalance as a concept doesn't workwhy 'pretending' you're going to #sellyourbusiness in 3 months (whether you really intend to or not) can make your business more efficient and effectivewhy it's so important to ask yourself a fundamental question - "How much is enough?misalignment of personal and business goals why you should cascade from your personal and professional goals down to your business goals, down to your #KPIsIt's really about clarity. I mean, the first thing I try to help my clients do is stop defining themselves by the work they do.They define themselves by the work they do. I try to say, "Well, define yourself outside that, if you stop work tomorrow, who would you be?" That's a really challenging thing to do. A lot of people don't do it, but it's still something I asked them to consider@theEMyth 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 

Matt Davis, Jayne (his  wife) and daughter left Paris to buy a book shop in Queenscliff Victoria  @BookshopatQueenscliff  It was a hell of a move! Matt shares the background on why coming back to Australia made sense, seeing a @facebook ad for a #businessforsale and his experience in the process of #buyingabusinessMatt and Jayne had lived in Paris a long time and their daughter. Matt made music, Jayne wrote and both worked in #advertising  &  #copywriting (English for French brands) which enabled them both to do their creative work. But they weren't such lovers of the school system and came to see Paris as a city built for adults. They all decided it was time to move back. They saw the ad of Facebook, bought the business while still in Paris and then made the big move back to a new life and business in late 2019. In our discussion we cover;finding meaning in a businesscrafting a livingthe attractions of a #bookshop #small #humble #oldschoolthe upside of a #treechange or #seachangehow #smallbusinesses are so vital for the vibrancy of #regionalcommunitieshis financial criteria for buying the businessunderstanding your personal financial needs from a businessthe bookshop as an important institution in the townbuying the business 3 months prior to the #globalpandemicthe upside being that it gave them a chance to sort of figure out how to run itthe reality of buying myself a job but with real meaning for me, for our family and for the townthe 3 years sincewhy he truly believes in books and how magic books can change your lifeplacing a really high value on meaningwww.facebook.com/bookshopqueenscliff/www.instagram.com/thebookshopatqueenscliff/www.kerrcapital.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 

@andygowers  is a #successionplanning and #wealthmanagement  expert. He's got a business marketing degree and financial planning diploma . His professional background includes;playing #AFL with @hawthornfc for 12 years (including a premiership at Hawthorn in 1991)senior #financialplanning roles @anz founding and selling his own wealth management businessHe's launched a new business in Succession Planning (with  David Naphtali) and was recently appointed #president Hawthorn Football Club.This is part 1 of 2 episodes. Over the 2 episodes we talk a lot about succession planning and #exitplanning for private and family businesses, and cover;what he learned growing up in a family #smallbusiness;living in an environment which was on reflection high-stress, where a lot of things that weren't  said caused more problems than the things that were said,and how this led to his fascination in succession planning, and  helping as many families and businesses that he can to address these issueswhat he learned when working in the wealth management area of #ANZbank during the #GFCthe #pyschologyofInvestingthe #startup of his own wealth management business with a partner and selling that after 11 yearswhy  the financial planning discussion was really important to get the the management of people's wealth right but recognising bigger picture to be drawn was #successionhis mission to help #families (and avoid the potential downsides of wealth)#financialgreed why #communication is so vital#entitlement and expanding familiesthe mechanics of succession or exit planningthe critical role of an independent expert to guide discussionsthe #nuclearbutton that can trigger when some sibling or a family member says well bugger you I don't care about the rest of you I'm doing this ......why you need honesty but you need #sensitivehonesty#founder #purposesuccession in the #royalfamily #farmingfamiliesthe importance of ensuring your #shareholdersagreement is up-to-date#businesspartners#insurableexits and #uninsurableexitsthe special role of the #trustedadvisorsetting #rulesofengagementthe reality of true succession planning that not everybody's going to cut it@kerrcapital@Michael Kerr 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 

@andygowers  is a #successionplanning and #wealthmanagement  expert. He's got a business marketing degree and financial planning diploma . His professional background includes;playing #AFL with @hawthornfc for 12 years (including a premiership at Hawthorn in 1991)senior #financialplanning roles @anz founding and selling his own wealth management businessHe's launched a new business in Succession Planning (with  David Naphtali) and was recently appointed #president Hawthorn Football Club.This is part 1 of 2 episodes. Over the 2 episodes we talk a lot about succession planning and #exitplanning for private and family businesses, and cover;what he learned growing up in a family #smallbusiness;living in an environment which was on reflection high-stress, where a lot of things that weren't  said caused more problems than the things that were said,and how this led to his fascination in succession planning, and  helping as many families and businesses that he can to address these issueswhat he learned when working in the wealth management area of #ANZbank during the #GFCthe #pyschologyofInvestingthe #startup of his own wealth management business with a partner and selling that after 11 yearswhy  the financial planning discussion was really important to get the the management of people's wealth right but recognising bigger picture to be drawn was #successionhis mission to help #families (and avoid the potential downsides of wealth)#financialgreed why #communication is so vital#entitlement and expanding familiesthe mechanics of succession or exit planningthe critical role of an independent expert to guide discussionsthe #nuclearbutton that can trigger when some sibling or a family member says well bugger you I don't care about the rest of you I'm doing this ......why you need honesty but you need #sensitivehonesty#founder #purposesuccession in the #royalfamily #farmingfamiliesthe importance of ensuring your #shareholdersagreement is up-to-date#businesspartners#insurableexits and #uninsurableexitsthe special role of the #trustedadvisorsetting #rulesofengagementthe reality of true succession planning that not everybody's going to cut it@kerrcapital@Michael Kerr 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 

@RonGauci has a rich experience base including as a #CEO #Director #Chair and #Adviser.  As a #CEO he has overseen major transformations of organisations like @fedsquare @melbournepolytechnic and @melbournestormAnother of his roles is as a senior adviser @24HRBP (24 Hour Business Plan).In this discussion we talk widely about why #smeowners should plan, how they can plan more easily and what the real cost  is when you don't. We cover;why #now is the time to start (whether it's the beginning, the middle or the end of the year)how to get the most from your business planningthe core elements of business planning and the #24hourbusinessplanthe founder @AndrewBaxter who developed the methodology behind the whole 24-hour business plan approacha plan on a pagethe importance #industrytrends and #marketresearchunderstanding  your #business, #market, #objectives, #vision, and #purpose - and how they drive the #strategicplanplanning and then #implementingthe major problem with #smes - working in the business instead of on the businesswhy it's so important to take time out to work on the business to a strategic plan, andto bring in a new set of #fresheyes and ears (with a good understanding of your industry)avoiding losing sight of why you got into the business in the first placerememebring what you want out of itthe  #2simplechoicesplandon't planplanning to find new and better ways of doing business, and keep and find new customersdifferentiating yourselfwhy just working harder doesn't make sensethe importance of going back to your #purpose and the reasons why you set up the business in the beginningusing a #businessplan when you go to a #financier, or are looking to #sellyourbusinessthe three types of peoplethose that actually go out and make things happen (#disruptors)those that have things happen to them (#disrupted)those who just watch things happen (#passengers)reaching out to #trustedadvisors #coaches #mentors #advisoryboardsthe common objections to not planningwe already have a plandon't have time or have the moneythe resulting cost is the business failing @kerrcapital      @michaelkerr  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 

@BrianShrowder is a #mediatrainer and #communications #publicrelations industry expert at his own consultancy @mediacraftcomms.After dabbling in student radio  at the University of Adelaide he had stints in #newsreporting and #journalism at the @ABC and @channel10.Mid career he jumped across to public relations (his  second career).In his own consulting he specialises in #crisiscommunication but in this episode he unpicks public relations for the benefit of #smallbusinessowners.  We talk about;why PR isn't just for #bigbusinesswhat PR is and who it impacts that are associated with your business how small business owners can take advantage by getting visibility in the first place the importance of building and maintaining relationships with the people who matter to you as an organization or a business e.g staff, customers, communities  #reputationmanagement    - what am I going to be known for? how it's different to #marketingHow do I build a positive image and positive reputation? how and why @princeharry had 2 goals when doing his recent round of media promotions for his new bookwhere to find  public relations agencies how to think about and use  media that actually reaches your target audiencehow journalists are trained to easily detect bad PR that is really advertising in disguisehow to be creative with your #PR - it has to be something that makes a new story genuinely new or will directly benefit people in the audiencethe expanding range of media #podcasts #webcasts and #onlinepublications do-it-yourself (#DIY) options for PRusing PR communications to offset some significant potential damage@kerrcapital @michaelkerr 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 

@JillWeeks has travelled widely across Australian and spoken with hundreds of people about #retirement. Where to retire? How to retire? What to do in retirement? Drawing on these stories from inspiring people Jill shares her tips on different ways to think about and 'do' retirement. In our discussion we cover;how retirement has changed in the last 20-30 years, and how this has opened up more optionshow the development of technology has allowed for retirement to involve a;#profitablehobby#homebasedbusiness, or #freelanceworkpersonal planning for life after businesshow business owners can find themsleves with little to do after they #sellabusiness to #retire the impact of selling your business and retiring on a #businessowners the need to rethink your approach to retirement to maintain #purposethe knowledge a #semiretired person can bring to another #smallbusinesstaking a break from your businessrethinking how to use your 40 work hours when you don't have a job or a businesthe importance of “protecting your brain” during retirement to ensure you are continually challenging yourself 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 

@JillWeeks has travelled widely across Australian and spoken with hundreds of people about #retirement. Where to retire? How to retire? What to do in retirement? Drawing on these stories from inspiring people Jill shares her tips on different ways to think about and 'do' retirement. In our discussion we cover;how retirement has changed in the last 20-30 years, and how this has opened up more optionshow the development of technology has allowed for retirement to involve a;#profitablehobby#homebasedbusiness, or #freelanceworkpersonal planning for life after businesshow business owners can find themsleves with little to do after they #sellabusiness to #retire the impact of selling your business and retiring on a #businessowners the need to rethink your approach to retirement to maintain #purposethe knowledge a #semiretired person can bring to another #smallbusinesstaking a break from your businessrethinking how to use your 40 work hours when you don't have a job or a businesthe importance of “protecting your brain” during retirement to ensure you are continually challenging yourself 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 

@LloydPolkinghorne was a #ricefarmer upuntil a #traumaticbraininjury caused by a mis-firing shotgun. After years of struggling physically and emotionally he needed to 'get back on the horse'. He did this by buying his local community newspaper  www.thebridgenews.com.au . It was a bold and brave step. He made it with full support of family and an internal sense that he had to do something, knowing full well farming still wasn't an option.  In our discussion we cover;the importance of having something meangingful to do #Smallbusiness as a vehicle for physical and emotional recoveryhow a business becomes a part of an #owners  #identitythe impact on an in individual when work is removed from their life #purpose how the opportunity to buy the local #communitynewspaper brought purpose and the opportunity to represent the community he had grown up inassessing the opportunity to take over the a business how Lloyd’s #farming background taught him to be adaptable and think outside of the square which is what he had to do after his move into another professionwhat Lloyd learnt during the process of buying; in particular the process of being tapped on the shoulder to take over the newspaperthe importance of having a good advisor during the processthe role small businesses, including the local newspaper, play in a community and how the paper gives community members something to enjoy that is incredibly important to their routine how the local newspaper has become a key advocate for #ruralcommunities when it comes to state governments and electoratesaddressing the challenges that can arise running a rural newspaper due to differing views across the communitybalancing the #247newscycle that comes with running a newspaper and your personal lifehow small businesses fit into #ruraleconomies and the impact on #localtourism can havethe impact COVID-19 has had on rural and regional towns, their economies, population and consequently small businessesexploring the idea of moving into a #cooperativemodel of business for the newspaperacknowledging when time frames arise naturally and making the decision to then move on from a businesswhat approach Lloyd is taking to advertise and start the process of moving on from the newspaperAlong the way Lloyd also founded www.facebook.com/Lloydswalkforwater 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