Australian Business Podcast

This episode was originally featured on The Australian Investors Podcast. In this Australian Business Podcast episode, your hosts Owen Rask and Leigh Gant discuss: – How Leigh transitioned from fitness businesses to investing in private companies – What makes a business worth buying and what can go wrong – How Australians can get started in private market investing – Lessons learned from his first 12 months as a business buyer Join the conversation about private companies: https://community.rask.com.au/c/investing/buying-private-companies-is-f-ing-hard If you love learning about private equity and small business investing, subscribe to the Australian Business Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Topics Covered – Leigh’s journey from gym owner to investor – Buying a private business vs. starting from scratch – Key lessons learned from operating a business post-acquisition – What no one tells you about vendor financing, due diligence, and being “on the tools” Resources for This Episode ⁠– Leigh's LinkedIn⁠ Chapters (approximate) (00:00) Introduction (01:38) Getting to Know Leigh (09:02) Leigh's Inspiration to Choose Private Markets (13:24) Where to Start (16:11) Range of Capital Needed to Plan The Space (19:52) Is $100k Enough to Start? (21:44) What Leigh Was Doing in Due Diligence Phase (25:09) Small & Medium Business Stats (29:08) Next Step (IM) (31:00) Documents Leigh Looked At (32:57) Tax Structures (33:57) Loans (39:27) Valuations (42:31) How Did The Business Go? (51:56) More Resources ~~ Rask Resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Get Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Business Podcast – https://bit.ly/R-quest 📲 Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg #Investing #PrivateEquity Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis and Danil Goloubev talk about how you can combat business scaling burnout, what the signs to look out for and what you can do to ensure that you are scaling in a sustainable way. Topics covered today: 1. Burnout in Early Scaling 2. 4 Pillars of Sustainable Scaling 3. Anti Burnout Tactics Resources mentioned in this episode: Free community: https://community.inflection.au/c/say-hello/ Join our Q&A in March: https://community.inflection.au/c/say-hello/ Book in your Meeting: https://calendly.com/gsadvisory/30min Ask a question (select the Business podcast): https://bit.ly/R-quest Rask Resources Inflection community: https://community.rask.com.au All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg #business #motivational Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis and Danil Goloubev discuss the importance of having strong systems to help you when you are scaling. This ranges from Financial Systems to your Customer Services Systems and how these impact your business moving forward and your team. Topics covered today: – Why systems matter – 5 key system areas – What are the common system gaps Chapters (approximate) (00:00) Introduction (03:15) How to do a Business Health Check (04:17) Do the Same Systems Scale? (06:31) Why Do Systems Matter For Scaling? (07:00) Tax Deadlines & Compliance Updates (07:35) Instant Asset Write-off (07:38) Link Between Systems and Increase of Value (09:41) Profits and Fees (11:30) What is a BAS and PAYG? (11:33) 1. Financial Systems (13:19) Superannuation (15:29) Payment Plans (16:37) 2. Operational Systems (17:23) Review Your Cash Flow (17:59) 3. Workflow Management Systems (19:12) 4. CRM Systems (20:44) 5. HR Systems (26:03) 3 Tips for a Strong Financial Year Resources mentioned in this episode: Free community: https://community.inflection.au/c/say-hello/ Join our Q&A in March: https://community.inflection.au/c/say-hello/ Book in your Meeting: https://calendly.com/gsadvisory/30min Ask a question (select the Business podcast): https://bit.ly/R-quest Rask Resources Inflection community: https://community.rask.com.au All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg #business #motivational Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Owen Rask sits down with Scott from Everest Wealth to explore the journey of building one of Australia’s fastest-growing financial advice firms. They cover: – How Scott went from UK football trials to financial planning – Starting Everest with co-founder Alex after a round of golf – Why Everest focuses on scalable, accessible advice for under-50s – How they went from 0 to 60 staff and 85 advice plans a month – What makes Everest Rask’s most referred-to advice partner Whether you're an aspiring financial planner, entrepreneur, or someone seeking advice, Scott’s journey offers practical lessons and inspiration. If you enjoyed this Australian Business Podcast episode with Everest Wealth, be sure to subscribe on Apple (⁠https://podcasts.apple.com/au/podcast/australian-business-podcast/id1551250845), Spotify (⁠https://open.spotify.com/show/3044vSU0er64EdV1e4Pzrc⁠), YouTube (⁠https://www.youtube.com/channel/UCvOPFdkhCBIK2Y5QbDtOZXA⁠), or wherever you get your podcasts! Follow us on Instagram (⁠https://www.instagram.com/rask.invest/⁠) and TikTok (⁠https://www.tiktok.com/@rask.invest⁠) for more money and investing content. Topics Covered – Scott’s origin story: Soccer dreams, UK banks & BT Financial – Transitioning from BDM to adviser – Everest’s founding story and early hurdles – Growing to 60 staff and 85+ advice plans monthly – Why Everest focuses on 50-and-under advice – Everest’s success serving Rask & business podcast audiences – Scott’s take on commercial property in super – Advice for aspiring business owners – Why Everest starts with one-off advice, not ongoing by default – Challenges & learnings from building a scaling advice business – Tips for people starting a business or side hustle – Financial planning for couples & super balancing – Credit scores and why they matter (or don’t) in Australia – Scott’s money lesson to his younger self ~~ Rask Resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services📋 Get Financial Planning – https://bit.ly/R-plan📈 Start investing with Rask – https://bit.ly/R-invest📜 Access Show Notes – https://bit.ly/R-notes❓ Ask a question – just select the Business Podcast – https://bit.ly/R-quest📲 Follow us on social media:– Instagram: @rask.invest– TikTok: @rask.investDISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it.If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis talks with Danil Goloubev about how they are handling the scaling of Grey Space Advisory. What is working for them and what they are doing to make improvements in their business to handle the volume of work in their systems. Chapters (approximate) (00:00) Introduction (03:47) Holidaying While Running a Business (06:04) Business Systems (10:33) Resource Plans (17:28) Running a Business (30:15) Wrap-up If you love learning about scaling service businesses, subscribe to the Australian Business Podcast on Apple, Spotify, or YouTube! Follow us on Instagram and TikTok for more investing insights. Resources for This Episode – Free community – Book in your Meeting – Join our Q&A in August – Ask a question (select the Business podcast) ~~ Rask Resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Get Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Business Podcast – https://bit.ly/R-quest 📲 Follow us on social media: – Instagram: @rask.invest – TikTok: @rask.invest DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. You should consider if the information is appropriate for your situation before acting on it. If you’re unsure, consult a licensed financial planner. The Rask Group is NOT a qualified tax accountant, financial adviser, or tax professional. You can access The Rask Group’s Financial Services Guide (FSG) here: https://www.rask.com.au/fsg. #business Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis and Danil Goloubev discuss what they consider the essential items to review to ensure your ongoing business health at the start of a new financial year. They dissect how these items give you the visibility of your business position and understanding where you can make changes to constantly be moving forward with your business. Topics Covered Today – Compliance and Tax obligations to meet – Your Cash Flow Strategy – Assessing Budgets and Forecasts – Steps to take for the Financial Year Ahead Chapters (approximate) (00:00) Introduction (03:15) How to do a Business Health Check (07:00) Tax Deadlines & Compliance Updates (07:35) Instant Asset Write-off (11:30) What is a BAS and PAYG? (13:19) Superannuation (15:29) Payment Plans (17:23) Review Your Cash Flow (26:03) 3 Tips for a Strong Financial Year If you want to grow a more profitable business and create long-term wealth, subscribe to the Australian Business Podcast on  Apple, Spotify, or YouTube Resources mentioned in this episode: – Free community⁠ ⁠– Book in your Meeting⁠ ⁠– Join our Q&A in August⁠ ⁠– Ask a question (select the Business podcast) Rask Resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis sits down with Daniel Chand of Grey Space Advisory to go through their 101 accounting tips for business owners and small businesses to set you up for success.  Chapters (approximate) (00:00) Introduction (03:40) Revenue, Profit & Cash Flow (07:52) Business Expenses (09:58) Balance Sheets (14:09) Profit & Loss Statement (16:32) GST & BAS (20:16) Superannuation (22:26) Separate Bank Account (23:12) Cash Vs. Accrual Accounting Methods (25:16) Personal and Business Bank Account (28:06) Tax Tracking (31:50) Tax Structuring (33:07) Limited Liability Topics covered today: – Essential Accounting Terms to know – Setting Up Your Accounting the Right Way – Tax Tips for Small Businesses Resources mentioned in this episode: – Book a free strategy call – Free community – Ask a question (select the Business podcast) Rask Resources All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan  Invest with us: https://bit.ly/R-invest  Access Show Notes: https://bit.ly/R-notes  Ask a question: https://bit.ly/R-quest  DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, Jordan Kidis and Zara McGuffie discuss the impact of one of the most influential business books of all time: Good to Great by Jim Collins on the Australian Business landscape. This will discuss what separates great companies from the rest and how the principles of this can be applied to smaller businesses to build lasting success.  Topics covered today: – Breaking free from complacency  – Building winning teams – How discipline creates momentum  – When to use technology for business growth – What are Jordan’s key takeaways from leading his business Resources for this episode – Free community: https://community.inflection.au/c/say-hello/  – Join our Q&A in March: https://community.inflection.au/c/say-hello/ – Ask a question (select the Business podcast): https://bit.ly/R-quest Rask Resources Inflection community: https://community.rask.com.au  All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan  Invest with us: https://bit.ly/R-invest  Access Show Notes: https://bit.ly/R-notes  Ask a question: https://bit.ly/R-quest  DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg #business #motivationalshorts Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Australian Finance Podcast, your host Owen Rask chats with Alex Vynokur, founder and CEO of Betashares. Together, they explore: – How Alex started Betashares (mortgaging his home and starting a family) – Why he believes investing must become easier and more engaging – How Betashares Direct and tech are democratising access to wealth – Insights on leadership, culture, superannuation, and financial education If you like this Australian Finance Podcast episode on the evolution of ETFs and personal finance, you'll love our weekly episodes. Don’t forget to subscribe on ⁠Apple⁠, ⁠Spotify⁠, ⁠YouTube⁠, or wherever you get your podcasts! Follow us on ⁠Instagram⁠ and ⁠TikTok⁠ for more investing insights. Topics Covered – The origin story of Betashares – Challenges and personal risks Alex faced starting out – How feedback and humility shape product development – Key product success stories (like NDQ, QUS) – Lessons learned from mistakes and product changes – The role of Betashares Direct in long-term investing – Open architecture & reducing friction for investors – Why superannuation must evolve & be owned – Trends in housing, investing & retirement wealth – Betashares’ cultural values and leadership style – Financial education as a pillar of growth Resources for this episode 📄 Learn more about Betashares Direct: ⁠https://www.betashares.com.au/direct⁠ ~~ Show partner resources ~~ 💰 Join Pearler using code “RASK” for $15 of Pearler Credit – ⁠https://bit.ly/Pearler⁠ 📊 Get 50% off your first two months using PocketSmith – ⁠https://bit.ly/R-PocketSmith⁠ 📄 Explore Betashares’ ETFs: ⁠https://bit.ly/beta-25 ⁠ ~~ Rask resources ~~ 🔗 Explore all Rask services – ⁠https://bit.ly/R-services⁠ 📋 Learn about Rask Financial Planning – ⁠https://bit.ly/R-plan⁠ 📈 Start investing with Rask – ⁠https://bit.ly/R-invest⁠ 📜 Access Show Notes – ⁠https://bit.ly/R-notes⁠ ❓ Ask a question – just select the Finance Podcast – ⁠https://bit.ly/R-quest⁠ 📲 Follow us on social media: Instagram: @rask.invest – ⁠https://www.instagram.com/rask.invest/⁠ TikTok: @rask.invest – ⁠https://www.tiktok.com/@rask.invest⁠ DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it. If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) – ⁠https://www.rask.com.au/fsg Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode, your host Zara McGuffie sits down with Tara Jarrett, co-founder of @Pilates, to unpack how their 24/7, tech-driven business model disrupted the fitness industry, with a leaner and highly profitable ROI. If you like this episode, you’ll love the series. Don’t forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts. Topics covered today: – The genesis of @Pilates and its unique business model – How to prioritise technology for a more profitable business – How tech-driven, instructor-free classes lead to a more personalised experience – Their left of field launch strategy that drove rapid growth – How maximising asset utilisation and minimising 'dead time' drives profitability – Tara's outlook on the future evolution of the fitness industry and technology's role within it Resources for this episode – @pilates website – Meet with Tara – Ask a question (select the Business podcast) Rask Resources Inflection community: https://community.rask.com.au All services: https://bit.ly/R-services Financial Planning: https://bit.ly/R-plan Invest with us: https://bit.ly/R-invest Access Show Notes: https://bit.ly/R-notes Ask a question: https://bit.ly/R-quest DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg #business #motivation Learn more about your ad choices. Visit megaphone.fm/adchoices