Australian Business Podcast

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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode your host Owen Rask speaks with Marcus Ritchie of Primary Markets, a platform designed to help companies manage their shareholders, employee schemes, investors and raise capital.VIDEO VERSION: https://youtu.be/Rf6lGKGl3Z4Australian Business Podcast resources Primary Markets website Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this Australian Business Podcast episode your host Owen Rask speaks with Intellectual Property (IP) experts Lachlan Lo and Patrick Johnson from IP Australia. IP Australia is the Australian government body that administers intellectual property rights and legislation relating to patents, trade marks, registered designs and plant breeder's rights in Australia.VIDEO VERSION: https://youtu.be/Rf6lGKGl3Z4Why does this matter?Only 4% of small-medium businesses in Australia have a trademark 😬Talking points: What is the role of IP Australia and more broadly, what is IP? Why would a business get a trade mark? TM Checker What’s the difference between a trade mark and copyright? There are a large number of registrations a small business needs to think about when setting their business up - how do trade marks fit in with other business registrations? Business names Domain names Google adwords Can you tell me more about what a patent is? You mentioned the look of a coffee pod for a design earlier - how does that differ from a patent? Plant breeder rights - what the... A business gets a registered IP - then what? Enforcing IP Future of IP protection Where can our listeners go for more information?  Australian Business Podcast resources IP Australia website TM Checker Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Easy come easy go. How about: hard come, easy go?Yes, it happens. In this Australian Business Podcast episode your host Owen Rask speaks with expert accountants Jordan Kidis and Danil Goloubev about 3 of the biggest money-wasters inside a small business. They're not what you think... Personal expenditure -- even if your business is humming, increasing your cost of living for no reason is very dangerous Not making the fast hard decisions - slow to hire, quick to fire; avoiding pulling the pin on strategies or projects. Over-staffing -- junior staff can be expensive.  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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Hiring staff and team members is the one -- if not 'the' -- most important parts of running your own business.In this Australian Business Podcast episode your host Owen Rask talks with accountants Jordan Kidis and Danil Goloubev about what it really costs to hire people, how to manage the expense, how to calculate the cost and more. Don't forget these things when you hire someone: PAYG withholding - paid by you Super - monthly or quarterly Worker's comp and other insurances, which vary by state (but is typically based on your total wages) Subscription/software additions for each team member Rent/Equipment upgrades needed for extra team members Training and development, both time and cost Inefficiencies from scaling Recruitment costs, this can be as high as 15%! On $80k that's like $12,000! Stress - yes, this is the real cost of a bigger team! Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In business, it's often the decisions you DON'T MAKE that become some of your best decisions of all time. That's why, in this episode of the Australian Business Podcast Owen Rask, Jordan Kidis, and Danil Goloubev detail the 10 biggest mistakes that 100s of business owners make every week. The 10 mistakes include: Being naive or ignoring it will not make your tax problems disappear (i.e. ignoring the tax debt/lodgements) Poor financial management (overcapitalising is a killer) Div7a -- is it "free" money from your business or a debit loan -- let's ask the ATO! Failing to reinvest in the business Putting off scaling/hiring/investing in equipment/people/marketing because you're scared Pricing to win work and failing to make money -- be prepared to say no as time goes on An over-reliance on a handful of clients (e.g. tradies) Doing the same thing over and over again expecting a different result -- insanity! GST - it's a thing Listening to pub talk Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Business Podcast, your host Owen Rask talks to Taylor McPhail, the current managing director of McPhails, a furniture powerhouse that went from nearly broke to $22 million of sales -- in 3 years!You can WATCH the full and exclusive interview online, either on Rask's YouTube channel or Rask Media.Australian Business Podcast resources Owen Rask’s free business course Ask a question McPhails website 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm guessing every working day you feel like you're treading water, with a million things to do, and 1,000 decisions that need to be made.In this episode of the Australian Business Podcast Owen Rask, your host of The Australian Business Podcast, and accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory, explain why you need to get good at making fast and good decisions that align with your business goals. Great opportunities are timely and will not always be around (e.g. to hire someone or expand) Avoiding analysis paralysis is key - over-analysing and taking too long to make a decision can hurt your momentum. Maintaining momentum is key to all businesses. Saying ahead of your competitors can only be done if you are at least keeping pace.  Fast decisions help you keep up with customer needs and expectations  Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast is back to bring you some timeless wisdom: here are the 3 biggest traps small business owners fall into within the SECOND year of business.Owen Rask, your host of The Australian Business Podcast, is joined by accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory. Here are the traps they cover: Neglecting marketing and advertising. Staying the technician. Focus / shiny object syndrome.  Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast is back to bring you some timeless wisdom: here the 3 biggest traps small business owners fall into within the first year of business. Owen Rask, host of The Australian Business Podcast, is joined by accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory. Here are the traps they cover: Not having a plan/going in blind (a plan doesn't need to be perfect!) Not budgeting for scale or tax. Taking too much money from the business too soon (jetski anyone?) Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices