Should I Own A Business?

Goldelucks was a small family owned Bakery in suburban Australia when Phillip Kuoch was thrust into the role of business owner. After some initial struggles, Phillip has managed to turn it into a thriving business with three outlets plus a booming online presence, selling doughnuts by the thousands! How did he do it?

In this episode of the Should I own a Business Podcast, we sat down with Phillip to find out. His is a story of persistence, creativity, savvy use of social media and, above all, the importance of family. 

We all know that technology evolves rapidly in our everyday lives. The change has been just as great in business. So, how do we keep up with it all when we are so busy running our businesses? In this episode we welcome a special guest, Rutland Smith, who has been helping small business people navigate the tricky world of technology for years. We talk about the big tech issues facing those of us in business like cyber security, protecting and backing up our data and even how we communicate with our staff and customers.   

Since 2020 we have worked with dozens of small business owners impacted by successive lockdowns. Many owners were at risk of business failure and requested help to rescue their business.
We found some common reasons that help explain why some businesses had a greater chance of survival than others.
If you want to start a business, being resilient makes sense. After all, turning a business around is difficult. Therefore, it makes sense to avoid a rescue in the first place.

Choosing the right business structure for you can be a daunting exercise. In this episode we chat with commercial Lawyer, Helen Kay, to work through the different types of structures you can use when setting up your new business.

We have a look at the different features of each type of legal business structure and how to go about choosing the best one for you.    

Business valuation and choosing the best deal structure can be complex and daunting if you are new to buying a business.
Brendan Barrow interviews Pete Seligman as part of our sub-series on Buying A Business.
Pete explains some basics about business valuation and choosing the best deal structure such as Earnouts, Options and Royalties.
We discuss the concept of earnings and multiples to value a Small to Medium Business.
Improve your knowledge, confidence and decision making.
Listen Before You Leap!

If you are starting a business or turning a hobby into a business do you need to invest in a website?

Building, maintaining, hosting and producing content for a website costs time and money. Is it worth it? Or is it better to have a social media presence instead?

We explore the reasons why a website has advantages and the key things you have to get right for your website to be effective.

We give some simple but powerful tips on website design, messaging, SEO, content and customer experience.

Tracy Weller-McCormack also explains the concept of the "mothership" in building your new brand.

How to choose a business partner is seldom discussed and your choice can make or break your business.
Should you have a business partner or not?
We discuss practical aspects of choosing the right business partner based upon our experience.
There are many aspects to consider to make sure you and your business partner are compatible.
We give tips on how to ensure your partnership survives long term and why friends and family are not always good business partners.

If you are starting a business there are 5 Golden Rules for how to talk and engage with your customers so they receive a consistent and authentic message. 
Attracting sales through good marketing and customer interaction is vital. By applying some simple rules you will ensure that your new business gets the right message across irrespective of how or when you talk to customers.
Building your new business will be easier if you learn how to effectively talk to your customers.

Starting a new business is exciting but there is a lot to think about before you begin.

One thing that we know is often overlooked is the affect that going into business will have on those around you - your family and friends. Get this bit wrong and the results can be devastating.

In this episode we discuss the many ways that the people closest to you may be affected at every stage of the business cycle and what you can do to protect those relationships. 

An expert interview with Pete Seligman on finding and choosing the right business to buy. We discuss where to find a business and the role of business brokers, buyers agents and accountants.
Pete shares a proven 555 technique to help you quickly shortlist the hundreds of potential businesses for sale. There are 3 key questions that rule out 85% of businesses in 5 minutes.
We discuss what due diligence means in practice and why "good enough" answers are the secret to due diligence when buying an SMB.