Owner To Owner Podcast

To grow your business be brave and get comfortable taking imperfect action, Gabe Villarreal

@Gabe Villarreal [https://www.linkedin.com/in/gabriel-villarreal-investor-business-growth/] founder, business buyer and business growth adviser on scaling a liquor business to a million dollars in monthly revenue. We discuss strategies for over coming the practical challenges of scaling and exiting businesses, as well as the merits of 'holding' businesses rather than selling.  He stresses the importance of imperfect action, learning from failures, and having options in business.  Gabe also talks about his experiences in different industries and countries, and the significance of building a business with an exit strategy in mind. Takeaways * The importance of imperfect action over waiting for perfection. * Learning from failures. * Having options in business is more important than the exit itself. * Building a business with an exit strategy in mind is essential. * Cash flow management is critical for business survival. * Acquiring an established business can be more efficient than starting from scratch. @michael kerr  [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] @kerr capital  [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.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

Juggling Passion and Financial Sustainability in the NFP Sector: Jacquie Riddell

@Jacquie Riddell [https://www.linkedin.com/in/jacquie-riddell-140555b/] is an experienced #NFP leader and current chair of the @CBAA [https://www.cbaa.org.au/home]. The NFP or #ThirdSector is presenting huge challenges to leadership, employees and the many volunteers. Jacquie and host @Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] talk about; * Financial sustainability * Mergers & Acquisitions in the NFP sector * The impact of overcrowding in the charity sector * The need for adopting new and better business models and #tech to improve effectiveness * Governance, collaboration, and the role of philanthropy * The future of charities * The phenomenon of 'accidental retirement' (read Jacquie's article on this here https://www.linkedin.com/feed/update/urn:li:activity:7334094500333531138/ * How professionals can transition from corporate roles to the not-for-profit sector Some key takeaways 1. Not-for-profits need reliable cash, not just goodwill. 2. The charity sector is overcrowded with over 60,000 charities in Australia. 3. Passion alone is not enough; capability is essential. 4. Successful charities adopt business models similar to for-profits. 5. Governance is critical for the growth of not-for-profits. 6. Mergers and collaborations can enhance sustainability in the charity sector. 7. Philanthropy is a major opportunity for charities, especially during wealth transfer. 8. Post-COVID challenges include reduced revenue and volunteerism. 9. B Corps represent a growing trend in socially responsible business. Chapters: 00:00 The Role of Not-for-Profits in Society 05:15 Challenges and Opportunities in the Charity Sector 10:08 Adopting Business Models in Not-for-Profits 15:06 Governance and Capability in Charities 20:25 Social Enterprises and Merging Opportunities 25:18 Collaborative Solutions in Community Broadcasting 27:04 The Importance of Sustainable Revenue 28:59 The Rise of B Corporations and Social Responsibility 31:11 Governance and Effective Leadership in Nonprofits 33:22 The Reality of Nonprofit Work and Organizational Capacity 35:36 Funding Challenges and Opportunities for Charities 37:54 Navigating Post-COVID Challenges in the Charity Sector 39:33 Accidental Retirement: A New Perspective on Career Transitions 41:10 Policy Recommendations for the Charity Sector @kerrcapital [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.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

Decoding AI: Strategies for Small Business Success: David Brudenell, Decidr.

@Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] welcomes @David Brudenell [https://www.linkedin.com/in/davidbrudenell/] Executive Director from @decidr.ai [https://www.decidr.ai/] discuss the challenges and opportunities for Australian SMEs in adopting AI strategies.  They explore the National AI Readiness Index launched by Decidr,  the importance of system design, and how AI can transform small businesses. The conversation delves into the potential of AI to provide #SMEs with the equivalent of thousands of employees, the role of agentic platforms, and the need for businesses to adapt to the fast-paced AI landscape. Takeaways: * SMEs need a system built for action, not just belief * Most businesses lack a plan to integrate AI effectively * AI can provide SMEs with the equivalent of thousands of employees * System design is crucial for successful AI integration * AI is a horizontal technology that thrives on context * Agentic platforms can unshackle businesses from administrative tasks * AI can transform hospitality by handling bookings and customer service * SMEs have the most to gain from AI but are at risk of being outpaced * AI can help businesses scale and become more resilient @kerrcapital [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.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

How to secure a better deal leasing or buying a commercial property: Vicki Likoudis from True North Buyer's Advocate

@Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/]speaks with @Vicki Likoudis [https://www.linkedin.com/in/vickilikoudis/]from True North Buyers Advocates [https://www.truenorthba.com.au/] about the opportunities for tenants and buyers in favorable commercial property market cycle. Vicki sees the opportunity being available for another 6-9 months. They discuss how small business owners can take advantage of this cycle to negotiate a better lease or acquire a commercial property. It's a tenant's market right now, making negotiation crucial. Vicki shares her extensive background in small business and her role as a buyer's advocate, emphasizing the importance of understanding the market cycle, negotiation strategies, and the emotional aspects of property acquisition.  They discuss; * How buying advocacy can help clients navigate property purchases and leases. * The challenges and opportunities presented by the current market conditions * The significance of community ownership * Why Commercial property can be emotional for business owners. * Government support is needed for small business funding and mental health * Negotiation strategies can lead to significant savings for tenants Chapters   00:00 Introduction to Commercial Property Opportunities 01:01 Vicki's Background in Small Business 04:51 Understanding the Role of a Buyer's Advocate 08:13 Current Market Cycle for Commercial Property 11:10 Navigating Vacant Commercial Properties 13:59 Exploring Off-Market Opportunities 15:28 Consultative Approach to Property Acquisition 18:29 Benefits of Buying vs. Leasing Commercial Property 20:57 Landlord-Tenant Relationships and Negotiations 22:21 Negotiating Commercial Leases: A Win-Win Approach 25:09 Regional vs. Metro: Understanding Property Dynamics 28:06 Community Ownership: A New Model for Local Businesses 31:03 The Challenges of Community-Driven Business Models 33:33 The Importance of Local Businesses in Regional Economies 37:13 Government Support for Small Businesses: A Call to Action   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.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]

Super charging the growth of employee owned Small Businesses, Stephen Greenwood, Global CEO, Valloop

@Michael Kerr [https://www.linkedin.com/in/michaeljkerr-small-business-adviser/] welcomes @Stephen Greenwood [https://www.linkedin.com/in/stephen-greenwood-3ba7551ba/], Global CEO of @Valloop [https://valloop.com/], and @Hunter Page [https://www.linkedin.com/in/hunterpage/], Australian Director of Valloop, to discuss the transformative power of employee ownership.  Valloop via its @platform [https://www.valloopexchange.com/] is reshaping the landscape for SMEs, offering innovative solutions for business transitions, and empowering employees to become legitimate buyers. We talk about; 1. The rise of employee ownership and its impact on SMEs 2. Why employee ownership is becoming a vital consideration for business owners worldwide 3. Valloop's unique platform and its role in facilitating business transitions 4. The benefits of employee ownership for businesses and local communities 5. The rise of employees as business buyers successfully acquire and manage businesses. 6. The need for better and wider education on Employee Ownership    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.au [michael.kerr@kerrcapital.com.au] www.ownertoownerpodcast.com.au [www.ownertoowner.com.au]