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 Ideas about transitioning your business from a job to a business.

Business valuation expert John Warrillow explains the benefits of making your business more valuable as an acquisition target, even if you have no intention of selling it. See Podcast Below.
 

Hello and Welcome,

Welcome to another B.E.N. week as we run the clock down to the Edgewater Dining breakfast session.

We have another good line up as we continue to roll in the changes and evolve Nelson's and Richard's core reason for beginning the BEN breakfast.

Somethings change but the core is in tact, with "Relationship Development" as the key foundation stone of BEN. 


Shared information is powerful ~ it improves Outcomes


SHAREABLE BEN LINK

PLEASE NOTE:  BEN Breakfast is by invitation only
 
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  >>>   BREAKFAST DETAILS: FRIDAY 16TH NOVEMBER 
Friday 16th November 7am 
Where: Edgewater Dining Restaurant, Isle of Capri
Google Map:
Link Click here
Cost: $25.00 Breakfast and Coffee (Pay @ Counter)

7:00am - 7:30am Coffee and Mingle
7::35am Seated for start of Meeting 
8:30am Wind down and finish
8:35am Informal Mingle - Goodbyes etc.

Guest Speaker: Bob East
Member Interview: Nelson Wockner 
Member Announcement: Steve Holmes 
  >>>   GUEST INTERVIEW: BOB EAST

Guest Interview

Bob East

Interviewed by Richard Purll

Bob's Linkedin Profile

Bob East joined the Mantra Group in 2006 and held the position of Chief Executive Officer from 2007 to 2018.


Bob and a group of passionate tourism operators created the Mantra Group brands and developed the Group into one of the leading accommodation providers and marketers in Australasia. 

Bob’s enthusiastic leadership style and vision saw Mantra Group grow from 41 properties in 2006 to more than 140 properties in 2018. He lead the company to a successful ASX listing in June 2014 which culminated in its inclusion into the ASX 200 list in 2015 – its first year as a public company. Bob then led the acquisition by ACCOR realising a sale price of $1.3 billion enterprise value for Mantra Group investors. 

Bob holds a Master of Business Administration, is Chair of Tourism Australia, Deputy Chair of the Gold Coast Suns Football Club (AFL) and Chair elect of Experience Co.

  >>>   MEMBER CARD UPDATE: NELSON WOCKNER

Member under the microscope

Nelson Wockner

Wockner Lawyers

Nelson Wockner's BEN card is now in motion
Richard puts the 5 BEN Questions to Nelson

See other Members BEN Cards 
  >>>   BREAKFAST VENUE: EDGEWATER RESTAURANT

The Edgewater Dining Story

Owners: Peter & Tracey Cianci

B.E.N. Breakfast Venue

Edgewater Restaurant 

In the heart of the bustling Capri on Via Roma on Isle of Capri, operated by restaurateurs and consultants Peter & Tracey Cianci. The Cianci Family have been involved in many successful Gold Coast, Sydney & New York Hospitality venues, spanning over three decades.
 

Inspired by modern Australian cuisine, with a twist of traditional Italian style cooking, Edgewater Dining offers an ever evolving menu delivering only the most creative and highest quality dishes. Offering breakfast, lunch and dinner, Edgewater Dining’s inspiring menu is nothing short of amazing. Having been constructed by owner’s Peter and Tracey Cianci and Head Chef Jarrod Waring, using an eclectic mix of travelled and experienced tastes with creative culinary skills, each dish will have you craving more.

   >>>   Member Announcement: Steve Holmes 

The Villager

Steve Holmes 

steveholmes.net.au

A little Ave that Roars

And a Village with Big Aspirations

 

New Emagazine Experience

Edition ONE is about to enter the Inboxes of nearly 5000 email subscribers who passionately share the Main Beach Experience Villager Vibe for the Village centre Tedder Avenue.

Capturing and Centralising a Village Vibe.
It takes an unconditional ‘Willingness’ to build something of true and unique Value. A Village that adds true value to the Gold Coast Experience. A Village with a Tedder Avenue at it’s centre. A Village that Roars ! VIEW TEDDER VILLAGE

Jump aboard its gonna be an Experience and an Evolution all wrapped in one!

Cheers Steve 
My BEN Card Details
  1/4 >>>   INDUSTRY UPDATE: HR

3 Growth Challenges Your Small Business Will Face

When you look back through your business goals of the past couple of years, how do you feel? Excited? A sense of achievement? Have you forged ahead, or does it feel like groundhog day; nothing has changed, you are still in the same place, with the same or more issues and challenges confronting you? We don't leave business success to chance. The focus for our clients right now, is their planning for 2019, to ensure they are on track for their long term goals. Thought I would share our latest post. READ MORE

Posted by Christine Litera
Owner/Principal
Principal Consultant
Chrysallis Business Transformations
Christine's BEN details
  2/4 >>>   INDUSTRY UPDATE: TRAVEL 

It's time to book your Westin Resort Nusa Dua deal!

Return economy airfares, 7 nights accomodation, Full Breakfast daily, 3 course dinner and much more from $1799* per person twin share. Valid for selected travel 15 Nov - 23 Dec 18, 7 Jan- 18 Apr, 30 Apr - 30 Jun 19 unless otherwise specified

Contact our office on 07 5591 7311
Keith

JUMP2 FB LINK

Keith Bond 
Executive Manager
Helloworld Travel

Keith's BEN Card Details
  3/4 >>>   INDUSTRY UPDATE: ACCOUNTANT | TAX

How do you plan for success!

Have an annual budget and forecast monthly sales ahead based on current clients to calculate the new sales you need to make budget. Then discuss marketing with a marketing professional to ensure you spend the right money in the right places to generate the new sales required to make budget. 

Don’t forget it easier to sell more to an existing customer than fund a new customer. 

Upsell through packaging for add-ons  and encourage more transactions with existing customers through volume discounts.
Sept BAS due through tax agent by Nov 26. 

Richard Purll
Business Co-Pilot
Business Accounting Professionals

Richard's BEN Card Details

  4/4 >>>   INDUSTRY UPDATE: LAW | TAX

SMS from Office of State Revenue?


Last week (9 November 2018), we received a short email from the Queensland Government tax collector – the Office of State Revenue (OSR).

The message said that the OSR were sending text messages to property buyers who had received a transfer duty concession when they purchased their home.    The reason for the text message was to remind these buyers of their obligations under the Duties Act 2001. READ MORE

Nelson Wockner
Wockner lawyers

BEN Card Coming Soon

  >>>   The Biz Villagers: INTERESTING READ

Where the car goes our business goes?


A thought provoking article that transcends the car

Through the looking glass we go

Reprinted from the Hustle

The age of autonomy starts this December, with Waymo at the wheel

After 9 years of secretive R&D and more than 10m miles of testing, Google’s self-driving car subsidiary Waymo will finally sell self-driving rides to the public in December. Not on a closed course, not for engineers only -- on the open road with regular civilians in the passenger seat.

Analysts estimate that, as the first player in the market, Google’s unnamed autonomous ride-hailing company will be worth more than $80B before it even launches (Uber is valued between $70B and $120B). 

A new name for a new game

Google’s self-driving taxi service will launch under a new brand name in Phoenix, where Waymo has been testing its autonomous cars with 400 volunteer “Early Rider” families since 2017 (Google has tested cars in at least 24 other cities). 

Since Waymo is literally millions of miles ahead of the self-driving competition (the company hit 10m test miles while GM’s rival Cruise is likely shy of 1m), its new commercial self-driving company won’t compete against auto-automakers, but against rideshare giants.

Like Uber, but without the disgruntled drivers

Using an app that resembles Google Maps, commercial riders will be able to summon an autonomous ride between any 2 points in a 100 sq. mile area around Phoenix, 24/7. 

Initial prices for the services will be competitive with Uber and Lyft, and backup drivers will ride along in some cars to “ease customers into the service,” according to Bloomberg.

The race is on, and everyone is speeding except Google

GM’s Cruise hopes to launch in 2019, Zoox in 2020, Tesla and Nissan shortly thereafter, and Uber is renewing its self-driving permits after accidentally killing a pedestrian in Arizona.

But despite the accelerating competition, Google has a commanding lead: Waymo has already ordered more than 80k cars and partnered with Walmart, Avis, and AutoNation to slowly expand its autonomous business.

With Uber stuck in timeout and self-driving competitors millions of miles (and billions of dollars) behind, slow and steady Google will probably be the first to offer you a robo-ride. 

The only question is: Will the robots let us sit in the front seat?

  >>>   RECOMMENDED: PODCAST

CREATING A BUSINESS THAT CAN THRIVE WITHOUT YOU 


TALKING POINTS
  • The two most common reasons business owners consider selling their business
  • Why it makes sense to build your business to sell even if you don't want to sell
  • The difference between growing value and growing revenue
  • Why productizing makes it easier to charge upfront for services
Recommended by Nelson

Looking through the Links

Generally speaking anything in "RED" is a link! Thats as plain and simple as it gets! 
Book a table at Edgewater 
Call Edgewater Restaurant  (07) 5570 1624

The Hustle

Tedder Village 

Join The Biz Villager 

Join or share the Village - Become a Villager

Consider Evernote to improve your organisation (VIDEO)

How to use Iphone 10  (X)  (VIDEO)


Richard Purll's  0452 446 447 +
Richards BEN Card 

Nelson's Phone 07 5679 0070

Steve Holmes 0415 153 522 + 
Steve's BEN Card Details  

BEN Home Page 

BEN Facebook Group