The Business Behind Your Business

In this episode we’re grateful to be able to share with you an interview from Alive 90.5’s Grow the Business - People Edition.

Paul Sweeney is talking with Alive 90.5 hosts Paul Cripps and Kylie Thomas about 4 key areas to managing your business through and beyond the current crisis.
These four areas as being key to managing a business through and beyond the current crisis.

Cash Flow management - review, improve, measure, monitor and forecast. Cash flow management is always critical for your business.

Planning - create and implement your action plan for the next 90 days and beyond. Include specific actionable and measurable tasks broken down into simple steps.

Taxation - ensure continued compliance, take advantage of concessions, and reduce cash leakage to tax.

Team of advisors - use the experience and knowledge of a team of highly qualified professional advisors to build a high-performance business.

Knowing exactly where you are is important. Getting to know your numbers is critical. Particularly around cash flow

You can’t plan to move forward or prepare your business for when Government assistance gets scaled back, if you don’t know accurately where you are starting from.
Paul Sweeney launched Pretium Solutions after a long and successful career in accounting and business advisory. For Paul, the driving force behind the creation of Pretium Solutions was to make high-end, proactive, directed and value-based advisory services available to small to medium businesses. Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business.
Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

https://pretiumsolutions.com.au/
https://www.alive905.com.au/listenlive/
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How do you manage employee leave during a COVID lockdown?
If your employees are unable to take leave, how do you as an employer manage the increasing liability for annual leave accruals? Can you force an employee to use their annual leave while your business is in lockdown? Can an employee cash out some of their annual leave?
Paul Cripps and Ben Baumgarten take a deep dive into these questions.
Ben Baumgarten is a Senior Associate Lawyer and has practised exclusively in the area of workplace relations. Ben has experience advising and representing clients, in both the public and private sector, on all aspects of employment law and industrial relations.

Prior to joining Frank Law, Ben has worked for national firms in both Sydney and Melbourne.
Paul Cripps, founder of PK People Solutions, provides operational and strategic HR solutions in collaboration with business leaders and key stakeholders He helps businesses to align the activity of their workforce to the business strategy to improve performance and profitability Paul is a licensed member of the HR Coach Network – the largest independent HR Coaching Network in Australia. His HR corporate career has spanned over 20 years (in Australia and the UK) for QBE Insurance, GE, Allianz, Willis Towers Watson and BNY Mellon.

Ben Baumgarten [email protected] Ph +61 2 9688 6023
Paul Cripps [email protected]
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Why is documenting your business systems important? Mitch Kenny from Maus Software explores the benefits around having your business processes documented.
Some of the benefits include:

• Less reliance on a single business owner/manager
• Opportunities for scale and growth
• Improved overall efficiency

Mitch discusses barriers that often prevent business owners from documenting their systems.
The myths and barriers include the following beliefs:

• "It all has to be done by the business owner/manager"
• "It’s too hard to start from scratch"
• "I don’t want to re-invent the wheel"

Mitch looks at some great ways to get your business started in documenting your policies and procedures.

• If a question needs to be asked, there needs to be a procedure written about it
• Platform like Maus/SafeWrite to help (templates – 70-90% of content already written)

Get a free trial of the Maus tools: https://www.maus.com.au/landing/free-trial/
Mitch Kenny:
Mitch has been head of the ISO and Compliance tools at Maus for the past 4 and a half years, helping business owners and managers improve their systems and processes to better comply with their compliance obligations.

Throughout this time, he has helped businesses of all sizes unlock new opportunities through ISO compliance and has learnt about the importance and benefits of documenting internal processes across all businesses.

Now, as Director of SafeWrite, a new brand under Maus Software, he is targeting his focus to helping more SME’s develop and control these process and documents in a way that is efficient, manageable and easy to use.
https://www.facebook.com/mausbusinesssystems/
https://www.linkedin.com/company/maus-business-systems/

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Is your business losing profits to expensive and unnecessary FX conversions? These costs are often 'hidden' but can go up to 5% each time you bring money back, or pay global expenses.
In this episode we talk to Henry Broad from Airwallex who have developed a solution to this problem. Essentially, Airwallex provide a cheaper and easier way to manage money globally.
We discuss how Airwallex solutions have made it possible for businesses to save 3 - 5% on their international imports, shipping and staff expenses by using Airwallex - money they have been able to reinvest back into their business.
●Pay your global supplier and staff faster, in-full, with 10x better rates than major banks
●Save on global SaaS subscriptions like Shopify, AWS or Slack with 0% international transaction fee virtual cards
●Automate your recurring payroll or supplier payments with batch payments
Henry Broad

Henry Broad is a Partnerships Manager, responsible for growing Airwallex to Accountants and Bookkeepers across Australia. He is passionate about equipping the next generation of accounting and finance leaders to seize the emerging opportunities created by FinTech. Prior to Airwallex, Henry was part of the Growth team at LinkedIn and a Finance Broker at Corporate Financial Services. He holds a Bachelor of Business - Majoring in Finance, from the University of Technology Sydney. When he's not at work, you can frequently find him down at the beach or watching Australia roll over England in the Ashes.

Airwallex

Established in Melbourne in 2015, Airwallex is a global payments fintech that enables businesses to operate anywhere, anytime. In today’s fast-changing digital era, Airwallex' s purpose is to empower businesses of all sizes to grow without borders, and by doing so, contribute to the global economy. With technology at its core, Airwallex built a proprietary global financial infrastructure platform to help businesses transact, collect and pay in any foreign currency across 130+ countries and 50+ currencies, without the constraints of the traditional global financial system.
Find out how to get started with Airwallex

Airwallex LinkedIn Company Page

Henry Broad LinkedIn Profile

The Role of Fintech in Modernizing Businesses

Airwallex Facebook Page

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Do you have a great business idea, but not sure where to start?
Are you confused about what you need to do first?
If this is you (too many questions and not enough answers) then you are in the right place!
Paul Sweeney, chartered accountant and business advisor, explores what you need to know before you launch your new business.
This episode is the first in a series focusing on starting a business.
And don't worry - for those listeners who already have a business - this is a great opportunity to look at the foundations of your business. It is so important to reflect on what is working and what isn't.
Listen in and you'll learn about all of the tools you need to start-up and grow a successful business.
Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.
For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

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