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...
Mar 25, 2023•26 min
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 "fre...
Mar 22, 2023•28 min
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, busine...
Mar 18, 2023•1 hr 2 min
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 so...
Mar 15, 2023•30 min
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...
Mar 12, 2023•25 min
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?) Austr...
Mar 08, 2023•25 min
Australian Business Podcast's is proud to announce our first-ever question and answer (Q&A) session! Owen Rask is joined on The Australian Business Podcast by accounting experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to answer your questions: Can two businesses share an ABN? I have a laundromat and car wash, should I buy or build a new one? I'm studying a master's degree, should I buy a lawn mowing business and employ someone? What should I think about when doing a business merge...
Mar 05, 2023•29 min
Australian Business Podcast is back on the airwaves and this time. Owen Rask is joined on The Australian Business Podcast by accounting experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to share the 6 things you should know about running a business -- before you start. Here are the 6 things Owen, Danil & Jordan have identified: Be ready to be switched on 24/7 Your best ideas come at the most random times. Whether working on the business or taking customer calls 24/7. It can be a ver...
Feb 26, 2023•25 min
Nectr is an energy retailer that achieved 20,000 customers and annualised at $20 million of revenue within just two years. Nectr is run by Andrew Butler, a former electrical linesman born in regional Victoria. In this Australian Business Podcast episode, Andrew Butler and Owen Rask talk about the challenges and opportunities of running a renewable energy start-up, developing team culture that focuses on customers, remote work, being bought out by an overseas company, and more. Australian Busines...
Feb 18, 2023•37 min
Glen James is the founder of My Millennial Money, a financial education and podcast business that turns over $1.2 million in revenue annually. This podcast episode with Glen James was originally featured on The Australian Investors Podcast so it covers building a podcast, Glen's story from tradie, to financial adviser, to investor, to podcast empire. It also dives into what Owen and Glen know about money, investing, careers, life and more. Everyone can learn something from this episode of The Au...
Feb 11, 2023•1 hr 5 min
Cameron Falloon is the founder of BFT, one of Australia's (and the world's!) fastest growing fitness brands; Jon Gregory is the founder of Vitruvian, a world-leading connected fitness business that uses deep science to keep you working out at your best. Cameron Falloon and Jon Gregory join Owen Rask for a deep dive into fitness, business, Covid's impact on health, science in sport and so much more. Australian Business Podcast resources Owen Rask’s free business course Ask a question This Austral...
Feb 05, 2023•54 min
Australian Business Podcast is back on the airwaves and this time, we've brought in two experienced accountants to help you put your business accounting and cash flow on autopilot. Seriously. In this Australian Business Podcast episode accountants Jordan and Danil from Grey Space Advisory will help you break apart your finances and put them back together, just better. WATCH THE VIDEO This will save you headaches, time and money! Topics discussed in this Australian Business Podcast episode: Bank ...
Jan 27, 2023•31 min
Nick Crocker is a general partner at Blackbird VC and founder or co-founder of numerous companies. Out of maybe 600 podcasts, this Australian Business Podcast episode has to be one of the best podcasts I have ever done. WATCH THE PODCAST ON YOUTUBE If any of these topics resonate with you, you will enjoy this episode: Building a business Investing in companies Creating anything - products, businesses, etc. Team building How to communicate better Australian business culture Opening yourself up to...
Jan 21, 2023•1 hr 22 min
This episode featuring Niki Scevak, co-founder of Blackbird and the founder of Startmate, originally appeared on The Australian Investors Podcast. Niki is arguably Australia's most influential and successful venture capitalist (VC). Venture Capital is a name for investing in companies at the earliest stage in their journey. Sometimes, before they've even got a business at all! Niki and Owen talk about venture capital investing, co-founding Blackbird, what startmate did for Aussie tech companies,...
Jan 13, 2023•1 hr 15 min
On The Australian Business Podcast we will be the first to tell you running your own business is bloody tough. Filled with scattered thoughts, lonely nights, and some harsh lessons learned. Listen to our episode, Why 40% of Businesses Fail - Big Ideas & Cold Realities That said, running a business it's also super rewarding -- when you get it right. The Australian Business Podcast exists to help you start, manage and scale your business. From an idea to an IPO on the stock exchange, whatever your...
Jan 04, 2023•30 min
Dr Sam Hupert joins Owen Raszkiewicz on The Australian Investors Podcast to talk about the business he started with Anthony Hall, Pro Medicus Ltd (ASX: PME), back in 1984. Owen and Sam talk about: Starting a technology business before personal computers The growth of medical imaging The future of medical imaging How Sam Hupert thinks about capital allocation Culture at Pro Medicus, hiring and the incentive structures for success Dr Sam Hupert is a doctor, a long-serving public company executive,...
Nov 26, 2022•56 min
In Australia, you now need to get yourself an ATO Director ID number and report it against your name. Here's what you need to know about how to get the Director ID. As I say in the podcast, I did it in 5 minutes but it might take you a little longer. FULL INSTRUCTIONS: How to get a director's ID Note: Owen is not a registered tax accountant or tax lawyer. Just a business owner and investor. Go speak to your accountant before acting on this information. Learn more about your ad choices. Visit meg...
Nov 24, 2022•6 min
Andrew Henshaw is a founding partner and managing director of Velocity Legal, a legal firm designed to help new and existing business owners manage all of their legal matters -- from complex tax situations, setting up your legal structure (properly!), commercial deals (buying and selling a business), and so much more. Andrew Henshaw sat down with Owen Rask on The Australian Business Podcast, Australia's leading podcast series for business owners, to talk about his business, and the lessons learn...
Nov 21, 2022•44 min
Molly Benjamin is the founder of Ladies Finance Club, an in-person and online platform for connecting women with each other -- and their finances. In this Australian Business Podcast with Molly Benjamin, your host Owen Rask asks Molly how Ladies Finance Club came into existence, why women meeting to talk about money makes sense and how she scales her business. Then, in the second half of the podcast, Molly shares some of the wisdom she has gathered from her community. Things such as money saving...
Nov 14, 2022•46 min
Alisha Henderson is the creative genius and go-getter behind Sweet Bakes cakes, the author and designer of the Storybook Sweets, speaker, Instagramer and so much more. This podcast was recorded mid-2020 and original featured on The Australian Finance Podcast. But it was too good to pass up. Alisha's journey with Sweet Bakes started when she was just 19, it's been profitable since day one and has experienced incredible growth as she meticulously crafted her brand, marketing strategy and lived her...
Nov 07, 2022•47 min
Wayne Hooper is the CEO of Laserbond Ltd (ASX: LBL), a $90 million business listed on the ASX that performs surface engineering. This episode first appeared on The Australian Investors Podcast. Wayne Hooper sat down with Owen Rask on The Australian Investors Podcast at Laserbond's Sydney-based factory in Smeaton Grange. Full show notes: https://www.raskmedia.com.au/2022/10/26/laserbond-lbl-wayne-hooper/ Video version: https://youtu.be/1Sr2c07Z0HA This Australian Business Podcast Episode is for f...
Oct 31, 2022•52 min
The Australian Business Podcast welcomes Matt Vitale, co-founder of Birchal — one of Australia’s best crowdfunding platforms. Matt Vitale talks with Owen Rask about his journey in building Birchal, the lessons learned from helping over 100 founders and why selling shares to raise capital can unlock growth. VIDEO VERSION: https://youtu.be/1Sr2c07Z0HA Please note: Matt is uniquely positioned to talk about small businesses, how crowdfunding works, how to attract investors into your business and the...
Oct 22, 2022•56 min
Australian Business Podcast, Australia’s newest top business podcast welcomes Joe Molloy, co-founder of Rumble Coffee Roasters in Melbourne, to walk us through: How coffee is made Who makes money in cafes Finding great baristas and staff How a cafe can make bigger profits – Joe estimates the best cafes could turn over $1 million per year! Common mistakes to avoid in building a cafe The best tools and software to build a cafe from scratch Joe’s advice for all cafe owners Podcast video: https://ww...
Oct 11, 2022•30 min•Season 2Ep. 1
Australian Business Podcast episode #12 is now live on the Rask network: when you get paid. Many Australian small business owners will work months at a time, without a day off. Many of us do 10-12 hour days, sacrificing time with family and friends. Most of us will work for weeks, months or years — without taking a salary. All of us take our work home, whether we show it or not. This is normal. As a result, I often see many of us going a long time without putting ourselves first. In part 12 of T...
Oct 01, 2022•12 min
Australian Business Podcast episode #11 is now live on the Rask network: the 6 ways your business will definitely die ☠️. Remember, at least 40% of Australian small businesses fail within 5 years. So, yes, this is as scary as it sounds. Your business will definitely die if you do these 6 things. I all but guarantee it. You: “Owen, this business thing is daunting enough as it is, why on earth are we talking about this stuff now?” Queue a Charlie Munger quote… It is remarkable how much long-term a...
Sep 28, 2022•14 min
Australian Business Podcast episode #10 is now live on the Rask network: my best software, apps and tools for small business owners. In this episode, I -- Owen Rask, founder of The Rask Group -- dive into my favourite tools for small business owners. 1. Design – Canva – Link 🎨 2. Xero – accounting, HR, Super & Tax 🧮 3. WordPress – More advanced website builds 👩💻 4. Google Workspace 👨💻 5. Payment terminals – Smartpay or Square 🧾 You can download our business plan template on Rask Educati...
Sep 26, 2022•18 min
Managing your tax, HR & superannuation is a key part of running a small business in Australia. But it's confusing. Australian Business Podcast episode #9 is now live on the Rask network: managing your small business HR, Super & tax. This episode of The Australian Business Podcast is designed to go with lesson 9 of Rask's free business course: managing business admin. In this episode, I -- Owen Rask, founder of The Rask Group -- dive into the following business topics: Creating an employee welcom...
Sep 24, 2022•25 min
Accounting for small businesses is confusing and a leading cause of small business fails in Australia. Australian Business Podcast episode #8 is now live on the Rask network: understanding the basics of accounting for small businesses. A great accountant is worth their weight in gold but the reality is no one will ever care for your business as you do – so it’s vital you understand what’s happening with your business. Lack of understanding the finances of your business is the number-three 🥉 rea...
Sep 21, 2022•10 min
Sole trader, ABN, company, ACN... what's the difference? Australian Business Podcast episode #7 is now live on the Rask network and we're tackling how to choose a business structure to suit your business needs. In this episode, I -- Owen Rask, founder of The Rask Group -- dive into the following business topics: Company legal structures - pros and cons Sole traders - pros and cons Partnerships - pros and cons Trusts - including family/discretionary trusts and unit trusts 3 case studies and my bu...
Sep 19, 2022•26 min
Australian Business Podcast episode #6 is now live on the Rask network: how to get money to finance your small business -- using cash savings, loans or equity. This episode aligns with Lesson 6 of the Rask free business course. Note: if you're looking for a business partner, adviser, coach or investor in your business idea, I want to hear from you. I'm actively looking for small businesses that I (or my network) can support. Get in touch with me. I highly recommend avoiding debt, especially when...
Sep 17, 2022•15 min
