The Financial Mentor with David Boyar – Details, episodes & analysis

1. How this business grew with loans from family, friends and fools.

Interview with Andrei Dolnikov, Founder and CEO of Binyan Studio

Do you choose to get a job or choose to chase a dream strait out of University? As soon as this business owner knew he could win work he set out to build a world leading 3D rendering and architectural design studio that now spans 4 cities, 2 countries and over 100 staff. His growth story is natural, his people management challenges relatable and has a clear message. You have to choose to grow.

2. Why the banks let you down

Interview with Frank Versace, Co-Founder and Managing Director of Judo Bank.

Want to finally have a positive business banking experience? That’s what Judo Bank, Australia’s newest full service business bank is offering business owners. 

3. The New Business Paradigm: Volatility, Uncertainty, Complexity, Ambiguity

Interview with Trey Zagante, Founder and Managing Partner of Venturetec. 

This segment is brought to you by YBF Ventures.

Business is changing faster than ever. Trey Zagante helps big business innovate and manage a VUCA environment. He has some great advice for small and medium businesses. 

About Us 

The Financial Mentor is brought to you by Sequel CFO. 

Sequel CFO is a franchise network of highly experienced CFOs who offer their expertise and insights to small to medium sized enterprises (SMEs). Our goal is to empower SMEs to make considered decisions using fact based information, which will improve the financial health of their business.

See omnystudio.com/listener for privacy information.

Inside the Business: Helping charities raise more dollars by gamifying donations.

With Peretz Schapiro from Charidy

Charities are close to one of the oldest industries going round. Yet the industry hasn’t innovated in the way it engages with donors, or entices them to give, in a long time. This company gamifies a donor's small donation to amplify its impact and create an urgency to give.

What Tech Gets You Global

With Keran McKenzie, The Futurist Project

We outline the key technology needed to take your business global.

The Pitch: OmnyStudio – A global leader in a brand new sector

With Sharon Taylor, CEO at OmnyStudio. This segment is brought to you by YBF Ventures.  

This company is an Aussie success story, leading the world of podcasting with a small team, whilst remaining profitable and growing the emerging new medium, podcasting.

See omnystudio.com/listener for privacy information.

How to Pay Yourself (with Michael Colman, Co-Founder of Digital Thing)

Do you:

• Not charge enough  
• Work crazy hours 
• Not produce work you're proud of any more because you're too busy growing? 

Then listen to Michael’s story, he got bigger to solve these problems. 

How to Invest in Innovation (with Keran McKenzie, The Futurist Project)

Innovation isn’t about separate division or budget, it’s about everyone asking if there’s a better way to do something. Keran shares two ways to recognise innovative behaviour in your business and three tips on how to innovate. 

The Pitch (with Dr Adam Bumpus, CEO of Red Grid)

This segment is brought to you by YBF Ventures.  

This business wants to solve your energy costs by using the internet 

Imagine only using energy as you need it. And now imagine sensors in the devices you already have detecting your energy needs and optimising your energy bill to reduce your needs and costs. That’s what Dr Adam Bumpus from Red Grid is doing.  

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Season Overview: Financial Basics 101

Episode Focus: Cash Flow v Profit

'How To' with David Boyar

• Get back to basics with these crucial accounting concepts
• “I’m making all this profit, where’s my cash?” – How do different drivers in your business impact your cash flow?
• What’s your strategy? Cash is king isn’t always the answer.
• How to know when to reinvest in your business, or when to keep the cash on hand.
• How to utilise technology and software in your business to create the most value.
• Using ‘attack’ and ‘defence’ positions to keep your business on top and maximise profitability and cashflow
• Find out at what stage of the business cycle you should turn your attention from cash to profit.
• Find out what happens when your overtrade or grow to fast. Read about the failure of Appster with this inside interview from their CFO.
• Why is it socially acceptable to talk about ‘cash flow problems’ in your business, but much harder to discuss a ‘profit problem’?
• Understand the drivers in your business so that you can plan forward with confidence.

Tech in Your Business: With Keran McKenzie

Thank you to Keran, from The Futurist Project, for joining us this season to talk about how to use tech to maximise value in your business.

• Tools to increase profitability and cash flow at the same time
• Decrease debtor days with these easy to execute strategies or try third party apps or add ons, like ezyCollect or SimplyPay
• Automate your debt collection process from within your cloud accounting platform with Debtor Daddy, ezyCollect or IODM
• How to reserve your business’ talent where it is needed most, instead of on costly, repetitive tasks
• How Hexaware enabled a huge reduction in employee overheads

The Pitch: Piccard AI

Thanks to Timothy Kallady, from piccard.ai for The Pitch. This segment is brought to you by YBF Ventures.

• How piccard.ai helps businesses by using predictive technologies
• The business case for using these technology to reduce overheads
• How they’ve brought new technologies, like AI and machine learning, to the market

About Us 

The Financial Mentor is brought to you by Sequel CFO. 

Sequel CFO is a franchise network of highly experienced CFOs who offer their expertise and insights to small to medium sized enterprises (SMEs). Our goal is to empower SMEs to make considered decisions using fact based information, which will improve the financial health of their business.

To book your free Discovery Session with an experienced CFO, head to www.sequelcfo.com/deal

See omnystudio.com/listener for privacy information.

Because business is more than growth hacking, marketing and startup up buzzwords we have The Financial Mentor with David Boyar. Lifting the lid on business.

In The Wrap this week, we find out how Ticketek have restructured their company, what the Fyre Festival debacle has to do with your business and some time management inspiration from the professionals

Futurist, Keran McKezie, talks us through why tech is dead.

Dom Pym, co-founder at Up Banking, takes us through The Pitch.

See omnystudio.com/listener for privacy information.

What's the point of getting big?

Appster grew. Fast. Very fast. Then it failed.

In this interview with Appster CFO Mahesh Gupta you will learn:-

·      Why it’s important that your CFO has influence in your decision making - Appster didn't. Their CFO was in India and whilst technically competent and could see the writing on the wall, failed to mentor the business through the troubled waters ahead.

·      What reports founders Mark McDonald and Josiah Humphrey received to make sure their company was growing and performing properly

·      Why the decrease in Australian Property prices reduced Appster's potential client pool

·      The differences between the cash flow you can expect from startup and enterprise clients

·      Why you should price in how long it takes for your customers to make decisions whilst being serviced

·      Why bloody hard work, 18 hour days and genius marketing lead to Appsters growth.

See omnystudio.com/listener for privacy information.

Because business is more than growth hacking, marketing and startup up buzzwords we have The Financial Mentor with David Boyar. Lifting the lid on business.

In this revamped show we sit down with Futurist Keran Mckenzie to find out why the voice technology shown off at CES matters in the real world, David mentors you through the Gilette re-brand fiasco and proves why your business has nothing in common with them or their marketing and with Afterpay jumping from success to success David asks, is it actually good for us?

The pitch this week comes from NZ startup https://aider.ai/ who wants to be your next rockstar employee.

But perhaps the best part of the show is saved till last, David tracks down the CFO of failed super growth business Appster to find out why it failed.

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YES! This is episode 1.

David looks at the lessons on work life balance from the Huffington v Musk debate.

Shoes Of Prey gives shows us what happens when a growth focused business misses it's sales targets but still loves it's customers.

Patrick Lee, founder of Rotten Tomatoes talks about the differences between a start up and CFO and why Start Up Grind is a great community for Entrepreneurs

Cathy Hodgson talks about how a growing company's organisation structure changes as it grows and how to de stress an entrepreneur worrying about the future

See omnystudio.com/listener for privacy information.