Ahead of the Game - Actionable Business Insights from Entrepreneurs, Founders and Business Leaders

This is the seventh and final podcast, in a series of seven, where we interview our very own expert (and Managing Director), Michal Fox. To be successful in a multi-generational family business, sometimes it’s a matter of a conversation with somebody who's got a significant background in this area and having them on hand to assist you in dealing with diverse and complex scenarios. In this blog, we talk about having this type of person available to you as part of your family office.

In this podcast, we discuss investing outside of the traditional family business. This may sound like an oxymoron but, just as anyone working for or in a business, we want to pay off our house or into superannuation, so that we can prepare for future needs and build wealth. The same is true for aspirations of individual family members in a family business, with the added complication of being in a family business! They may have ambition to provide a future source of wealth, interest and challenge for future generations, so investing in another type of business or industry may become an option. For more information visit www.kmtpartners.com.au Facebook: www.facebook.com/KMTpartner/ LinkedIn: www.linkedin.com/company/kmt-partners

This is the fifth blog, in a series of seven, where we talk about achieving succession and wealth for the next generation. In the interview with our Managing Director and resident family business expert, Michael Fox, he talks about aligned family values as the glue that secures proper governance in a family enterprise. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit www.kmtpartners.com.au Facebook: www.facebook.com/KMTpartner/ LinkedIn: www.linkedin.com/company/kmt-partners

This is the fourth blog, in a series of seven, where we talk about the family enterprise and, in particular, successfully managing succession from one generation to the next. We interview our Managing Director and family business expert, Michael Fox, who speaks about the gems in his recent paper, Riches to Rags in Three Generations. Whether you are a public company or a private enterprise, let alone a family-controlled private enterprise, the future relies on the financial horsepower and the values held by the overall organisation. These values and how they relate to the business and family can nurture every aspect of aspiration, from whether it's employment, ownership, or just being a family member. In this blog, we talk about keeping it together in a family enterprise. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit www.kmtpartners.com.au Facebook: www.facebook.com/KMTpartner/ LinkedIn: www.linkedin.com/company/kmt-partners

This is the third blog, in a series of seven, where we talk about family business succession, along with other issues, in running and managing a family enterprise. In this blog, we talk about conflict. Conflict is inherent in any business but, with a family business, there are also inherent complications. Are you creating foundations and living up to the next generation's social aspirations, and the social aspirations of the founding generation? How can you identify, prevent and manage conflict? All of this is extremely important, often for the extended family’s continued harmony, as well as the health of the business itself. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit www.kmtpartners.com.au Facebook: www.facebook.com/KMTpartner/ LinkedIn: www.linkedin.com/company/kmt-partners

This is the second blog, in a series of seven, where we interview Michael Fox, our Managing Director, about the handover of a family business, from one generation to the next. In this blog, we talk about the challenge of transition, particularly how to do it to ensure business continuity.

The topic of this series is about family business succession. Michael Fox, managing director at KMT Partners, will be discussing some of the fundamentals of family business succession in this 1st episode - Getting your values right and planning to hand over the reins. But you can go even deeper by reading Michael's family business succession paper titled riches to rags in three generations. There's a direct link in the show notes for this episode and you can also find the paper at the KMT website.

Jean Cannon is in the business of changing lives every day, by helping people overcome stress, trauma, PTSD and addiction. Jean is a clinical hypnotherapist who has committed much of her life to studying and understanding the power of the mind. And while Jean has the backing of formal qualifications, it’s her life experience that sets her apart. She overcame physical disabilities as a child, family traumas, breast cancer and more, and it was her journey of personal healing that led to her life calling and business. Jean talks about the power of the mind, the science of trauma and her business model, as well we her personal story and lessons learned. Connect with Jean at https://www.jeancannon.com.au/ This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this instalment of our mini series, Changing the Game, KMT director Lachlan Kennett provides short and sharp tips and insights on business risk. Listen now. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Dan Smith is country manager for Mass Challenge a startup accelerator with a global network in throughout Boston, London, Mexico, Adelaide and more. Dan has had significant exposure to startup and new business programs, and we talk about a range of issues, including - the purpose of a startup accelerator, other new business programs and the different functions on offer. And then there’s the big question: Which program, if any, is right for you? We also talk about startup ecosystems, and how startups can transition out of the safety net of these supportive programs into the real world. And then we chat to three startup founders who have just been through the MassChallenge program to talk about the birth of their companies. Will Conlon, Think Holographic https://www.thinkholographic.com/ Hugh MacGillivray, Hop The Wall https://www.hopthewall.com.au/ Richard Kwan, Titan Online Links: MassChallenge - http://www.masschallenge.org Startup Adelaide - http://www.startupadelaide.com.au Roundtables: The Executive Roundtable - The http://www.theexecutiveroundtable.com.au/ CEO Institute - http://www.ceoinstitute.com/ This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this instalment of our mini series, Changing the Game, KMT director Lachlan Kennett provides short and sharp tips and insights on personal risk. Listen now. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Kathy Toth is a business consultant and Chair at KMT Partners. Kathy shares the story of KMT, which was founded by her father, Dr Andrew Toth, after he emigrated from Hungary, and the values that were instilled in her, and the business, during those early years. Over more than three decades, Kathy has advised clients across a range of business types, sizes and industries, as well as helping individuals grow their wealth. Kathy talks about how business has evolved over her time, challenges facing business owners now, lessons learned about business growth and the common qualities shared by the most successful people she’s worked with. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this instalment of our mini series, Changing the Game, KMT director Lachlan Kennett provides short and sharp tips and insights on business succession. Listen now. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Professor Adam Steen from Charles Sturt University has worked in several leading business schools both in Australia and internationally, and his research has been published in leading journals globally. Adam’s work cuts across the boundaries of accounting, finance and welfare economics and includes studies which consider the cost of social and economic disadvantage. In this episode though, we focus on Adam’s research into estate planning. The results are startling, to say the least, with most Australians potentially putting their estates and even their businesses at risk .. while also exposing loved ones to an administrative nightmare. Then there’s the impact of digital assets, which most of us are not prepared for. Adam talks about the state of play - what can be done to bring order to our estate planning, and the challenge of raising awareness of the somewhat taboo issue of death and what happens to our personal world when we’re gone. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this instalment of our mini series, Changing the Game, KMT director Lachlan Kennett provides short and sharp tips and insights on planning and funding retirement. Listen now. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

This is the first episode in our mini series, Changing the Game, where KMT director Lachlan Kennett provides short and sharp business and wealth tips and insights, drawing on issues raised by our guests throughout our show. In this episode, Lachlan talks about investment fundamentals. Listen now. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In the third and final part of our entrepreneur education focus, we talk to John Peterson and Michael Parsons from Best Practice, a company that provides Fortune 500 level business education, coaching and mentoring programs tailored to small and medium sized businesses. Best Practice founder John Peterson is a self-made serial entrepreneur who has been studying and teaching the craft of business for over 20 years. He has founded numerous companies, working across Australia, Hong Kong and Singapore, and consulted to many industries including accounting, advertising, IT, HR, legal and mining. Michael is a management consultant who has spent over 25 years helping Australasian businesses grow, focussing on people, process and performance. John and Michael discuss the biggest issues facing small business owners, succession planning, capital and cash flow, and the challenge of gaining further education while running a business. For more information about Best Practice, visit http://bestpracticeprogram.com.au This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this episode we continue our theme of entrepreneurship education with Professor Noel Lindsay. Professor Lindsay heads up entrepreneurship at the University of Adelaide - as Pro Vice Chancellor of Entrepreneurship, Director of the Entrepreneurship, Commercialisation and Innovation Centre (ECIC) and Academic Director of the University’s Singapore Operations. Despite his qualifications and achievements, Professor Lindsay initially dropped out of school to pursue business, which would provide a hands on foundation for his academic work later in life. We talk about his story, as well as the role of universities in entrepreneurship, global entrepreneurship trends, creating ecosystems, the global export of his eChallenge program and ThincLab incubator .. and much more. Find out more about entrepreneurship at University of Adelaide https://ecic.adelaide.edu.au/ This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Our next few episodes focus on entrepreneurship education, which is somewhat contentious, because a lot of discourse around the topic is built on stories of the ‘self-made founder', 'university drop out' and learning as you go. So, we’re investigating this issue of education for entrepreneurs and business owners, starting with a conversation with Professor Fredric Kropp. Fredric has been professor of entrepreneurship and innovation at Middlebury Institute of International Studies in California and also at the University of Adelaide. He also spent 20 years working with consulting firms, specialising in forecasting, marketing and policy analysis. He was educated at Northeastern University in Boston, University of Southern California and University of Oregon. We talk about key attributes of successful entrepreneurs, key fundamentals for teaching entrepreneurship, the emergence of social entrepreneurship and much more. Entrepreneurship at University of Adelaide https://ecic.adelaide.edu.au/ This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Eddy Collett is the founder of Sunlight Liquor, a unique company that is reimagining how honey and alcoholic beverages can be used together. For Eddy, the journey started with a passion for beekeeping, a not so common hobby that opened up his mind to issues of sustainability and the environment. Looking for a unique way to use honey, Eddy partnered with his friend Tom O’Reilly, who started his career brewing beer with Stone and Wood. With no business experience, the duo founded Sunlight Liquor, and on a steep learning curve, Eddy and Tom have developed a great product, secured early sales and are now preparing for the next big step in growth. Sunlight Liquor: http://www.sunlightliquor.com/ This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

Stacey George shares the story of her company, Smartart, a high end picture framing business sought after by South Australia’s top architects, designers and premium home owners. Stacey talks about finally starting her own business, which had been a dream since she was 13. But of course reality had much more ups and downs than expected. The banks wouldn’t back her, and she was forced to borrow money privately. Finding the right premises was another ordeal. Stacey narrowly avoided a period of business homelessness, moving her factory, stock, showroom and office twice in three months. Not to mention the challenges of juggling all of this with three young children. BUT .. there’s been plenty of highs, and valuable lessons learned, which Stacey shares in our interview. Find out more about Smartart: http://smartart.com.au This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

They say ‘if the shoe fits, wear it’, but what if you can’t find any shoes that fit at all?! Back in 2007, Lauren Whiting couldn’t find shoes big enough to fit her feet. So, on a hunch that she wasn’t alone, Lauren naively went about building a business. She took out a loan, rented out a store and imported shoes of many styles and sizes. With a bit of luck, she found a mentor and early customers. Word quickly spread Australia wide, which led Lauren to launch the company online. More than a business, it was a community of people coming together around a common problem. With typical cashflow and staffing pressures, Lauren was also raising a young family. She juggled both side by side, before eventually making the tough decision to shut the business down. But the story doesn’t end there. On top of her physiotherapy qualification, Lauren’s been studying entrepreneurship at the University of Adelaide, and is getting practical with a soon to be launched new startup, Lift Rehab. Lauren shares the highs, lows and lessons learned from her story. This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

In this episode we share the fascinating story of the Police Officer who was moonlighting as a piano repair man .. until the piano service business took on a life of its own! But surprisingly, Joe Leaver didn’t start out as a piano player. He got into the business by helping out in a family friend’s piano workshop. After spending a number of years learning the craft, he then decided to pursue an alternative career in the Police Force, but he never gave up the Piano work, continuing to repair and service from the boot of his car between shifts. Now Joe has put his policing career on hold to grow his Mobile Piano Service business. He now has a team, a workshop and store, and a broader suite of services. Joe talks about his story, the evolution of his business, the challenges and plans for the future. Mobile Piano Service: http://mobilepianoservice.com.au This podcast is brought to you by KMT Partners. KMT is a leading accounting and wealth management advisory firm in South Australia, assisting you to emerge, renew, grow and build resilience in business, themes which are central to this podcast series. For more information visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com

This episode is just a very quick introduction to the Ahead of the Game podcast, hosted by Andrew Montesi. The show is brought to you by KMT Partners, a South Australian accounting and wealth management advisory firm that works with the passionate people who are founders and leaders in business. Many of these clients had been asking KMT advisers questions like: “How do I grow my business?” “How do I become a leader in my field?” "How do I build resilience in my team?” “How do I stay ahead of the game?" So KMT has set up this podcast to answer these questions and more, through open and informal interviews with the people who are doing it. Entrepreneurs and business owners will take you on their journey, revealing stories of starting companies, growing pains, successes, failures and living their values in the midst of the many challenges. This podcast is for people interested in personal and business growth. Each episode, we’ll bring you 30 minutes of actionable insights to help keep you and your business Ahead of the Game. We’ll be sharing interviews regularly so please subscribe on iTunes or your favourite podcast player. We hope you enjoy the show! For more information about this podcast and KMT Partners, and to get in touch, visit http://KMTpartners.com.au Subscribe to our mailing list: https://kmtpartners.com.au/kmt-partners-podcast-sessions-join-our-mailing-list/ KMT on Facebook: https://www.facebook.com/KMTpartner/ KMT on LinkedIn: https://www.linkedin.com/company/kmt-partners This podcast is hosted and produced by Andrew Montesi from Apiro Media http://apiropodcasts.com