Transcript KEYS TO SUCCESS - Foundations Consulting

KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Be committed to your cause and continue to improve the
Eddy Groves
ABC Learning Centres



(Early Childhood Learning)

Robert Gerard
Clipsal
(Electrical Accessories)
Bob Thorn
Super Cheap Auto (Autoparts & Accessories)
structures you have in place
Make your brand stand for something
Make people feel that you are there for them
Create a positive environment, make sure you look after
your staff
Create staff consistency, do things that make them want
to stay and add stability to the company
 Patience
 Dedication
 Persistence
Setting clear, precise goals
 Be creative
Lisa McGuigan
Tempus Two
(Winemaker)
 Be patient
 Have passion and be flexible
 Be accountable for everything you do
 Find the perfect balance between romance and reality
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Provide great service
Jonathan Barouch
Fastflowers.com.au
(International Flower Deliveries)
 Provide a unique, distinctive service
 Don’t take no for an answer
 Believe in yourself
 Promote yourself and your business as much as you can
 Motivation would have to be at the top
 Persistence, I never give up
Cathy Pearce
Cathy Joyne Developments
(Real Estate & Property Development)
 I see that challenges and obstacles can be overcome
 I dream big
 I’m certainly not limited by anyone else's feelings
 I believe in myself and I’m keen
 Take a chance
Katherine Sampson
Health Habits
(Sandwich Bars)
 Have mentors
 Continuously educate yourself
 Have time for your family
 Have time for yourself
 Knowledge
Peter Brown
WestNet (I.T Service Provider)
 Passion
 Financial stability
 Leadership skills
 Hard work
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Do what you say you are going to do
Carolyn Creswell
Carman’s Muesli
 Be ethical and true to yourself
 Keep a tight rein on your costs and financials
(Gourmet Muesli)
 Be organised
 Be passionate
 Be open and responsive to change
Adam Davis
Tribeca (Financial Services Education)
 Focus on getting things done
 Act with integrity, and hold your values
 Know where you’re heading, have a vision
 Have fun and be passionate
 Never compromise on quality, that includes franchisees,
Dan Wales & Matt Lennox
Wellbeing
(Health Bar)




locations, training, partners and suppliers
Stick with what you believe in
Know where you want to go
Don’t take no for an answer
If something is unavailable, find it or develop it yourself
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Maintaining your integrity and making sure you’re
Craig Winkler
MYOB
always considering the ethical implications
 Be innovative
 Have fun
 Dedication and commitment
 A good idea
Justine Absalom
Eventix (Event Management & Ticketing)
 The ability to brand
 To take that branding into the marketplace and get the
message across
 To find a niche within an existing market
 Trust – We keep our commitments to each other and our


Michael Dell
Dell Inc (PC & I.T Equipment)




stakeholders
Integrity – We do the right thing without compromise.
We avoid even the appearance of impropriety
Honesty – What we say is true and forthcoming, not just
technically correct
Judgment – We think before we act and consider the
consequences of our actions
Respect – We treat people with dignity and value their
contributions. We maintain fairness in all relationships
Courage – We speak up for what is right
Responsibility – We accept the consequences of our
actions. We admit our mistakes and quickly correct them
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Persistence & lots of hard work. Never giving up on your
vision is a sure way to succeed eventually
 Honest communication with business shareholders.
People will be supportive & respectful if you are straight
with them. The ones who run when you give them the
bad news are not the ones you want involved anyway
 Supportive investors/shareholders. Without a few of my
Ben Macpherson
Artists and Entertainment Group
(Artist Management Services)
investors in this business, we wouldn’t be here. You need
big supporters like these because no one can do anything
truly worthwhile completely alone
 A supportive family & relationship. Ditto above. Having
a great personal platform will give you the strength &
ability to weather the storms and go the distance
(critical)
 Focus on people. Hiring the right ones and bring them
close, & ridding yourself of the wrong ones. People are
everything. My philosophy is that I’ve got better things
to do than hang out all day with people I don’t think are
great. Be ruthless. You will enjoy work more and the rest
of your team will value the fact that you have a zero
tolerance for Muppets
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 I have to be passionate about the investment or I don’t

Peter Butterly

(Property Investment & Development)


get involved
Don’t go in half-hearted. I always back the investment to
the limit
Move swiftly when the opportunity arises. In the
property market, timing is everything
Know you market. Then get to know it better
I believe the harder you work, the luckier you get. Work
hard.
 Keep a level head
Mark Alexander-Erber
PUBBOY (Pub & Hotel Management)
 Save some money for a rainy day
 Look after your staff
 Reward yourself
 Be honest and loyal
 Trust
 Teamwork
Matthew Penfold
Business Franchise Group
(Franchise Management & Support)
 Confidence
 Passion
 Balance of life
KEYS TO SUCCESS
Entrepreneur
Keys to Success
 Have the drive to see something through to the end
Greg Stokes
Barokes
 Start with a vision and believe in it
(Winemaker & Wine in a can)
 Have the determination to overcome any obstacle that is
 Have the determination to make the business work
 Believe in yourself and the quality of your product
put in front of you
 Be good at what you do
Gemme Kelly & Emma Brown
Staff it
(Staff Recruitment)
 Lose your ego in business and seek advice
 Network
 Invest in your education
 Surround yourself with good people