In this conversation, @Michael Kerr and @Amy Christopherson, founder of @Grounded HR, discuss her pathway into small business ownership, the importance of HR in small businesses, and the challenges faced by business owners.

They explore the significance of leadership in employee engagement, navigating difficult conversations, and building a positive workplace culture. Amy shares insights on #exit planning, #employee ownership, and the impact of #remote work on business operations. The discussion emphasizes the need for a growth mindset and the importance of focusing on people within organizations.

Takeaways;

• Amy started Grounded HR while traveling Australia.
• HR should be accessible to small businesses from day one.
• Disengaged employees can sacrifice profit.
• Business owners need to learn people management skills.
• Difficult conversations are acts of kindness.
• Small gestures can build a positive workplace culture.
• Remote work has changed employee expectations.
• Exit planning is crucial for business resilience.
• Employee ownership can be a viable transition strategy.
• A growth mindset is essential for business leaders.

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au

Host @Michael Kerr speaks with @Honor Northam about her journey in business ownership and her advocacy for employee ownership. They discuss the challenges and benefits of transitioning to employee ownership trusts (EOTs), the impact of small businesses on local communities, and the cultural barriers that hinder the adoption of employee ownership in Australia.

Honor shares her experiences with her bakery, @Honorbread, and how with limited formal business qualifications she has successfully run multiple businesses.

The discussion covers;

• the upside of employees having a real stake in the companies they work for
• #employeeownership as a way to reward those who contribute to a business's success.
• how transitioning to an employee ownership trust can be financially beneficial for business owners
• why #communityimpact is a significant consideration for small business owners when thinking about #exitplanning
• how small businesses play a crucial role in supporting local communities
• why understanding #EOTs is essential for business transitions.
• why cultural perceptions of ownership can hinder the adoption of employee ownership models.
• why regular business valuations are important for planning transitions
• how the future of employee ownership in Australia is promising but requires more advocacy and understanding.

Chapters

00:00 Introduction to Employee Ownership

02:47 Honor's Business Journey and Employee Ownership Experience

05:59 Challenges and Misconceptions in Employee Ownership

09:09 Financial Benefits of Employee Ownership

11:56 Transitioning Businesses to Employee Ownership

15:01 Community Impact and Responsibility

18:01 Supporting Local Youth and Employment

20:52 The Complexity of Business Succession

24:09 Opportunities in Employee Ownership

26:09 Exploring Employee Ownership Trusts (EOTs)

29:20 Challenges of Employee Buy-In

32:30 Cultural Perceptions of Employee Ownership

37:43 Valuing Business Equity and Its Implications

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au

@Rosy McEvedy founder of @IV League Drips, shares her entrepreneurial journey.

1. Rosy founded the business in 2018 and has grown it to nearly 200 licensees.
2. She faced two major setbacks in her entrepreneurial journey.
3. The first setback was a partnership that ended poorly due to lack of compatibility.
4. Rosy's background in pharmacy and nursing influenced her business direction.

Rosy shares her personal take on the;

• Importance of #resilience
• Complexities of #businesspartnerships
• Value of self-awareness in business
• Need for thorough research and understanding when entering partnerships and the significance of hiring the right people to fill gaps in a business.

The conversation covers Rosy's innovative licensing model in the health industry, aiming to make preventative health services accessible across Australia.

Takeaways

• She highlights the importance of hiring over partnerships for business growth.
• Rosy's resilience and determination have been key to her success. Every business owner faces moments of doubt.
• Support from friends and mentors is crucial.
• Learning from setbacks builds resilience.
• Purpose should drive business decisions.
• A strong network can lead to opportunities.
• Financial health is vital for business growth.
• Mentorship can provide invaluable guidance.
• The importance of a purpose-driven approach.
• Building a sustainable business model is key.
• Networking can open doors to new opportunities.

rosy@ivleaguedrips.com

@michael kerr

@kerrcapital

Chapters

00:00 Introduction to IV League Drips

02:23 Rosy's Journey and Business Background

10:00 First Major Setback: The Partnership

24:40 Second Setback: Financial Distress and Lessons Learned

28:03 Overcoming Financial Setbacks

34:00 The Importance of Support Systems

38:57 Purpose-Driven Business

50:56 Mentorship and Guidance for Growth

Thanks for listening. Visit the Owner To Owner Podcast website to subscribe, listen back, or check out any resources or information mentioned on the show.

Search @ownertoownerpodcast on your favourite podcast player to subscribe and listen to the episodes.

Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au