In this episode, we dive deep into the world of artificial intelligence (AI) with industry expert Josh Thomas, co-founder of Anabots AI. With over 15 years of entrepreneurial experience, Josh shares practical insights on how small and medium-sized business owners can harness the power of AI to boost efficiency, improve decision-making, and drive business growth. We debunk common AI myths and explore real-world strategies that you can implement today to stay ahead of the competition. Tune in to discover how AI can transform your business and help you thrive in a rapidly evolving market! Don't miss out on these game-changing tips and strategies.


Josh Thomas is a 15-year grizzled veteran entrepreneur who has worked with more than 5,000 entrepreneurs across 30 different industries over the last 15 years. Many of his top clients have been able to 2X, 3X, and even 5X their sales in less than 90 days by following his proven sales systems and guidance.

A long-time business consultant, he is the Co-Founder of Anabots AI as well as host of “The Do Zone” and “Basic Business AI” podcast. Austin, Texas is currently home although he’s originally a Kentucky boy.

Josh's LinkedIn
Website: anabots.ai

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Discover proven cost-cutting strategies that can significantly increase your business profits without sacrificing quality. In this episode of 'The Business Behind Your Business,' we dive deep into practical tips and techniques to streamline your operations, reduce overheads, and drive sustainable growth.

Some of the strategies include:

1. Assess Current Expenses
2. Negotiate with Suppliers
3. Optimize Operational Efficiency
4. Reduce Fixed Costs
5. Outsource Non-Core Functions
6. Implement Energy-Saving Measures
7. Review and Adjust Pricing Strategy
8. Improve Inventory Management
9. Leverage Technology
10. Monitor and Adjust Regularly

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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Employee issues can drain time, resources, and morale from your business. By addressing these red flags early and effectively, you can maintain a positive workplace environment and ensure your business thrives.

Our experts James Frank and Raj Nathoo discuss the common issues that arise with employees in small and medium-sized businesses.

From legal compliance and the importance of clear communication to the impact of company culture and proper induction processes, get practical advice and actionable insights to help business owners address potential problems before they escalate.

Protect your business and create a positive, productive work environment.

Raj Nathoo is a Learning and Development Consultant and Specialist at Keystone Consulting Group Pty Ltd. He has a passion for learning and helping businesses realise their true potential through better skilled and trained employees. As a L&D Specialist his focus is on helping SME’s provide a better employee experience by developing onboarding and learning frameworks customised for their business.

As a learning and development consultant, he has worked with businesses to help them identify skill gaps within their organisations and the steps that need to be taken to close these gaps.

At Keystone, the focus is on:

• Enhancing the onboarding process
• Assessing training needs
• Developing customised training programs
• Helping organisations improve employee performance
• Creating a culture of continuous learning
• Implementation of a customised Learning Management System

Contact Raj at raj.nathoo@keyactlearn.com

James Frank is an experienced and innovative Corporate Lawyer specialising in Governance, Advisory, Restructuring, and Litigation matters. He holds an Advanced Certificate in Insolvency from the Australian Restructuring, Insolvency and Turnaround Association, showcasing his deep expertise in navigating complex financial situations.

James is not only passionate about law but also about innovation and technology. His background includes significant experience in building and scaling startups, making him a valuable partner for entrepreneurs looking to grow their businesses strategically.

As the Chief Executive Partner at Frank Law + Advisory, James integrates his legal expertise with a forward-thinking approach to support SMEs in achieving their goals. He spearheads the firm's @Work Service Model and Advisory Team, ensuring businesses receive tailored, proactive advice to navigate challenges and seize opportunities. Additionally, James founded Brolly Capital, which has a vision to provide growth capital and buyout solutions to SME founders. Brolly Capital currently holds investments in technology, professional services, ecommerce, and hospitality ventures.

Website: franklaw.com.au

Frank Law social media links:
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In this episode of "The Business Behind Your Business," host Paul Sweeney dives into the common excuses that hold business owners back from achieving profitable growth.

What is stopping your business from achieving "Better Business Profits than 70% of Your Competition"?

Paul explores actionable strategies to overcome these barriers. Discover how to move beyond the typical reasons for stagnation and implement practical steps to ensure your business thrives. Join us as we provide insights and solutions to help you unlock your business's full potential and achieve greater profitability.

Paul discusses key excuses such as:

"I'm already doing everything possible."
"I know everything about my business."
"There's no point in trying."

He shares effective strategies to counter these excuses, focusing on the importance of strategic action, seeking objective advice, and maintaining a positive outlook even in challenging times. Tune in to learn how to break free from limiting beliefs and take your business to new heights.

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In this episode of "The Business Behind Your Business," host Paul Sweeney discusses the concept of "The Great Wealth Transfer" with his guest, Inbam Devadason, a seasoned financial advisor with over 30 years of experience in the financial services industry. Paul and Inbam look at the significant demographic shift in business ownership in Australia, where over 50% of small business owners are over the age of 50, and only 8% are under the age of 30. This trend emphasizes the importance of effective succession planning and wealth transfer strategies.

Inbam highlights the importance of several key strategies in transferring business and personal wealth including:

• Succession planning
• Engaging younger generations in financial planning early on
• Having a financial planner with a client-centric approach involving establishing a relationship not only with clients, but with their families

Discover some valuable insights and actionable advice for business owners looking to navigate the complexities of wealth transfer and succession planning, ensuring the longevity and success of their businesses across generations.

This episode is a must-listen for small and medium business owners, financial planners, and anyone interested in understanding the intricacies of transferring wealth and business ownership in today's economic landscape.

Inbam Devadason - Our podcast guest Inbam Devadason is an author, father of 4 and the owner of Sydney the labradoodle. Inbam has over 30 years of experience in the Financial Services Industry.

Inbam loves to travel and has visited 30 countries around the world. His aim is to get to 50 by 2035.

Inbam loves variety and has lived in 7 cities. Melbourne, where he lives now is his second favourite place.

Inbam loves adventure and has conquered Mount Killimanjaro (Height 6,000).

Inbam is passionate about providing financial education to anyone who will listen and tries to help clients and friends to make wise financial decisions that will give them financial flexibility in the future.

Inbam is the Responsible Manager at Precision Financial and has overseen the business for 18 years.

As a way to give back to the community Inbam has:

1. Run financial planning courses in community colleges
2. Worked on a volunteer basis with people stuck in personal debt to assist them with a path out.

Contact Inbam at LinkedIn or advice@precisionfinancial.com.au

www.precisionfinancial.com.au

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In this episode of "The Business Behind Your Business," we discuss the critical importance of understanding your financial figures as the year comes to a close. With tax season approaching, maximising your returns and profits is crucial, but many business owners often overlook the need to stay on top of their financial data. We highlight the necessity of maintaining accurate and up-to-date financial records to make informed decisions and improve your business's performance.

Our host, Paul Sweeney, a seasoned chartered accountant and business advisor, outlines five key financial metrics every business owner should focus on: profit, revenue, net cashflow, inventory, and debtors. These metrics help track your business's health and ensure you can make strategic adjustments as needed.

Additionally, we revisit the essential tools every business should utilise, such as accounting software and customer relationship management (CRM) systems, to streamline financial tracking and improve overall efficiency. Tune in to learn how staying informed about your numbers can empower you to make smarter decisions and drive your business forward.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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In this episode of "The Business Behind Your Business" podcast, host Paul Sweeney interviews Dave Power, the founder of Power Creative, to explore the transformative power of video storytelling for business owners. With over 25 years of experience, Dave shares his insights on how to effectively use video to promote and grow your business by capturing the audience's attention and building trust.

Dave emphasizes the importance of planning and strategy in video production, explaining how a well-thought-out plan can save time and resources. He discusses the significance of collaborating with professional writers and interviewers to capture the right message and avoid common pitfalls. Dave also highlights the balance between self-generated content and professionally produced videos, offering practical advice on when to use each approach.

Listeners will gain valuable insights into the different types of video content, including testimonials, case studies, and product demonstrations. Dave provides guidance on setting budgets and expectations, discussing various pricing models and the importance of aligning your budget with your goals and project complexity. He stresses that investing in professional video production can enhance your brand's credibility and reach.

Tune in to learn from Dave Power's extensive experience and discover how to effectively use video to tell your business story, connect with your audience, and drive success. Visit Power Creative to learn more about Dave and his team's work, and explore the resources and examples available on their website.

Dave Power Power Creative are producers of video content for brands and businesses, globally & locally.

With an in-depth industry experience since 2001, the company founded by Dave Power has led to clients ranging from the individual looking to produce philanthropist media content, a family heritage documentary through to commercial and scalable internal corporate comms video content.

Their portfolio covers a range of sizes in business, from a smaller business through to clients such as Wesfarmers, Mirvac and Rare Cancers Australia.

You can view their portfolio of work here: powercreative.com.au
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Do you feel confused about what you should be doing for your business at the end of the financial year? Do you feel pressure to buy, buy, buy with the EOFY sales?

Or do any of these concerns around business taxes sound familiar?

• Scrambling to find the cash to make your tax payments
• Withholding spending on your business to free up money to pay your taxes
• Confusion and worry over taxes

You aren't alone! These are common feelings of many business owners. As we head to the end of the financial year in Australia, there is a critical opportunity for business owners, but one that is often missed...Tax Planning.

In this episode, Paul Sweeney is going to explain what key activities you need to be doing to pave the way for a great year ahead for your business. Paul will shine a spotlight on tax planning plus show you why you shouldn't get caught up in the pressure of EOFY sales.

So you haven't bothered with Tax Planning before - why should you start now?
The seasons are changing constantly and so is the environment we operate in. If you're a business owner, you are going to be affected.

Tax planning is all about managing your tax obligations smartly and legally. While we can’t avoid taxes, we can reduce the amount you owe. Careful planning and using available incentives and concessions can significantly improve your position.

Here’s why tax planning is important:

• Reduce stress over tax payments: Know what to expect and avoid surprises
• Lower your tax bill: Use deductions, exemptions and credits to pay less
• Understand your financial position: Get a clear picture of your business's finances so you can make informed decisions
• Better financial stability: Improve your cash flow and financial health
• Improve your tax position for the following financial year: Plan now to save more next year

So if you are thinking of giving tax planning a go this year, make sure you act fast. Contact your accountant today and don't let another year slip by with poor tax outcomes and shaky cash flow.

And remember, don't fall into the trap of buying something simply to get the tax deduction for it! Only buy it if you need it. Use your time and energy to focus on tax planning rather than chasing EOFY sales.

Paul Sweeney Chartered Accountant & Business Advisor, launched Pretium Solutions after a long and successful career in accounting and business advisory. Paul credits his passion for small business with growing up in country NSW, where family-run businesses were the cornerstone of everyday life.

For Paul, the driving force behind The Business Behind Your Business was to make high end, proactive, directed and value-based advisory services available to small to medium businesses.

Paul brings to the table decades of experience as a highly qualified accountant and business advisor at every level of business. Through consulting, coaching and on-the-ground training and operations, his focus is on unlocking the untapped potential for greater profitability. Paul’s qualifications allow him to pair strategic advice with an advanced understanding of taxation and compliance matters.

www.pretiumsolutions.com.au

https://thebusinessbehindyourbusiness.com/

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