I attended the Club 3004 July networking session at Lakeside Business Centre. Club 3004 is a networking group aimed at business owners based in the 3004 postcode precinct. The business network also attracts business owners based in surrounding suburbs and has been in existence for a substantial amount of time.
The event commenced with networking where we got to know other participants at the event. There was a large spread of cheeses and snacks available as we networked. I had previously attended Club 3004 about a year or so ago. Most people at this event were the same as those that had been there previously.
We were then ushered into a boardroom at the event where Mike Williams from Exit Value Advisors spoke about how business valuers evaluate the value of businesses. The discussion was insightful and raised important points around exiting a business, including the fact that there is a difference between a business valuation and the way that a business broker values a business. Most attendees at the event were service based business and Mike mentioned how these businesses need to separate the value that the business owner provides from the ability for the business to function on its own.
Once the formalities of the event finished, there was more time for networking, with most attendees choosing to remain at the event.
Over the years, Club 3004 has transformed from being a business group to very much a social group – where business owners can catch up for after work drinks.
Things to Note:
- Location: Lakeside business centre, 4/150 Albert Rd, South Melbourne VIC 3205
- Highlight: Topic covered was universally useful to all business owners
- Cost: $25.00
- Hot Tip: If you are a local business looking for an outlet – this is a great networking group for you
- Venue: 4/5
- Catering: 5/5
- Speaker: 4/5
- Networking Opportunity: 2/5
- Total: 15/20