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Entrepreneur Archives - Business Growth Partners

How to Build a Business on Purpose Event Review

By | Business

Today Halftime Global held a seminar titled How to Build a Business on Purpose. This event aimed to help aspiring leaders of business learn from established business leaders.

 

The content revolved around the 5 major challenges that can hold entrepreneurs back.

  • Lack of Vision and Purpose
  • Poor Leadership Skills
  • Financial Problems
  • Ineffective Marketing & Sales
  • Lack of Mentoring

The presenters, Peter Irvine and John Sikkema, discussed the challenges they faced during their time building businesses and how they navigated these issues.

Both John and Peter have had extensive experience in building purpose-driven businesses. Peter was one of the Co-Founders of Gloria Jeans Coffees and was part of the group that bought McDonald’s to Australia. John is the Founder of Garrisons Financial Planning and the Chairman of Halftime Global, which helps individuals re-define their goals in life and business.

 

John discussed how his imbalance between work and life affected not only his personal life but his business as well. While growing his business John was trying to manage most of his business himself, which was leading to inefficient processes and financial trouble for the business. John overcame this challenge through a couple of different steps, he sold a forty percent of the business’ shares to a Multi-National company and took a step back from the business. Selling the shares allowed the business to clear it’s debt, while maintaining a majority of the business. Taking a step back allowed John to focus more on his personal life and allowed the business to operate more efficiently and independently.

 

Peter discussed in detail how a vision and purpose is critical for businesses looking to thrive. During his time at Gloria Jeans, Peter ensured that the business had a vision of what the future ideally held for the business. Peter also discussed how the correct approach for a business can make a difference. Through a story about a regional company specializing in fencing for farms, Peter demonstrated how vital correct messaging can be for a business. Initially the business was using many different traditional media channels to advertise, as a result they were getting requests from residential customers. While the influx of business was positive, it was not the correct target market for their business. Once Peter helped the client determine the correct approach the incoming customers were more suitable.

 

John and Peter were both advocates for having a network of mentors. They described a network of mentors as more of a personal Business Board. Ideally your Board helps develop your skills and business without having direct involvement with the business. They joked that your mentors would not meet collectively, like a Board of Directors would. They would be available to discuss how your business was tracking, and any problems that it may be facing.

 

The event was held in a general purpose meeting room that had been set up in a similar way to a lecture theatre. With many chairs set up in the center of the room the space felt rather small. Halftime provided a variety of sandwiches and wraps for attendees. The options were fairly run of the mill, with choices such as roast vegetable, chicken salad and egg and lettuce.

 

All in all the event was stimulating, providing fascinating insights into what it means to build a business that has a vision and purpose. I would attend events in the future put on by Halftime, getting the opportunity to listen to successful business people talk about the challenges they faced and overcame was fascinating.

 

Things to Note:

Location: 140 Williams Street, Level 22

Highlight: Invaluable insights into what it takes to be a successful business leader

Cost: $27

Hot Tip: Think of an engaging question.

 

Ratings:

  • Venue: 2/5
  • Catering: 3/5
  • Speaker: 4/5
  • Networking Opportunity: 2.5/5

Total: 11.5/20

Fireside Chat: The Future of Work: Event Review

By | Business

I attended Fireside Chat: The Future of Work on Wednesday 11th of April. The event was held at WeWork, a co-working space in the heart of the CBD on Elizabeth street.

The shared space layout at WeWork was very interesting with various areas to set up for work as well as meeting rooms to book for clients. There was a large outdoor seating space too with a lot of co-workers from WeWork mingling together.

The attendees were a selection of university students, attendees who wanted to come and listen to the key speakers and members of the WeWork collaborative space.

Georgia Beattie, the executive manager of Spacely moderated the discussion between the panelists. The theme was the future of work which is the theme for the entire of April for WeWork.

The panel included Tony We from Weploy, Jamie Dawson from WeWork, Jane Pirovich from Hall & Wilcox and Julian Waters Lynch from TypeHuman. These panelist came together to discuss the ways in which technology and innovation are influencing the way of the future of the workplace.

The changes in culture, fast advancement of technology and work hours have developed over the years. These changing conditions are affecting the way we work, where we work and when we work with a huge focus on work-life balance and flexibility.

Majority of the panel discussed the benefits of working in a creative co-working space. The are around 80-90 spaces in the city alone. This will continue to grow as workers understand the importance of creating a shared workplace environment especially for the evolving start-up and entrepreneur culture in Melbourne.

Overall I really enjoyed the panel discussion as well as hearing their personal stories within their industries of work.

Things to note:

Location: WeWork, Level 4, 152 Elizabeth Street, Melbourne, 3000

Highlight: Very interesting discussions by the panel

Cost: Free

Hot tip: There was no food so make sure to bring a snack. Could get a water from the co-working space bar.

 

Ratings:

Venue: 4/5

Catering: 0/5

Speakers: 4/5

Networking Opportunity: 2/5

Total: 12/20

The Entrepreneur Club: Early March New Year Networking Event Review

By | Business

Myself and my colleague, Ruby, attended the Entrepreneur Club: Early March New Year Networking Event on Thursday the 1st of March. The event was a meet up for professional individuals who are on their journey to achieving their entrepreneurial goals. It was organised to allow new entrepreneurs to connect with people on the same journey and share their stories.

The event was located at Spice Market in Collins Street. The venue was not the most suitable location, the lighting was very dim, there were not enough seats and the small area that the event was contained in made it awkward for people not currently in conversations to join existing ones.

Most of the people who attended were currently in-between jobs and were looking for positions. The rest of the crowd either worked in or owned a small business. Most people that myself and Ruby spoke to had an entrepreneurial idea that they wanted to develop in the future.

The event and conversations we had with the attendees taught us that there are many people with great ideas for start-ups that just require consulting to turn their light bulb moments into real and practical steps.

I would not re-attend this event. Although it was interesting to meet a diverse range of people, I did not enjoy the location, there was no food provided and I do not believe there was a synergy between the individuals.

 

Things of note:

  • Location: Spice Market
  • Highlight: Meeting new people
  • Cost: Free
  • Hot Tip: Eat beforehand!

 

Ratings:

  • Venue: 1 / 5
  • Catering: 0 / 5
  • Speaker: 0 / 5
  • Networking Opportunity: 1 / 5

Total: 2 / 20