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On the 23rd of November 2016, BDA held its annual State Franchising Sundowner at The Subiaco Hotel. The event was a great success, with friends and colleagues in the Franchising sector networking and enjoying some of the delicious food & drinks that the Subi has to offer.
A bottle of Moet & Chandon was donated by John Dorazio of Walker Wayland as a door prize, and the lucky winner was Jerry Gibb from LoanWA.
Our on-site photographer was there & took plenty of happy snaps – see if you can spot yourself!Uncategorized | Leave a comment
From BDA’s own correspondent – Mark Fernandez
Congratulations to those who make a difference in their business, their system and are inspiring the next generation in Franchising. The night was held at the Parmelia Hilton in Perth on Friday, 15 July 2016. We ate, drank and celebrated those who are achieving excellence in the WA franchising sector! We were also delighted to be entertained by our MC for the night, former Australian Test Cricket Captain, Kim Hughes as pictured above with Mark Fernandez.
The full list of winners announced are as follows:
Single Unit Franchisee of the Year,
Wayne Lyons and Pauline Walker
Single Unit Franchisee of the Year,
Franchise Woman of the Year
Field Manager of the Year
Paddy Thompson Award – Contribution
Robert and Linda Whitesmith
From Mark and the BDA team, congratulations again to all the WA Award winners!!
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It’s time to pump up the tyres, dust off the cobwebs and oil the chains – The MS Society of WA’s iconic Ocean Ride for MS will once again be taking place on Sunday, 18 October 2015. The ride follows our beautiful coastline from Fremantle to Hillarys.
There are five ride distances to choose from:
· 10km family ride from Scarborough.
· 30km and 50km options from Fremantle.
· 70km and 90km rides from Fremantle for those looking for a bit more of a challenge.
The finish location at Whitford Nodes in Hillarys will be bigger and better than ever with a great selection of food and coffee vendors, entertainment, face painters, kids rides and much more.
Early bird registrations close on 4 September, so register now, save money and show your support for the thousands of Western Australians living with MS.
The MS Society of WA can make it easy to get your team registered. If your workplace is interested in entering a corporate team, give the MSWA Events team a call on 6454 3131 or email them at firstname.lastname@example.org.Posted in Uncategorized | Leave a comment
This month we are lucky to feature an informative article written by HLB Mann Judd’s Jodie Curtis about Protecting your Financial Future. Jodie is a manager in the business advisory team at HLB Mann Judd – a firm that is recognized for excellent client service. She helps business owners to understand and manage the financial side of their business and comply with all their tax obligations. Jodie is passionate about providing knowledge to emerging leaders about the importance of planning their financial future and works together with the HLB Mann Judd Wealth Management Team to provide this.
As we develop our careers, life gets busier and with increased responsibilities, mortgages and young families, it’s easy to place our finances, estate planning, insurances and tax issues on hold. But life can take unexpected turns and our “course” can suddenly change – having solutions in place now eases the burden during these difficult times and knowing you have a plan gives peace of mind.
It’s never too early to start planning your financial future and speaking with professionals who can assist you with the development of a financial plan and address the following key elements:
- Development of a Will – If you own any assets, you should consider having a Will to ensure you have a say with regard to how these assets are distributed. If you don’t have a Will, your estate will be considered “intestacy” and the government will distribute your assets according to a legal formula to those they see as valid beneficiaries.
- Preparing an Enduring Power of Attorney/Guardianship and Advance Health Directive delegates the ability to make financial/legal/lifestyle choices and/or medical treatment choices if you lose capacity.
- If you are injured or ill for a period of time, how will you pay your mortgage of meet your financial commitments? Income Protection Insurance covers your expenses and financial commitments during this downtime, allowing you to focus on recovery. Conducting a personal insurance review ensures insurance choices and recommendations are structured to work with every aspect of your financial plan, and if you lock in your insurance premiums sooner you will receive a better rate and avoid the potential of limited cover.
- Reviewing your Superannuation Fund/s can reduce overall costs (having multiple funds means you are paying multiple administration and management fees) and ensure your Superannuation is invested appropriately for your risk profile.
- Reviewing your tax profile will ensure that it is most appropriate for you and that you understand superannuation caps, salary packaging and tax deductions can provide tax benefits. The ATO are targeting excess work-related deductions and rental properties, therefore it is important to seek appropriate advice and understand the substantiation requirements.
Addressing these issues and developing a financial plan will help you set the foundations for your financial future, and will assist with goal-setting and ensuring your income works for you in the most effective way.
HLB Mann Judd has developed an “Emerging Leaders” package specifically to address these issues and ensure all aspects of your financial future are covered. If your career is on track, it’s time to build your personal financial foundations and protect your wealth, giving you peace of mind whilst living a life you enjoy.
For more details on how to get started, contact Jodie Curtis at HLB Mann Judd on 08 9227 7500 or email email@example.comPosted in Uncategorized | Leave a comment
In this installment, we were given the opportunity to hear from Andrew Bloom about the best way to market your business through promotional items.
About Andrew Bloom:
With a 23 year career in the promotional product industry as managing director of ASB Marketing, Andrew Bloom is one of Western Australia’s leading promotional product experts and is President of the Australasian Promotional Products Association.
Branding your logo onto the right promotional products is an essential part of the marketing mix and is sometimes overlooked by budget-conscious SME’s.
As we begin the new financial year it’s an ideal time to take stock of how your brand is represented in the marketplace, and how you can add value to the customer experience while also promoting your brand.
Key findings of a recent study into the value of promotional products and the role they play in the marketing mix of SME’s included:
- 87% of SME respondents agreed that promotional products help them connect with their consumers,
- 87% agreed promotional products increase awareness of their brand,
- 81% agreed promotional products create a way to stand out from
- 79% of SME respondents highlighted their value for money.
(2014 Sweeney Research, commissioned by the Australasian Promotional Product Association)
If you compare spending $5,000 on a print ad compared to $5,000 of targeted promotional products you will end up with a suite of products that actually makes your customers feel good about your company.
Promotional products are a unique advertising medium because they are able to engage all the senses. When done well they are useful, appreciated by recipients (and therefore kept by recipients) and they repeatedly display a logo or message for no additional cost per impression.
The most popular promotional products are Apparel (polo shirts, t-shirts & jackets), Writing instruments, Headwear, Technology products such as USB Flash Drives and humble favourites such as drink bottles, stubby holders and coffee mugs.
In June, the Mundella EveryWoman Expo returned to the Perth Convention and Exhibition Centre for its eighteenth year. Our very own Mark Fernandez was delighted to be a part of the Bodhi’s Bakehouse Celebrity Kitchen.
Over 200 exhibitions were being held as part of the show, and Mark was lucky enough to be a celebrity chef alongside Dale Sniffen. Attending on both the 19th and 20th of June, Mark and the other chefs cooked up a storm to raise almost $1800 for the MS society.
The EveryWoman Expo helped to raise awareness for people living with MS in Western Australia and we were delighted to a part of it.
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Posted in Business Strategy, Events, Finance, Franchising, Master Franchisee Breakfast, News, Newsletter, Sponsors Breakfast | Leave a comment
In this installment of FRANCHISING STARS, we were given the opportunity to interview Ryan Willsher from Finn Franchise Brokers.
What would be your number one tip for someone looking to sell a franchise?Prepare and plan for the sale 1-2 years out. This includes maximising your profits for preferably 2 financial years, minimising un-needed & personal expenses, ensuring the businesses can run without you being there, and speaking with your accountant to minimise any capital gains tax. We would love to see more people plan correctly and achieve a sale price that accurately reflects the hard work they have put in over the years.
What would be your number one tip for someone looking to buy a franchise?Decide that you want to buy a business first before spending a lot of wasted time researching. Speak to a specialist business broker who will help you understand what you want to get out of a business and how it will be the vehicle to get you to the next stage of your life. At least half the people we meet end up buying a totally different franchise to what they originally envisaged.
What qualities do you look for in a prospective franchisee and how does that tie in with the your brand?
The main qualities we look for are attitude, motivation and intent. With a combination of these three things a potential franchisee will make any opportunity happen and work for them. We can help them through all the other challenges with buying a franchise as long as these exist.
How was Finn Franchise Brokers conceived?
The brand was conceived in 2004 by Steve Finn & Len Ferguson when they recognised an apparent need in the market place for a specialist service to help franchisees exit their businesses. Being former franchisees themselves they found it near impossible to find professional help when selling their franchise businesses. General business brokers just didn’t understand the process of selling a franchise, and the importance of selecting the right calibre franchisee to take over the business. For over 10 years now the brand has been helping existing franchisees move on to the next stage of their lives, and new franchisees attempt to realise their goals.
What diversifies Finn Franchise Brokers from its competitors?
An intricate understanding of the franchise industry & processes, a very refined system, a wide network of franchise specialist advisors, and an unmatched level of professionalism.
What is the biggest challenge right now in your particular business and the sector you trade in?
Matching vendor’s price expectations against the current market and finding new ways to finance sales outside of the major banks.
What is going to be the focus for Finn this financial year?
Growing market share through increased investment in marketing and helping more and more new franchisees find the right business for them.
What is your career and business mantra?
Me first, Family second, Business third. If I am not healthy and well then I can’t look after my family. If my family is not healthy I cant run my business. It sounds selfish but I have found it is the best way to ensure my entire focus is on my business during work hours and that has led to success.
If you could live the day in the life of a successful business person who would it be?
Richard Branson – got to love that guys passion for life and the crazy things he does.
BDA – Business Development Alliance is a one-of-a-kind franchising consulting firm. Over the years we have developed the essential systems and procedures for success. We consult with franchise executives both locally and internationally to provide you with the very best advice and the latest advances in technology.
BDA’s proven 5-module model will assist you in making the right choice when buying a franchise business. We can help you at all stages from developing your business plan through to submitting your franchise application.
Introduction to franchising- is franchising for you?
The costs of buying a franchise and the availability of finance.
The franchise agreement and other franchise documentation.
Getting started and finding the right franchise.
Franchise selection and development.
We trust this process to provide you with guidance on the integral areas that need to be addressed when considering buying a franchise.
Be aware that when buying a franchise you are about to face the same challenges that would experience when purchasing any other form of business. However being a ‘legal relationship’ it has added complications that must be researched and understood.
Any business acquisition, including a franchise, contains a commercial risk. You must be prepared to take that risk if you wish to benefit from the rewards of business ownership. The decision is yours and yours alone.
Buying a franchise system does appear to reduce the risks; however it is not a guarantee of success. Utilising our expertise in franchise selection; we will minimise your risk and ensure that you make the right educated choice.Uncategorized | Leave a comment
By: Peter Buckingham
Many of the big names of industry, in their semi-retirement, hang out the shingle to offer their services to anyone who believes their story, and also become a “Consultant”. Interesting how their views on Consultants can change!
Whether you are a small or large business, the offer of a “let me make it right for you” solution can be either an effective fix, or an expensive exercise for your business.
Consultants are seen as a strange breed by many… Experts, Boffins, Propeller Heads, Conmen, something in between all of the above, or someone who can really help your business. Most come with experience and ideas, and it is their responsibility to perform or else for you!
There are many different varieties of consultants in industry including:
- Franchising Consultants
- Marketing Consultants
- Brand Consultants
- Demographic Consultants
- Management Consultants
- Security Consultants
and a heap of professions that are in my view consultants as well:
- Banking advisors
How do you pick a consultant to assist you, and how do you work with them to achieve what you are looking for?
Just remember you are not hiring a consultant by the hour, but rather for the years of experience they bring to the issues you need assistance with. Most good consultants come with the necessary experience, and reasonable academic qualifications. On top of this there are qualifications issued by groups such as the FCA (Franchise Council of Australia), the AIM (Australian Institute of Management) and the IMC (Institute of Management Consultants) to name a few.
When you go to a doctor, a lawyer, an accountant or a surgeon, you actually know they have achieved a professional level to be allowed to work in their profession. Unfortunately there is no such requirement of consultants, and the right to “hang out a shingle” is one anyone can do, whether they have experience, qualifications, or have just run a hot dog stand!
Good consultants, like lawyers, should be both qualified and keeping up to date with their area of expertise.
Select well Grasshopper!
Peter Buckingham is the Managing Director of Spectrum Analysis Australia Pty Ltd, the leading Geodemographic and Sales Prediction Modelling Company in Australia. He worked for Caltex for 20 years in many areas including 2 years in Perth and specialises in site selection process and territory planning. He is also a Director and past Vic / Tas President of the Institute of Management Consultants. Peter is contactable by email at:Uncategorized | Leave a comment
Michael Shanahan is BDA’s new addition as a senior property consultant with over 23 years practical experience in the commercial property industry. Michael has a strong knowledge of the Western Australian leasing market both in the Perth Metropolitan and country areas over a broad cross section of property classes including retail, showroom and offices.
During his career to date Michael has also been responsible for negotiating leases in New South Wales, Victoria, Queensland, South Australia, Australian Capital Territory.
Michael’s formal qualifications include a Bachelor of Business from Curtin University and a Graduate Certificate in Shopping Management from the Property Council of Australia.
Michael has worked for a number of large institutional Landlords and major commercial real estate agencies and has specialist skills in new lease and lease renewal negotiations, site selection, performance benchmarking, dispute resolution and lease strategy presentation.
In his professional dealings Michael has leased shops to national retail chains, large and small franchise systems and individual business owners. Michael enjoys taking a strategic, innovative and sometimes lateral approach to finding property solutions on behalf of clients.
Michael’s broad experience in the property industry, honest and hard working reputation together with his proven track record to identify and implement commercial and cost effective outcomes can assist business to reach the goals.
Michael can be contacted at Business Development Alliance (DBA) at Level 2, Suite 6A, 47 Kishorn Road, Applecross WA 6153, by telephone on (08) 9364 3811 or 0408 578 667 or by e-mail at Michael@bda-online.com.au.Posted in Uncategorized | Leave a comment ← Older posts