Date Posted: August 3, 2017

Businesses in Australia again woke up last week to reports of another cyber attack.  This time it was the Petya virus.  The virus locks the screens of affected users, with a message that all of the data is encrypted that can only be unlocked by purchasing a key for a ransom.  Victims of the recent attack have reportedly included pharmaceutical companies, global law firms, food wholesalers, shipping companies and food manufacturers. This... Read more

Date Posted: August 3, 2017

The Estate Plan is in Place, BUT….Is The Family Prepared? By Brad Scott Imagine… you build a successful business enterprise through years of hard work. You decide to retire and place the enterprise in the hands of new management. However, the new managers have no understanding of the company’s products, goals, history, values or mission. They have no experience in the field, let alone a basic knowledge of day-to-day business functions. There... Read more

Date Posted: July 18, 2017

With the signoff of our strategic plan for FY18, we have been busy developing and implementing a series of new initiatives that I believe will drive FBA forward. The first initiative was to prepare FBA for growth and to ensure that we have a sales focused culture i.e. I needed to have the right resources, working on the right tasks, at the right value. As such we have seen a number... Read more

Date Posted: July 18, 2017

Many small-to-medium enterprises and family businesses share a common risk – a lack of succession planning. It is easy for founders or chief executive officers to get so focused on day-to-day operations that they fail to consider future leadership. KPMG Partner Dominic Pelligana is adamant that a succession plan is vital for a sustainable business model. Presenting his discussion, ‘Private Enterprise: Identifying the Succession Pipeline’, at the Australian Governance Summit 2016... Read more

Date Posted: July 18, 2017

What are your aspirations in the future for your family business? The main thing that I want to achieve with the Family Business is to grow the Business . The Family will naturally grow and if Family members want to come into the business , there needs to be growth to allow them to come in. That said, it is important that those members earn that  position . Positions cannot... Read more

Date Posted: June 30, 2017

Life is never dull in Queensland, just when we thought we had escaped cyclone season, along comes Debbie to rain on  our parade. Debbie hasn’t just affected North Queensland however, the road to O’Reilly’s Rainforest retreat still has limited access which has been a huge challenge for one of the iconic Queensland family businesses. So think of O’Reilly’s if you are visiting Queensland, it’s an amazing spot. The good news is that... Read more

Date Posted: June 30, 2017

June will see not only the end of the financial year but six months since I have been the state manager for FBA QLD.  I have had a great time learning about the different businesses and industries and most importantly ‘what keeps you up at night’.  To finish this first half of the year we hosted the FBA QLD Conference at Moda Events, and I would like to thank all... Read more

Date Posted: June 22, 2017

Family Business Australia and KPMG Enterprise Sign New 3 Year Agreement KPMG Enterprise has signed a new, three year sponsorship agreement with Family Business Australia (FBA), the peak industry body representing this key business sector. KPMG has a long and enduring involvement in family business enterprises and has been a National Sponsor of the FBA since 2005. The association between the two organisations is now approaching 12 years and this agreement highlights... Read more

Date Posted: June 16, 2017

No one likes to work 9-5 if they are feeling unwell. Yet many small businesses do not have work health and wellness policies and procedures in place. These policies and procedures can increase productivity and help ensure that your employees are performing to the best of their abilities. The benefits of work health and wellness policies and procedures are: Sick leave and absenteeism decrease by 25% Health costs decrease by 24% Workers compensation and... Read more

Date Posted: June 15, 2017

Another great conference - Matthew Pavlich kicked off the presentations as he shared some humorous ‘behind the scenes’ stories from his football career as well as the lessons he has learned on leadership and letting go, or more to the point moving forward. Other stand out presentations by Bill Withers from ADAPT and Andrew Horabin from The Bullshift Company left the delegates inspired and motivated.   Check out some of the action in... Read more