Jeffrey Joel profile image

Jeffrey Joel

MD at Auspac Trading NSW PL

Member Since December 2012

SHARE

18 FOLLOWERS

Jeffrey Joel answered this question

Neil Steggall
Neil Steggall, Partner at Wardour Capital Partners

Leadership

Jeffrey Joel answered this question

Is the Australian economy picking up based on your experience?

I run businesses in both restaurant and food wholesale. Since the May budget, I've noticed that the restaurant trade has dropped slightly, probably due to people tightening their belts due to all the negative publicity. However, the wholesale side with deliveries to grocery stores has definitely picked up, as people must be eating more at home.

Jeffrey Joel answered this question

Chris Le Roy
Chris Le Roy, Founder at One-on-One Professoinal Business Training

Business Management

What are Top 5 issues you deal with as a small business owner?

1. cash flow

2. adding and getting the right staff

3. ever increasing overhead costs, such as insurance, super contributions... list goes on

4. time, never enough hours in the day to do the important things such as growing the business

5. margins, more and more products are now just commodities. It's getting harder and harder to differentiate in order to gain higher margins

Jeffrey Joel answered this question

Jeffrey Joel
Jeffrey Joel, MD at Auspac Trading NSW PL

Team Management

Apart from a pay rise, how else can you reward your staff?

David, I like your answer! Now that's thinking outside the square !

 

Regards, Jeffrey

Jeffrey Joel answered this question

Can you share your Top 3 Money Saving Tips in business?

1. Always get a second quote, a third is even better.
2. Always look out for better ways to gain efficiency and productivity.
3. Do it once and do it well.

Jeffrey Joel answered this question

Wendy Huang
Wendy Huang, Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes

Lifestyle and Health

Do you know an Australian business that buys second-hand jewellery?

Cash converters, pawn shops? I can't imagine you would get much from them though.

Jeffrey Joel answered this question

Mark Henderson
Mark Henderson, CEO and Founder at Espressogrow

Business Management

How do you define success?

It's impossible to define. Perhaps it's when others start coming to you for advice, having seen you gone from strength to strength and wanting to know what you're doing right or differently to what they are currently doing.

Jeffrey Joel answered this question

Charlotte Caruso
Charlotte Caruso, CEO at PuggleFM

Website

What is a reasonable price for a small business website?


Charlotte, sign up on freelancer.com . Describe exactly what you need and put it out to tender. You'll get folks from India and China that will do what you want for around $200 for a basic site, without database backend. You check out their reference and feedback, then simply select the company/person you want to go with and pay on completion of milestones.
My tips are don't always go with the cheapest quote, select one that has plenty of references and clearly state what you want on your website. Good luck!

Jeffrey Joel answered this question

Does anyone have any tips on selling a cafe/restaurant?

You already have regular clientels, why not try simply posting a sign outside that this business is for sale or have a chat to a few of your better, well connected clients? The sign will generate some interest to local folks who might like to try their hands at running an already established cafe. Smart business people will see that there is an opportunity and they may not want to buy it themselves but they may have friends or associated that are looking for one. What better reference than coming from a regular who can vouch for your business.

Jeffrey Joel answered this question

Robin Dickinson
Robin Dickinson, Owner at RAD International

Accounting

Is accounting software such as MYOB, Xero or Saasu an overkill?

It sure beats Excel, where it can very quickly become messy and cumbersome. However, with these dedicated accounting software, it needs to be properly set up. This is where a bit of accounting knowledge will go a long way or pay a consultant to get it up and running initially. You will save a small fortune in book keeping fees.

Jeffrey Joel answered this question

Does every small business need an accountant ?

If one has absolutely zero understanding of accounting, then I would say yes or at least have access to one for advice. Book keeping is one thing but tax, superannuation laws etc are forever changing. It's impossible for a small business owner to keep up to date or even understand the changes. The last thing one needs is to make a monumental error, such as going out and buying a $250k car, thinking one can depreciate the heck out of it to reduce their income (I know of one personally). It can be very costly to make these errors unknowningly. This is where accountants can save you lots of money and headache.

Jeffrey Joel answered this question

Wendy Huang
Wendy Huang, Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes

Team Management

Will giving employees unlimited vacation leave improve productivity?

If it's a model that works, the whole world would have embraced it already.

No results found.

Jeffrey Joel answered this question

Neil Steggall
Neil Steggall, Partner at Wardour Capital Partners

Leadership

Jeffrey Joel answered this question

Is the Australian economy picking up based on your experience?

I run businesses in both restaurant and food wholesale. Since the May budget, I've noticed that the restaurant trade has dropped slightly, probably due to people tightening their belts due to all the negative publicity. However, the wholesale side with deliveries to grocery stores has definitely picked up, as people must be eating more at home.

Jeffrey Joel answered this question

Chris Le Roy
Chris Le Roy, Founder at One-on-One Professoinal Business Training

Business Management

What are Top 5 issues you deal with as a small business owner?

1. cash flow

2. adding and getting the right staff

3. ever increasing overhead costs, such as insurance, super contributions... list goes on

4. time, never enough hours in the day to do the important things such as growing the business

5. margins, more and more products are now just commodities. It's getting harder and harder to differentiate in order to gain higher margins

Jeffrey Joel answered this question

Jeffrey Joel
Jeffrey Joel, MD at Auspac Trading NSW PL

Team Management

Apart from a pay rise, how else can you reward your staff?

David, I like your answer! Now that's thinking outside the square !

 

Regards, Jeffrey

Jeffrey Joel answered this question

Can you share your Top 3 Money Saving Tips in business?

1. Always get a second quote, a third is even better.
2. Always look out for better ways to gain efficiency and productivity.
3. Do it once and do it well.

Jeffrey Joel answered this question

Wendy Huang
Wendy Huang, Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes

Lifestyle and Health

Do you know an Australian business that buys second-hand jewellery?

Cash converters, pawn shops? I can't imagine you would get much from them though.

Jeffrey Joel answered this question

Mark Henderson
Mark Henderson, CEO and Founder at Espressogrow

Business Management

How do you define success?

It's impossible to define. Perhaps it's when others start coming to you for advice, having seen you gone from strength to strength and wanting to know what you're doing right or differently to what they are currently doing.

Jeffrey Joel answered this question

Charlotte Caruso
Charlotte Caruso, CEO at PuggleFM

Website

What is a reasonable price for a small business website?


Charlotte, sign up on freelancer.com . Describe exactly what you need and put it out to tender. You'll get folks from India and China that will do what you want for around $200 for a basic site, without database backend. You check out their reference and feedback, then simply select the company/person you want to go with and pay on completion of milestones.
My tips are don't always go with the cheapest quote, select one that has plenty of references and clearly state what you want on your website. Good luck!

Jeffrey Joel answered this question

Does anyone have any tips on selling a cafe/restaurant?

You already have regular clientels, why not try simply posting a sign outside that this business is for sale or have a chat to a few of your better, well connected clients? The sign will generate some interest to local folks who might like to try their hands at running an already established cafe. Smart business people will see that there is an opportunity and they may not want to buy it themselves but they may have friends or associated that are looking for one. What better reference than coming from a regular who can vouch for your business.

Jeffrey Joel answered this question

Robin Dickinson
Robin Dickinson, Owner at RAD International

Accounting

Is accounting software such as MYOB, Xero or Saasu an overkill?

It sure beats Excel, where it can very quickly become messy and cumbersome. However, with these dedicated accounting software, it needs to be properly set up. This is where a bit of accounting knowledge will go a long way or pay a consultant to get it up and running initially. You will save a small fortune in book keeping fees.

Jeffrey Joel answered this question

Does every small business need an accountant ?

If one has absolutely zero understanding of accounting, then I would say yes or at least have access to one for advice. Book keeping is one thing but tax, superannuation laws etc are forever changing. It's impossible for a small business owner to keep up to date or even understand the changes. The last thing one needs is to make a monumental error, such as going out and buying a $250k car, thinking one can depreciate the heck out of it to reduce their income (I know of one personally). It can be very costly to make these errors unknowningly. This is where accountants can save you lots of money and headache.

Jeffrey Joel answered this question

Wendy Huang
Wendy Huang, Full Time Blogger and YouTuber at A Custom Blog in 4 Minutes

Team Management

Will giving employees unlimited vacation leave improve productivity?

If it's a model that works, the whole world would have embraced it already.