What can you learn from David Koch?

As a small business owner, you’re constantly faced with so many questions to answer. Unfortunately, no-one ever said it was easy. The saying, “There is no elevator to success. You have to take the stairs,” is definitely true in small business.

However, we are here to help you every step of the way. David Koch and his fellow KBB experts can help guide you in the right direction. Click through to hear some great answers to pertinent small business questions.

Also, keep an eye out for Kochie’s Business Builders TV show at 12pm every Sunday on Channel 7!

1. Beware phoenix businesses

Phoenix activity can disrupt the small business ecosystem and occurs when a company is deliberately placed in liquidation and then transfers its assets to a new entity and continues operating as the same small business under a different name. It affects so many small businesses in Australia. Click play to find out what you need to know.

2. Insuring your small business

Starting a small business can be nerve-wracking. There seems to be a million things to set up and sort out to ensure your small business will survive and succeed long term. One of these ‘must haves’ is comprehensive insurance.

3. Future-proofing a business

Small business duo Bill Jarrard and Jennifer Goodard from Mindwerx ask Kochie about the future of training organisations where technology is completely transforming the marketplace. They ask ‘how do we future proof our business’?

4. Business operations

Ever wondered how you can scale your small business operations? Christine Smith from Rowville Community Kitchen and recipe for change asks Kochie how they can boost their operations to do even more great work for the community.

5. Business partnerships

Michele Gennoe from On Purpose Consulting asks Kochie about how business partnerships can be used to grow a small business. Click play to find out the answer!

6. Marketing strategies

What are the best and most cost-effective marketing strategies that will help grow a business? Danielle Honore from Honoré Activewear finds out the answer.

7. Logistics process

Stacey Head from She Wear in Queensland wanted to know how to deal with supply chain and logistics processes when getting her products out into the market. Rebecca Burrows from Austpost helped Kochie answer her question.

8. Business plan

A business plan is crucial to every small business. If you’re facing difficulties writing your business plan, Kochie and NAB’s Cindy Batchelor give some great tips here to get it right.

9. Managing cash flow

How do you best manage cash flow in the first six months of running a small business? Ryan Ebert from HealthLogic Physiotheraphy got a great answer from both Cindy Batchelor from NAB and Kochie.

10. Invoicing

Freelance Graphic Designer Eli Walker from Eli Walker Designs wanted to find an easier way to process invoices. Rebecca Burrows from Auspost and Kochie teamed up to answer his question. Click play to hear more!

Keep an eye out as Kochie’s Business Builders returns to Channel 7 for series 11 at 12pm Sunday 1st October 2017.

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David Koch’s 10 commandments for small business

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