Ask The Mentors

Do you have a question about

Finances?

Marketing?

Sales?

Recruitment?

Product?

Investment?

Exit Strategy?

0 votes
0 answers
1 view

What is the multiple for the sale of my business

I am in the electronics security industry. Back to Base monitoring (reoccuring contracts), patrols (reocurring contracts), alarm & cctv installations (one off installations). How do I find out what the multiple is to be applied to my P/L (with add backs etc) for my industry?

0 votes
0 answers
3 views

What Social Media management and marketing company does Mark use or recommend - we really need a team we can trust

I created mp-body.com 10 years ago, and now we have to evolve from an educated-based business to products and services. It feels like we are starting again - albeit with a lot of experience. We really need a great Social Media marketing team to assist us to achieve a new, loyal following, very strong presence in our industry on SM and create great campaigns to sell our products on-line.

0 votes
0 answers
4 views

Property Management

we have grown our property management organically to 90 in over a year and a half, its not our main business. My question is what are the best ways to increase our managements ? Cheers OJ

0 votes
0 answers
6 views

Standard Meeting Agenda

Im a partner in a medium size accounting practice, the partners meet monthly and that works well, however we dont seem to have a standard agenda, we just seem to fly by the seat of our pants. Which tends to stretch the meetings out and we dont seem to resolve any issues. I was looking for some clarity around a "standard" format which has purpose and will benefit our partnership and the business in general.

0 votes
0 answers
7 views

Grants for Equipment/Machinery

I have a small niche stonemason business where we predominately work on tiles. I would like to purchase a new machine to greatly improve our efficiency and to also help compete with China. Is there any kind of government help to purchase the required machinery?

0 votes
0 answers
6 views

Funding - equity vrs debt

I have an online startup company 1st in Australia (disruptive) offering online asset loans. I am very nervous about any equity deals & can provide security for loans to fund the business. I have a biz plan, website, Pitch all ready to go. I need direction for funding, exit strategy, who do you suggest I talk to , to give me the confidence to take to next level & how do I find companies & people to pitch to. I have had an investor interested investing $1m, however he wants half of the business and I'm not prepared to give up any equity at this stage. Regards, Stuck in a rut :)

0 votes
0 answers
5 views

Importnace of ‘Google My Business’ account

How much value is there in creating a ‘Google My Business’ account?...And how do I overcome my fear of a bad review from a disgruntled client or keyboard warrior/troll and the the effect it will have any any new clients looking to use our services?!

0 votes
0 answers
10 views

International Expansion - What to Consider?

We are considered the leader in our niche industry and are looking to expand into the US (where what we offer seems to be a lot more socially accepted). There are currently a few questions I am wrestling with such as - seeking investment for the expansion, 3PL over own warehouse, has the AUS market reached it potential etc. In your opinion, what would be the key questions to ask prior to even considering my above questions. I would be open to discussing with a Mentor who has experience in expanding a FMCG company internationally. Any info would be much appreciated.

0 votes
0 answers
63 views

Start-up in Perth

I'm hoping to speak with someone who's set up a business in Perth, WA and who's encountered and overcome similar challenges like: * Not having the weight / size of a big brand to win business (companies go with who they know) * Overcoming a mindset that almost relies on cost in place of value * Giving / paying things forward, not expecting anything in return - and meeting friction from people/companies who don't like this approach * The time it took to start seeing an uptick I've set up a business in the UK and it did well. It's not easy setting up a business anywhere, however, setting one up in Perth seems more difficult. I'd love to learn how people like doing business in Perth, along with any helpful tips someone can share. Coffee / lunch is on me. Thank you. Mark

0 votes
0 answers
57 views

Raising our seed funding

I am require US$1.4 million to trigger our security token offering and I would like some ideas who to approach in Australia please?