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098: A CA started a cafe retail & coffee roasting, sold it – now a CEO of an accounting & finance firm that helps business owners drive growth through outsourcing, working with 1000 clients of different industries & has 20 FTE. (Lachlan Grant)

In this episode, I interview Lachlan Grant, the CEO of Sidney-based Vital Addition, an accounting, and finance firm which specializes in working with small to medium-size businesses. They helped their clients reach their business and financial goals through modern and innovative approaches including outsourcing.

Before Vital Addition, Lachlan Grant founded a cafe retail and coffee roasting business in 2011. He developed the business from scratch, grew it into a multi-site café, and was sold. A few years ago, together with his business partner, they’ve grown Vital Addition which aims to help drive growth through effective financial management. Working with no more than 1000 clients of different industries and has 20 FTEs in the team.

Lachlan Grant believes there’s an inherent trust that an external advisor can provide, that is common in the finance and accounting world. He also emphasized that by outsourcing the business owner has more time to focus on generating income.

This Cast Covers:

  • The importance of proper management of core commercial & financial issues when growing a business.
  • Making more revenue for the business growth.
  • The importance of knowing the business what it is like.
  • The importance of streamline systems and processes.
  • Recommending potential clients to get access to higher skill sets.
  • The importance of having a well-documented finance function in running a business.
  • The role of an accountant or financial person in the growth journey of a business.
  • Common assumptions about outsourced business consultants.

Additional Resources:

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Quotes:

“When you start a small business, you always have to learn that you can’t really outsource commercial thinking, you gotta have that yourself.” – Lachlan Grant

“Make sure you have the right people around you.” – Lachlan Grant

“You need to be very clear of what you can and can’t do.” – Lachlan Grant

“I think small business owners do poorly in financial management because they tend to focus on the cost rather than value for the proper finance function.” – Lachlan Grant

“Sometimes you need to give yourself some inspiration to go off and do something and build something because it’s a long journey.” – Lachlan Grant

………………………………………… 

Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod (https://incompetech.com). License: CC by http://creativecommons.org/licenses/by/4.0

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098: A CA started a cafe retail & coffee roasting, sold it – now a CEO of an accounting & finance firm that helps business owners drive growth through outsourcing, working with 1000 clients of different industries & has 20 FTE. (Lachlan Grant)

In this episode, I interview Lachlan Grant, the CEO of Sidney-based Vital Addition, an accounting, and finance firm which specializes in working with small to medium-size businesses. They helped their clients reach their business and financial goals through modern and innovative approaches including outsourcing.

Before Vital Addition, Lachlan Grant founded a cafe retail and coffee roasting business in 2011. He developed the business from scratch, grew it into a multi-site café, and was sold. A few years ago, together with his business partner, they’ve grown Vital Addition which aims to help drive growth through effective financial management. Working with no more than 1000 clients of different industries and has 20 FTEs in the team.

Lachlan Grant believes there’s an inherent trust that an external advisor can provide, that is common in the finance and accounting world. He also emphasized that by outsourcing the business owner has more time to focus on generating income.

This Cast Covers:

  • The importance of proper management of core commercial & financial issues when growing a business.
  • Making more revenue for the business growth.
  • The importance of knowing the business what it is like.
  • The importance of streamline systems and processes.
  • Recommending potential clients to get access to higher skill sets.
  • The importance of having a well-documented finance function in running a business.
  • The role of an accountant or financial person in the growth journey of a business.
  • Common assumptions about outsourced business consultants.

Additional Resources:

…………………………………………

Quotes:

“When you start a small business, you always have to learn that you can’t really outsource commercial thinking, you gotta have that yourself.” – Lachlan Grant

“Make sure you have the right people around you.” – Lachlan Grant

“You need to be very clear of what you can and can’t do.” – Lachlan Grant

“I think small business owners do poorly in financial management because they tend to focus on the cost rather than value for the proper finance function.” – Lachlan Grant

“Sometimes you need to give yourself some inspiration to go off and do something and build something because it’s a long journey.” – Lachlan Grant

………………………………………… 

Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod (https://incompetech.com). License: CC by http://creativecommons.org/licenses/by/4.0

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097: Aged 32 in 2012, started a social enterprise while working as a doctor. Later, left the full-time job to focus on entrepreneurship & the momentum really began in 2013, from 1 FTE to 6 teaching thousands of people each year. (Dr. Elise Bialylew)

In this episode, I interview Dr. Elise Bialylew, The Founder of Mind Life Project based in Melbourne. Mind Life Project teaches people how to use their minds to their best through mindfulness meditation. It offers online and one-on-one mindfulness-based training to enhance the function of the mind for better living.

Dr. Elise Bialylew started the Mind Life Project more like an experiment rather than a business. Later, she created a new career path for herself from medicine to entrepreneurship and she began the business by herself. It was a tough start but dramatically went up with an increasing number of bookings of sessions. Dr. Elise applies her medical understanding, her passion, and creativity and grew from 1 FTE to 6 teaching thousands of people each year with great feedback.

Dr. Elise has said that everything in life has its seasons and success does change depending on the stage of life. She quoted “Success is being clear on what matters most to you.”

This Cast Covers:

  • The importance of meditation to every business owner in order to run the business with value.
  • The challenge of creating a new career path from medicine to entrepreneurship and taking risks.
  •  Visualizing the growth of the business by working hard & putting your whole self into it.
  • Teaching people how to use their minds to their best through mindfulness meditation.
  • Ability to showcase the flexibility of having enough time for both family and the business.
  • How online marketing provides the best return to the business.
  • The importance of mental fitness training to help people stay present & focus even the world is evolving.
  • Mindfulness is a powerful tool to help people with mental health.
  • So with marketing, doing something you’re passionate about really works.
  • How the evolution of technology fragmented the attention and mental health of some individuals. 

Additional Resources:

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 Quotes: 

Having extra engine power, putting my whole self into it really paid off.”- Dr. Elise Bialylew

“Success is being clear on what matters most to you.” – Dr. Elise Bialylew

“I think everything in life has its seasons and success does change depending on the stage of life.” – Dr. Elise Bialylew

“Believing in what you’re doing really makes a lot of difference in marketing.” – Dr. Elise Bialylew

“If you want a mind that is functioning in its best, you actually need to train it.” – Dr. Elise Bialylew

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Music from https://filmmusic.io “Cold Funk” by Kevin MacLeod (https://incompetech.com). License: CC by http://creativecommons.org/licenses/by/4.0