I’m sure you have heard the statistics. In Australia, more than 60% of small businesses fail within the first three years. There are various reasons cited for this including cash flow issues, trading losses, inadequate training and lack of capital. However, I believe most businesses fail because the owners are so excited about their idea […]
MACHUS Solutions’ CEO, Mac Radomyski, has over 30 years’ experience working with small business clients, ranging from sole traders to multi-site operations, in almost every industry. What makes a small business? Formally, Mac has always used the ATO’s definition as his measure of whether a company is a small business. That is, a small business […]
Australia’s franchise landscape Franchising is a rapidly growing aspect of Australia’s small business sector. According to the Franchise Council of Australia’s latest “Franchising Australia” survey, there are 1,120 business format franchisors in Australia with an estimated 79,000 individual franchisees in operation employing over 470,000 people. For a small investor looking at starting a business, franchising […]
Having worked with small to medium-sized enterprises (SMEs) for over 30 years, most recently as CEO of MACHUS Solutions, I have been privileged to provide advice to clients in almost every industry. But, by working with all kinds of SMEs, ranging from sole traders to multi-site operations, I have unfortunately witnessed a lot of business […]