TSS029_Running a lean business

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Series: Big Business

Cohost: Ben Stainer

Introduction.

Welcome to the Big Business Series with Ben Stainer. Ben formerly ran on of Sydney’s largest service business, ‘Australian Five Star Trades’, which later became ‘General Trades’. At it’s peak, Bens company was turning a million dollars a month, so it’s fair to say that Ben is More than qualified to talk about Big Business. Throughout Bens journey, he’s encountered highs and lows, going through everything from large profits, right through to getting smashed in the media. If you’ve ever had aspirations to build a big business, you’ll love this series as Ben Shares all and drops some absolute bombs along the way. Don’t forget to PLEASE leave us a review on iTunes, Stitcher, or Soundcloud. you have no idea how much it helps us with ratings.

Episode 1: Running a lean business

In this episode Ben and I discuss how to run a lean business and how to NOT over capitalise. Very often when you’re making money, it’s easy to over spend. The more you make, the more you seem to spend and the cloud of success seems to cover it up. Ben has been there and done that and he says that if he had his time agin, he’d tighten the screws on spending, especially when you’re making lots of money as more often that not, you’ll have more leverage with suppliers, etc. Running a lean business means having a firm understanding of your costs, which in return affects everything right down to what you’re charging and what you’re paying your staff. We’ve chosen this topic to be the first of the ‘Big Business’ series for a reason. Enjoy.   Episodes to follow: Episode 2: Building a $12,000,000 business Episode 3: How to handle negative media Episode 4: Taking money off the table…and investing it wisely.

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