TOP TIPS TO INSPIRE YOUR BUSINESS

Be the disruptor in an industry and the challenger

I built my business to deliver brand & savings enabling me to take on the big players Myer and David Jones..

What business are you in? What emotion are you tapping into?

I am in commercial real estate business simply providing a therapy into people’s lifestyle & dreams.

The biggest asset you have is your time and ability to work in a business

If you’re willing to invest that, you want the return.

Value your time, expertise and ability to grow and lead a business.

Have you ever failed in your business life?

If you fail, have you got enough fight in you as a leader to recover?

Who would you rather back – a front-runner or a fighter? I always back fighters. 

You’ve got to own your own product and control the supply

Garrards needed access to Credit to provide variety of products so when we grew, we were not restricted on access to credit and pricing. Very early on, I bought the property to protect their future risk.

Otherwise you run a huge risk of being cut down later on.

Keep assessing markets

Markets change and move. Know your marketplace.

Be fearless not reckless

Fearlessness needs to be knowledgeable. An understanding of your market combined with fearlessness will make you tough to beat – and the competition should look out!

Remind yourself who you are and why you’re in business. Ask why?

This gets you through the ‘how’

What’s your exit strategy?

How and when do you plan to exit? All an exit strategy means is that you’ve got a plan, it doesn’t mean you sell.

How far are you prepared to go?

What are you prepared to risk and put on the line? 

Are you prepared to do what it takes along with the potential impact is may have on you and your family?

Will your family support you?

Have you been honest enough and explained to your family what you’re about and willing to do and the commitment required? Make sure they’re agreeable.

Have you been truly honest with your family and do they accept you for who you are?

The reward comes with risk-taking, hard work and commitment. If these preconditions are not met, marriage breakdown and family dysfunction could be the result.