What’s the secret to a successful business? Mark Bouris gives away some of his secrets.
Mark Bouris was the keynote speaker at Kochie’s Business Builders Bootcamp in Sydney. Mark was one of the first to take on the banks when he launched Wizard Home Loans. He sold the business, worked for GE for a while, before starting up again, with finance company Yellow Brick Road. He also found time to host the Australian version of The Apprentice — he was the local version of Donald Trump, but with a better haircut. Mark says he used the TV series as a recruitment exercise for his new business.
At Kochie’s bootcamp Mark gave advice on how to run a successful business, which can be boiled down to five key points:
- Work hard, with a purpose
- Have realistic expectations
- Don’t be an executive
- Employ proprietors
- Have someone ask questions
Hear each of these points explained in today’s podcast.
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Should we have tighter controls on money supply?
Most money in the economy is created by commercial banks? I ask ProfSteveKeen how this power is being used and whether it is harmful for the economy at large?
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Strong data shows it’s (the) US against the rest
Strong US data overnight helps stock prices, even though a Huawei ban escalates trade tensions with China. Unemployment numbers weigh on the Aussie dollar, whilst May’s imminent departure pulls the pound down. NAB’s Rodrigo Catril talks through what you need to know today.
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Russian roulette
The belief in markets, says NAB’s Rodrigo Catril, is that the recovery is broadening and has got legs. Hence, a bit of a risk-on mood today. A possible vaccine from Russia helped too.
