entrepreneurship

Member Focus Series: Kusal Goonewardena

Rejoining EO is Kusal Goonewardena, Founder and Director of Elite Akademy Sports Medicine, Since 1999, Kusal has worked with athletes and teams, travelling around the world, providing his athletes with the utmost care. He provides the most up-to-date techniques to prevent injury, provide rapid recovery if injured, and enhance performance and win.

Member Focus Series: Graham McNicol

EO Melbourne welcomes one of the latest additions to its chapter — Graham McNicol. He is the CEO of MSP Photography and an experienced Project Manager with a demonstrated history of working in the retail industry. Graham is a strong sales professional with a Bachelor of Business focused in Human Resource Management from the Swinburne University of Technology.

How Melbourne Business Owners find opportunities in difficult situations

“You may encounter many defeats, but you must not be defeated. In fact, it may be necessary to encounter the defeats so you can know who you are, what you can rise from, how you can still come out of it.” — Maya Angelou

Successful entrepreneurs get to where they are now because of their determination to reach their goals, which includes braving the odds and overcoming hurdles. The recent global scenarios in the past two to three years have been very challenging. Many business leaders have looked into finding opportunities under tough situations. But how do you do it?

Member Focus Series: Michael Lattouf

Michael Lattouf is the Managing Director of Mikado Group. Michael has over 15 years of experience in senior and executive roles in Infrastructure, Railway Signalling and Telecommunication project planning and delivery in both the public and private sectors. He is a Chartered Engineer, Fellow, and EngExec and also holds a business degree majoring in financial management encompassing both technical and commercial expertise.

Data vs gut-feel in decision-making

When do you use data and when do you rely on instincts in making business decisions?

Decision-making is important in every business and organisation. It is crucial in finding short-term, medium-term and long-term solutions to problems or plans that need to materialise.

The importance of innovation in business

Competition is getting fiercer, technology is advancing faster, and market preferences are leaning towards newer products and services. For enterprises to have a continuous upward curve in their performance and remain relevant to the changing times, they need to look for ways to constantly innovate themselves and consistently improve their business.

The value of training in organisational development

How do you nurture your organisation’s human resources? Every member of your team is valuable on how to bring your business forward and achieve its goals. But as you take in new challenges, aim for greater heights and expand your horizons, how do you equip your people to ensure that you can all move towards the same direction and at the same speed?

Corporate values and nurturing them in your business

Corporate values are important in every organisation because they provide a strong foundation for decision-making, team building, customer relations and driving your business forward. It is your company’s compass that directs you which way to go and the backbone on how to run your business successfully.

Dealing with burnout and work fatigue

When your days are filled with tonnes of emails to check, meetings to attend, fires to put out, and many responsibilities to take care of, it won’t be surprising to find yourself feeling weak, tired, anxious, irritable, exhausted, drained, depressed, forgetful and the list goes on. How do you manage burnout and work fatigue so that you can sustain yourself for the long haul?

Discussing business and work with your life partner – how much do you reveal?

When it comes to your business, how much do you share about it with your life partner?

The life of an entrepreneur is a challenging one. The demands and responsibilities at work may often be overwhelming that you will sometimes feel the need to be supported at home by your spouse or life partner when it comes to your business endeavours.

Realising true entrepreneurial freedom

by Jamie Lingham

As an entrepreneur, I want the benefits of not only being my own boss but also having the ability to do what I want, with who I want, where I want and when I want. After 20 years of running my immigration business, dealing with staffing issues, long nights, long weekends and time away from my family, COVID was the one to push me to take on the ultimate travel, work, and family adventure around Australia.

How do you communicate bad news to your clients?

In every business, there are times when things take a different turn and projects can often head south, may it be due to human error, unforeseen circumstances, or uncontrollable situations. When things go awry, how do you break the bad news to your clients?

There are different approaches to it, depending on your client’s characteristics and your relationship with them. A few entrepreneurs share with us their experience and how they tackle the problem when the situation calls for it.

Budget-saving tips for more cost-efficient work operations

In business, it is important to note the resources coming in and the resources that are going out and being used – may it be in the form of cash, goods, time, and other things. Keeping up with your day-to-day operations may quite be a handful, but with a few tips, you may just be able to have a more cost-efficient day-to-day operation in your workplace.

We gathered some amazing ideas from entrepreneurs on how they budget their resources, lower their spending, and save money, time, and effort.

3 different ways innovative entrepreneurs use cryptocurrency for their business

As the online space and financial world merge more and more and break boundaries, the interest in cryptocurrency is increasing by the minute. People looked into it as a way of boosting their financial resources. As its popularity rises, cryptocurrency has become an option for entrepreneurs to use in their business. How can it be done?

While many cannot still wrap their heads around this new concept, we tapped into the expertise of EO Melbourne Member and Nugget’s News Executive Director Ben Simpson, who shared with us his thoughts on the subject matter.

The power of connectedness through mentorship

As a way of honouring women around the world, we celebrate every 8th of March as International Women’s Day and certain parts of the globe regard the whole of March as Women’s Month. In time for this celebration, we feature two wonderful female entrepreneurs who have led their respective lives inspiring others.

It seems like a match made in heaven for mentor Cristina Re, Director at Cristina Re Designs, and mentee Danielle Mastro, Co-founder and Director of Lights, Lights, Lights when EO Melbourne brought them together through the chapter’s Mentorship Program. Cristina and Danielle shared how their connectedness, their roles as women in the family and society, and their entrepreneurial journeys have become instrumental to their mentorship experience like pieces of fabric that create a beautiful tapestry.

The path of entrepreneurship through acquisition

When we talk about entrepreneurship, the first thing that comes to mind is starting a company from a garage. However, there are various ways towards a successful business journey, and one of these paths is entrepreneurship by acquisition. Top-level universities and business schools like the Harvard Business School, Columbia University, The University of Chicago, and Duke University, among many others, even offer Entrepreneurship by Acquisition in their curricula.

What quirky hobbies do entrepreneurs have?

Hobbies can help an individual learn new things, acquire additional knowledge, declutter the mind, bond with people who share the same interest, and warm the heart. Hobbies are beneficial to the physical, mental and emotional well-being of a person, especially to entrepreneurs and business leaders.

Intriguingly, some entrepreneurs have quirky hobbies that show us their fun side that we do not get to see most often. EO Melbourne members share their interests when they’re not on their laptops immersed in their business.