Welcome to this weeks’ episode of The Australian Small Business Show!

Today we are talking about surviving your first firing! When you start hiring staff, you don’t exactly think about how you might fire them, but at some point in your small business journey, terminating the employment of one of your team will be a reality, and let’s be honest, it won’t be fun.

In this discussion we look at the emotional toll firing might have on you, and why this causes so many of us to put it off way longer than we should.

Kristy-Lee also shares her expertise in the technical legal and compliance side of terminating staff, both within probation and beyond.

We then look at what to do after the firing, both when it comes to the individual involved and the team.

Connect with Us: If you're an Australian Small Business Owner, we'd love to connect with you on socials. You can give our Facebook Page a like here: https://www.facebook.com/theaustraliansmallbusinessshow

Or follow us on Instagram here: https://www.instagram.com/aussmallbizshow/

Exciting news: our website is live – check it out at: https://www.theaustraliansmallbusinessshow.com.au/

* Disclaimer: The information shared on The Australian Small Business Show is general in nature and does not constitute professional advice, legal or otherwise. We recommend consulting with your advisors on your specific circumstances.

Mentioned in this episode:

HR Made Simple - Free Webinar

Free Webinar: HR Made Simple - The 6 Part System Every Small Business Needs Most small business owners waste time winging it or throw money at HR software they don’t need. In this free training, I’ll show you the simple HR system that stops the constant chasing, removes the second guessing and gives you confidence in every people decision - even if you're busy, overwhelmed and exhausted. Join this free webinar on the 23rd September and find out more: https://www.peoplepoweredbusiness.com.au/simple

Welcome to this weeks’ episode of The Australian Small Business Show!

Today we are joined by Shandra Moran from The Transit Lounge to chat about the rise of the service based side business.

The Transit Lounge helps Women grow a service-based Side Business to support them in the future – so they can earn great money, doing work they love, without burning out.

Before creating the Transit Lounge, Shandra had an eclectic career as…

• A national multi-award winning Promotions & Marketing Director in the dynamic Radio industry

• Talent Manager for the Merrick & Rosso Show on Foxtel

• Head of People & Operations at a human performance consultancy

– including managing one of the largest organisational culture change programs ever undertaken in Australia

She is also a qualified Executive, Business and Results coach, has completed the Mindfulness Based Stress Reduction [MBSR] program, is an accredited international Money Breakthrough Coach, Podcast Host and co author of international best selling book Elevate Your Success.

Shandra believes in lifelong learning, applying what I learn and sharing it with others so they can apply it too.

I want to help as many people as possible to earn great money doing what they love, without burning out on the way.

Shandra wants to help as many people as possible to create that world, by helping them to earn great money, doing what they love, without burning out on the way.

If you’d like to connect with Shandra, you can visit her website here: https://thetransitlounge.com/

You can connect with her on LinkedIn here: https://www.linkedin.com/in/shandramoran/

Or on Instagram here: https://www.instagram.com/thetransitlounge

Connect with Us: If you're an Australian Small Business Owner, we'd love to connect with you on socials. You can give our Facebook Page a like here: https://www.facebook.com/theaustraliansmallbusinessshow

Or follow us on Instagram here: https://www.instagram.com/aussmallbizshow/

Exciting news: our website is live – check it out at: https://www.theaustraliansmallbusinessshow.com.au/

* Disclaimer: The information shared on The Australian Small Business Show is general in nature and does not constitute professional advice, legal or otherwise. We recommend consulting with your advisors on your specific circumstances.

Mentioned in this episode:

HR Made Simple - Free Webinar

Free Webinar: HR Made Simple - The 6 Part System Every Small Business Needs Most small business owners waste time winging it or throw money at HR software they don’t need. In this free training, I’ll show you the simple HR system that stops the constant chasing, removes the second guessing and gives you confidence in every people decision - even if you're busy, overwhelmed and exhausted. Join this free webinar on the 23rd September and find out more: https://www.peoplepoweredbusiness.com.au/simple

Welcome to this weeks’ episode of The Australian Small Business Show!

Today we are unpacking the results of a recent report produced by Xero called ‘It’s Your Business – How Entrepreneurs are Redefining Their Success in Today’s World’.

There are 2.6m small businesses in Australia, making up 97% of all businesses, contributing $590bn to GDP and employing 5.4m people.

Xero surveyed 500 Australian small business owners for this survey and the findings were really interesting. We really enjoyed unpacking some of the key concepts and findings in this discussion.

Entrepreneur Archetypes

The research identifies three main archetypes:

Lifestyle Entrepreneurs (47%)

Motivated by freedom, work-life balance, and doing work they enjoy. Success= time with family, flexibility, and meaningful work.

Ambitious Achievers (30%)

Motivated by growth, brand-building, and financial independence. Success = scaling fast, creating legacies, building household names.

Situational Founders (23%)

Motivated by circumstance (redundancy, migration, lack of jobs). Success = stability, independence, and serving their communities.

Success, Goals & Gaps

Most entrepreneurs feel successful (96% say they are or on the way), but:

Only 31% have an endgame (succession or exit strategy).

Nearly half (49%) lack long-term goals beyond 3 years.

43% don’t have a succession plan – leaving future continuity at risk.

Power of Advisory & Support Networks

86% of entrepreneurs use an advisor (accountant, bookkeeper, coach). Those who do: 62% reported revenue growth (vs 37% without) and 74% feel confident running their business (vs 53% without).

Advisors influence more than compliance – trust, emotional support, strategy, tech adoption, and HR guidance.

Beyond advisors, owners rely on Google, peers, and family/friends for advice – not always reliable.

Connect with Us: If you're an Australian Small Business Owner, we'd love to connect with you on socials. You can give our Facebook Page a like here: https://www.facebook.com/theaustraliansmallbusinessshow

Or follow us on Instagram here: https://www.instagram.com/aussmallbizshow/

Exciting news: our website is live –check it out at: https://www.theaustraliansmallbusinessshow.com.au/

* Disclaimer: The information shared on The Australian Small Business Show is general in nature and does not constitute professional advice, legal or otherwise. We recommend consulting with your advisors on your specific circumstances.

Mentioned in this episode:

HR Made Simple - Free Webinar

Free Webinar: HR Made Simple - The 6 Part System Every Small Business Needs Most small business owners waste time winging it or throw money at HR software they don’t need. In this free training, I’ll show you the simple HR system that stops the constant chasing, removes the second guessing and gives you confidence in every people decision - even if you're busy, overwhelmed and exhausted. Join this free webinar on the 23rd September and find out more: https://www.peoplepoweredbusiness.com.au/simple