Stratosfear Pty Ltd

Happy Fathers Day. One of the things that we know and appreciate is the effort most men put into balancing their family responsibilities and work responsibilities. Getting the balance right is challenging. When you talk to business owners and successful men, they do reflect on how difficult it is to grow a business or career and to still be available to your family. On this day devoted to being a father, please cut yourself a break and enjoy your time with your family. Working out how to “make more time, to give more time” to your family, while growing your business can be done. If this speaks to you, please give us a call. 0411471740 #workbalance #business #balance Jamie Holroyd Tristan Holroyd Jacqueline Holroyd

Friday morning is Bug Pad time. Every Friday we book out the first 4 hours of the day and avoid the temptation to do any client related work. Friday mornings are all about internal issues only. The great Dr Ichak Adizes recommends one day a fortnight working on the Business, or in our case 4 hours a week. This is much harder than it sounds and takes an enormous amount of discipline. The Bud Pad concept is a proprietary concept that we have grown and developed. It’s beautiful in its simplicity but powerful in its application. If you'd like to know more, contact Jacque Holroyd (0411 471 740) or via email at [email protected] to organise a meeting to discuss this fascinating concept. Jacqueline Holroyd Jamie Holroyd Tristan Holroyd #processimprovement #management #businessmanagement

It’s highly likely your business is Underperforming. In fact, it is more likely than not. How can we make such a definitive statement? Over the past 35 years there has only been half a dozen businesses that we would deem to have achieved, “STRATOSFEAR elite” status. In line with the original STRATOSFEAR founding principles, all of these elite companies had exceptionally high-quality financial reporting during their infancy. It was one of their primary focuses when managing their business. You can’t produce good numbers without a complete understanding of your Business Model. You can’t manage your performance and execution against that Business Model without timely, accurate and reliable financial data.   What do we know definitively as a product of our experience? •        Most businesses rarely look at their financials. •        Most business owners don’t fully understand their numbers. •        Most companies put no thought into the layout of their Chart of Accounts. •        It is surprisingly common and relatively easy for us to spot obvious errors in company management accounts. This is such a chronic area of value destruction that is so easily preventable, that we’ve committed to running the STRATOSFEAR Seminar Session, “Do You See What I See?” on a regular monthly basis on the last Thursday of every month. We’ll share our unique insights and take you from average to best practice within the space of 2-3 months. These are not dry boring presentations about numbers. They are high energy, passionate sessions, filled with real world examples and inspirational war stories. To make sure you don't miss out, message Jacqueline Holroyd or email [email protected] or keep an eye out for the upcoming session to book a place, accelerating the value enhancement of your business.  #business #growth #improving #knowyournumbers Jamie Holroyd Tristan Holroyd

If you’re a Finance Broker, Business Advisor, Accountant or Business Owner and you have a transaction that you think should work but are frustrated by the Banks lack of excitement for it, feel free to drop in to STRATOSFEAR and let’s have a chat about it. We know that some of the most iconic transactions we have been involved in, nobody wanted to know about at first. We bring a wealth of experience, deep industry knowledge and a proven track record of navigating complex financial landscapes. Our team excels at finding innovative solutions to challenges, ensuring compliance, and optimising outcomes. By partnering with us, you gain a trusted advisor who can mitigate risks, streamline processes and deliver results that align with your strategic goals, ultimately saving you time and enhancing yours and your client’s financial success. If you would like to know more, please call Jamie Holroyd on 0422 907 902 or contact him via email at [email protected] Jamie Holroyd Jacqueline Holroyd Tristan Holroyd #financebroking #banking #corporate #businessowners #accountants

Westpac Shears the Sheep BUT do you want Choice? Westpac has decided to Close their RAMS Home Loan Franchise After Strategic Review. This means closing its RAMS home loan offering for new loans after a strategic review and subsequent failed attempt to sell the RAMS business. Acquired in 2007 for $140 million, RAMS comprised 53 franchises and the brand name, with Westpac providing $2 billion in funding. This acquisition was part of Westpac's strategy to diversify its portfolio, coinciding with its merger with St George Bank. “Have a RAMS or Westpac Loan? Are you looking for a consistent point of contact to service your individual needs? Please consider your options with STRATOSFEAR and experience the change.” Tristan Holroyd Over the past year, Westpac has exited several sectors, including general insurance, lenders mortgage insurance and auto finance in Australia. This latest decision comes months after Westpac engaged Morgan Stanley to explore the sale of RAMS. The closure is happening in the context of a class action lawsuit filed in May in the Federal Court by Morris Mennilli lawyers on behalf of former franchisee, Top Ryde Financial Services, alleging that RAMS breached its contractual and statutory duty of good faith. RAMS has also been under scrutiny by ASIC for home loan provisions from January 2019 to September 2023, and APRA is currently investigating Westpac's mortgage broking arm. Damien MacRae, Westpac's Managing Director of Mortgages, stated in an ASX release, "We have delivered considerable portfolio simplification over recent years and after a thorough review, have decided that offering home loans through RAMS franchisees is not right for Westpac." Westpac has stated that this decision will not materially impact its next financial results. The total RAMS book is valued at $31.8 million, with the business currently operating 36 franchises. Existing RAMS home loans will remain in place, with customers continuing to access services through the RAMS app, website and call centre, all supported by Westpac for current mortgages. RAMS franchisees will receive mutually agreed support, with ongoing opportunities within Westpac. A Westpac spokesperson confirmed there is no set timeframe for rebranding or integrating the RAMS app, call centre, and website into Westpac's broader offerings. Existing customers will see no change and can continue using these services as usual. Have a RAMS or Westpac Loan? Want a consistent point of contact to service your individual needs? Please consider your options with STRATOSFEAR and experience the change.   Tristan Holroyd Jamie Holroyd Jacqueline Holroyd Exponential Finance #homeloan #choice #rams

Seven key points to consider why Elite Businesses Get their Year End Financials Completed Promptly. Jamie Holroyd Tristan Holroyd Jacqueline Holroyd #EOFY #Elitebusiness #financeready #buildtrust #identifyissues

STRATOSFEAR Best Practice Guide - Why Elite Businesses Get their Year End Financials Completed Promptly. As a business owner, ensuring that your EOFY financials are completed promptly is crucial for several reasons, particularly when it comes to securing and maintaining financing. Recognising and acting on the importance of timely year-end financials, positions your business for greater stability, growth and success in an increasingly competitive and regulated environment. To find out our seven key points to consider in our article.

Strategic Management is not only about brilliant strategy and sound execution, it is about avoiding predictable mistakes. The drivers and reasoning behind how and why business people may make poor and impulsive decisions is something that has always perplexed and fascinated the STRATOSFEAR team. If you ask them, these intelligent, competent and creative business owners often are unable to quantify why they do this at times. To understand this better you can consider the following as isolated or a combination of reasons as to why you can find usually focused and driven people make impulsive, ill thought through decisions: 1. Pressure: Business people often face tight deadlines and high expectations, which can lead to impulsive decision-making in order to meet these demands quickly. 2. Lack of information: Sometimes, business people may make impulsive decisions due to a lack of complete information or a failure to consider all the relevant factors. 3. Emotions: Emotions such as stress, frustration, or excitement can cloud judgment and lead to impulsive decisions that are not based on rational thinking. 4. Overconfidence: Some business people may be overly confident in their abilities or knowledge, leading them to make impulsive decisions without fully considering the risks. 5. External influences: Business people may be influenced by external factors such as peer pressure, competition, or market trends, which can lead to impulsive decision-making. Another element to consider is that most entrepreneurial business people have become successful by quickly identifying and addressing issues. This nimbleness is what made them push past competitors and become successful businesses. What they fail to recognise, is when a business has grown in size and scale, consideration of how decisions of the now wider business workings will impact staff and processes. There is a transition and a balance that needs to be achieved to be nimble enough but also wise enough, utilising a combination of professional advisors and staff knowledge, as well as their own. #decisionmaking #business #strategy Jamie Holroyd Tristan Holroyd Jacqueline Holroyd 

The most challenging part working with clients from a Strategic Management and Financing point of view, is not what you would typically expect. Get this key aspect right and transform your business. Jacqueline Holroyd Tristan Holroyd #finance #strategy #MIS

Over the past 30 years the number one unspoken issue we see in businesses of all shapes and sizes is Executive and Owner Operator burn out. Success offers no protection. Even some of the most successful businesses we have dealt with, where owners have sold or listed for tens of millions and in some cases hundreds of millions, have pondered if it was all worth it. Remember to enjoy it. Jacqueline Holroyd Tristan Holroyd