Dan Smith’s Post

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Last week I was in Australia with Nihat to catch up with clients and operators on the hotel market outlook. After a good start to the year with a strong events calendar, there has been a slowdown in performance with domestic demand particularly soft. The coming months look fairly flat, yet hopefully there will be an acceleration in bookings heading into the summer. Transactions have slowed down and should come in around $1b this year, with many foreign buyers active in other markets in AP or Europe. Local capital, including players backed by global LPs, is quiet v the past years other than midmarket and sub-$50m trades. Once interest rates start coming down, Asian buyers will be most active for the coming years with Australia high on the wish list. Definitely a lot of movement in brand conversions, adoption of white label operators, flipping to franchise, and generally owners questioning the best operating model for their hotels. HMA terms were already owner friendly in Australia - in fact the lowest in AP- and there is more flexibility and opportunity now than ever to get the structure right. Despite a bit of gloomy weather and sentiment, Australia remains a real safe haven in AP and core capital destination. With a reduction in lending rates, an uptick in domestic spending, and a narrowing of the pricing gap - we should be back on track. Great to spend time with Peter Harper, Ben McDonald, Gus Moors, Adam Bury and Ross Beardsell, and to have Pamela Ambler join us for client meetings to share a wider RE view.

Today started with a 7:00AM call with a new client that is based in Asia. When I asked who I could thank for the referral he said that my firm came up several times in an international, e-commerce entrepreneurs forum of which he is a member. Wait… What? I really didn't know what to say to that. I mean...really? Savage Tax was the subject of discussion on an International platform? It speaks volumes for the team that we can do one little thing from our dining room tables and be noticed by businesses all over the world for it. I was very moved by the idea that, after only 8 years, we have earned that reputation. Linda Jenson and Jenna Garbedian….you guys are absolute rock stars. It tells me you don't need a big fancy office, a massive advertising budget or claim to be an expert in everything to make a go of an idea. It also tells me that if you do one thing, very well, on time, at a reasonable fee and try to have fun along the way, you can make a difference. Most importantly, and let me say this a bit louder for anyone at the back who still hasn't gotten this message: Being a good human being is ALWAYS a good business strategy. 8 years. 5 continents. 3 professionals. 1 practice area. Savage Tax….we care so you don’t have to.

With new business starts well under the yearly average, let's see what else happened over the last week for new and closing UK businesses: 📉 Formations are still well under the 19,239 weekly average for the year. 🥇 It was the best Sunday for new UK starts in 41 weeks! 📊 Still no change in the top 5 UK industries - for a month! Did you have a quiet week last week, or was the economy generally slow in that week? Follow this page to receive this weekly update on the UK economy so you can better plan your sales efforts. Looking for new businesses? Filter by 'New' in Leadsearch to see the latest businesses in any UK industry. #BusinessTrends #UKEconomy #StartupStats #BusinessFormation #EconomicUpdate #SalesStrategy #NewBusinesses #Business #IndustryInsights #Sales #CRM #AIResearch #AI

LYRIC: They were put there by a man. In a factory downtown. Earlier this week I went to the Accountants Business Expo in Melbourne and to be perfectly honest about the only good thing there was listening to Jeff Kennett. Now to be fair Jeff isn't usually my cup of tea, but he spoke so well about leadership and teams and how we as Australians have become complacent in what we bring or offer to the world. Making things in Australia can be tough because of a few reasons. One big problem is that Australia is a huge country with not many people living close together. This makes it hard to move things around, like getting materials to factories and shipping products to customers. Not much we can do about that. Being so far away from the rest of the world is great in some ways and not so much in others. Another challenge is that paying workers in Australia can be expensive compared to some other places. This makes it harder for Australian-made stuff to compete with cheaper things made overseas. Energy costs also go up and down a lot in Australia, which can be a headache for factories that need a lot of power to run. Sometimes, it's hard for them to predict how much they'll have to pay for electricity, and this makes planning tricky. The value of Australian money compared to other countries' money can also cause problems. If our dollar is strong, it can make our products more expensive for people in other countries to buy, which can hurt sales. On top of all that, there are lots of rules and paperwork that factories have to deal with, which can slow things down and cost a lot of money. All challenges which make the things we make in Australia more expensive and therefore less competitive. Australia always used to punch above its' weight, now we bring a lot of our canned fruit in from overseas. That's all for this week. Always read the back of the can. Enjoy the track and your weekend: https://lnkd.in/g8C2Vn_v

🎯🎯 BRAVE BOLD BRILLIANT BUSINESS NEWS – 11TH MAY 2024 🎯🎯   There's so much happening in the world of business that it can be hard to keep up. That's the motivation behind our weekly Brave Bold Brilliant ® business news, to keep you informed of what’s happening globally – the movers, the shakers, the ones to watch and so much more! Feel free to let us know if there’s anything specific you’d like us to cover in future updates. In the meantime happy reading! GENERAL  ▶️ London falls out of the top 20 IPO destinations. The LSE's struggle is exacerbated by top companies leaving the city for other markets, such as the United States, and a general disinterest in London shares. ▶️ Hospitality sector shows ‘cautious confidence’ as rate of closures slows. There were an average of four closures a day in the first quarter of 2024, according to the latest Hospitality Market Monitor by CGA by NIQ and AlixPartners, which is down from an average of eight a day in 2023. ON THE UP  ✅ The White Company profits rise as shoppers return to high street ✅ The HEINEKEN Company to reopen 62 closed pubs and invest £39m in refurbishments across UK sites ✅ British Airways owner IAG sees profits soar as fuel costs cool ✅ BAE Systems, Inc. eyes further momentum on US, UK defence spending ✅ 3i Group plc ups dividend as Action's 'remarkable growth' continues ✅ Amazon to open £500m robot-powered East Midlands warehouse ✅ Octopus Energy valuation jumps to $9bn as investors double down ✅ J D Wetherspoon eyes top-end profit as drink sales pick up IN THE DOLDRUMS 🪓 Losses at Coventry Building Society Arena revealed after MIKE ASHLEY’s takeover as turnaround continues 🪓 Apple sales fall in nearly all countries. This week Apple apologizes for iPad 'Crush' ad after backlash 🪓 bp reports profit drop in Q1 as lower oil prices hit earnings 🪓 Martin Sorrell’s S4Capital places hope in AI as revenue slumps across the board 🪓 John Lewis & Partners axed 3,800 jobs over the past year, filings reveal 🪓 Mothercare PLC ‘marginally’ maintains profit despite sales decline 🪓 Selfridges cuts jobs and blames loss of tax-free shopping 🪓 ITV advertising slump persists, but streaming hours surge 🪓 boohoo struggles continue with earnings and sales down – and losses mounting ONES TO WATCH 👀 Frasers Group closes in on Ted Baker deal 👀 Private equity firms circle Peloton Interactive for potential buyout If you’d like to receive a complete copy of our weekly business news in your inbox every week just sign up today via linktree or email us at [email protected] Here's the link 👇👇👇 https://linktr.ee/JLinfoot #braveboldbrilliant #businessnews #newsupdate

The last few weeks have seen high profile blows to the independent food and drink sector in Cardiff with several much loved venues announcing plans to close their doors for good https://lnkd.in/evsRZ_qY It is clear that something has to give in this sector, the increased cost of doing business coupled with the increased cost of living meaning people have less money to spend on socialising has already hit these businesses hard. The decision by the Welsh Government not to extend the partial business rates relief that remained from the pandemic has added an additional pressure that many businesses are simply unable to bare at this time. Whilst it is clear that the financial position that the Welsh government is operating in is enormously challenging it is also clear that if something isn’t done to support this sector the closures will continue and our communities will be worse off for it.   Long term measures such as the review of business rates and support to make venues more energy efficient, or even energy generating, are welcomed and should be applauded but the pressures many businesses in this sector are facing are too immediate to wait for these medium to long term solutions to have an impact.   Businesses are failing and need support now if they are still going to be trading when business rates reform comes into force.   These pressures are felt most keenly by our small and independent businesses which have tighter margins and smaller reserves. The continued loss of these businesses is damaging to Cardiff as a whole as they are the source of the unique spirit and identity of our capital city.

Essential Edinburgh share the industry’s frustration at the very disappointing news that the Treasury has not yet responded to the overwhelming evidence and calls from businesses across Britain about the damage being done by Britain now being the only European country not to offer tax-free shopping to international visitors. The Treasury has also not responded to evidence of the massive growth opportunity from making Britain the only major European country where the 450 million EU residents could shop tax-free. We continue to call for an independent assessment into the full impact of tax-free shopping. We have not yet had that. All the OBR has done is to review its very limited forecasts of 2020 with no account made for the impact of the growth in spending by international visitors across Europe. And it has not even mentioned the new EU market potential. The Chancellor has stated that “the government is grateful to the OBR for their review of the original costing of the removal of tax-free shopping. The government will consider these findings alongside industry representations and broader data, and welcomes any further submissions in response to the OBR’s findings.” Essential Edinburgh will continue to support the Association of International Retail and partners across the UK, and we look forward to continuing our discussions with the OBR and the Treasury.

Nevada Restaurant Owner Sentenced for Major Tax Evasion Scheme Read more about it here: https://lnkd.in/d7CbE_rW HOWEVER, yourself or your business may be having a hard time, generating inspiring, high quality branded social media posts and SEO. optimised blog content. Our done for you service can help you with: 1. Scaling your brand awareness 2. Expanding your reach 3. Driving more traffic 4. Increasing your lead generation and sales 5. Engaging & interacting with potential customers, suppliers and partners 6. Upselling & x-selling 7. And much more! YOU or your business can get up to: 1. 180 Branded Social Media Posts 2. X4 SEO Optimised Blog Articles = 4000 words 3. Scheduling & Posting across Facebook, Instagram, LinkedIn, Twitter, Google My Business, Pinterest, Tik Tok Every month, from only $99! Learn More: https://1.xpandops.com/rsl #markets #careers #entrepreneurship #futurism #future #quotes #technology #digitalmarketing #humanresources #management #innovation #creativity #india #career #business #sustainability #data #people #climatechange #technology #marketing #automation #innovation #venturecapital #socialmedia #startups #fundraising #productivity