Leading on from a previous podcast ( see eps 89 ), as we know our retailers and hospitality are doing it tough and it's always around finances. So, to help us further I have invited an absolute powerhouse in the world of profit acceleration & business growth—Phil East.

Phil is a Profit Acceleration Specialist and Business Strategist with a mission to take profit acceleration mainstream. Phil combines his background in accounting, banking & marketing to help business owners implement proven, low-cost to no-cost strategies that uncover hidden revenue streams and create sustainable growth.

So in this must-listen-to episode, Sam seeks to gain some insights on how we can improve profit in our small businesses..

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Follow Phil on Linked In and Facebook - look for profit improver.

You can download his book here and and just for you there are some bonuses after you sign up with your email.

( btw check out the last chapter - another hidden strategy )

For the action takers ( the book downloaders ) exclusive bonus is a free 12-month enrolment in Profit Improvers online business academy, "The most powerful and dynamic client attraction programme ever created!" Valued at $997- A 52-week Virtual MBA business growth Inc.

Its free once you get that confirmation & access detail email from Phil.

Inclusive of this deal is access to the advertising and marketing samples ad library for dozens of business types, and an 8-part Financial Training Academy..... plus much more

Access The marketing academy at www.profitimprover.com.au and use the login button on the top right.

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If you love the episode… subscribe, share, like, or let me know about a future topic.

Head over to the website, samhicks.com.au and sign up for the 5-minute business boost newsletter.

Or see how we can work together to reach your small business goals; whether via mentoring, attending a workshop or a small 1-hour course.

Follow me on social media (@samhickscomau) and remember, anything is possible in business.

In the fast-paced world of social media, staying updated with the latest trends is crucial for small businesses aiming to maintain a competitive edge.

But with so much happening, how can we keep up?

To shed light on these developments, I've delved into insights from two sources: Hootsuite's "Social Trends 2025" and Social Media Examiner's "Industry Report 2024."

These reports offer valuable perspectives on the evolving social media environment and provide actionable strategies tailored for small businesses.

By understanding and implementing these insights, small business owners can effectively engage their target audiences and drive growth in this ever-changing digital era.

After reviewing ( and yes AI helped ) I have identified the top five social media insights that small business owners could & should consider for stronger digital marketing strategies in 2025.

Let's get started!

If you love the episode… subscribe, share, like, or let me know about a future topic.

Head over to the website, samhicks.com.au and sign up for the 5-minute business boost newsletter.

Or see how we can work together to reach your small business goals; whether via mentoring, attending a workshop or a small 1-hour course.

Follow me on social media (@samhickscomau) and remember, anything is possible in business.

In this week's episode Sam discusses Australia's small businesses in the retail and hospitality sectors that are currently navigating a complex landscape marked by rising operational costs, stringent compliance requirements, and shifting consumer behaviours.

These challenges are compounded by increased global online sales and a customer base grappling with a higher cost of living.

Sam explores 6 challenges and 6 potential opportunities with the help of some articles and reports.

Hoping to inspire our small business owners to identify potential opportunities.

Links

Australian Retailers Association (ARA)

https://www.retail.org.au/news-and-insights/investing-in-employees

https://thebigsmallbusinesssurvey.com/

Australia Posts e-commerce industry report 2024

Future Food Blog

The daily telegraph

https://supy.io/

https://www.restoke.ai/

https://www.theage.com.au/politics/victoria/the-secret-report-showing-how-victorian-businesses-are-being-stifled-20240814-p5k2d1.html

If you love the episode… subscribe, share, like, or tell me about a future topic.

Head over to the website, samhicks.com.au and sign up for the 5-minute business boost newsletter.

Or see how we can collaborate to reach your small business goals, whether through mentoring, attending a workshop, or a one-hour course.

Follow me on social media (@samhickscomau) and remember, anything is possible in business.