Welcome to the Small Business Interview Series. Here we will showcase small businesses in Australia/New Zealand that offer products or services that may help our readers to achieve a better work, life and fun balance. Considering each of the 5 pillars; health, wealth, relationships, mental health, community & spirit as part of an overall strategy is super important when making life decisions. Therefore we will not focus on the ‘cheapest’ products or services on the market, but those which will add the most value and will help you stay focused on the bigger picture. We hope you find some awesome new products/services to consider helping you live a happier and more fulfilled life.
Today’s interview is with Greg Mawer. Greg runs his own small business, Mawer Consulting – an accounting, taxation and business consulting firm in Manning, WA that helps business owners achieve what they desire. He has also recently started a blog, Mawer Money which focusses on Financial Empowerment for Australians
1. Please tell us a bit about your business. What products/services do you offer?
At Mawer Consulting we train, guide and coach business owners to redesign their business in a way that allows them to live the lifestyle they desire. Our mission is to enhance the success of small and medium size business owners. We aim to be a valuable and innovative resource to our clients. This is achieved through practical, client focused solutions developed in partnership.
My favourite service that we offer is Financial Modelling. This service assists clients with either a new or existing business to consolidate their strategy and goals into a financial model. This then provides confidence with their decisions for the future of the business.
I have started Mawer Money as a social enterprise to help Australians with Financial Literacy and Empowerment. The intention in time is to develop the blogs ideas and suggestions into a book and offer classes. This is to ensure there are more easily accessible ways for Australians to a financial education and hopefully lead to more financial empowerment.
2. Why did you start your business?
I started Mawer Consulting in 2013 as I love small business and wanted to use my unique skill set to help business owners achieve what they desire. It has recently become my longest ‘full time’ job, hence proving that I am my own best boss J
In recent times I began to realise that the level of Financial Literacy in Australia is very poor. Nigel Marsh said, “There are thousands and thousands of people out there living lives of quiet screaming desperation who work long hours, at jobs they hate, to enable them to buy things they don’t need to impress people they don’t like.”
This quote really resonated with me and so I decided to make it my prerogative to help ensure that more people have at least a basic level of financial literacy. This is why I started Mawer Money this year (2017). I blog to record my thoughts on all topics relating to money and tie this back to happiness and contentment. I will consolidate these posts to write a book to allow people to follow a user-friendly process to achieve Financial Empowerment and Freedom.
3. How do you help people achieve balance in their lives?
I believe greater financial literacy will not only have a positive impact on the individual I help but also wider community as well. If I can help people to improve their financial literacy, this will, in turn, help them in other areas of their life including mental health and building strong relationships. This is because I have confidence it will lead to greater mental wellbeing and more happiness as well as a reduction in things such as depression, domestic violence, reliance on welfare and suicide.
I learnt a long time ago that your knowledge is very powerful. No matter how simple the knowledge may seem to you, it can be life-changing for someone who hasn’t had that lesson yet. As such, I am making it my mission at Mawer Money to improve the state of financial literacy in Australia (and the world). I will also call upon the government and forward-thinking organisations to support me in this mission.
“Sometimes it is the people no one can imagine anything of who do the things no one can imagine.”
4. What are your interests outside of your business?
I love dogs – they are the best people. I also enjoy cooking (I make great pasta from scratch) and fine wine. While fine wine doesn’t necessarily fit into a purely frugal lifestyle – it is all about balance 😉
5. How do you ensure you achieve a work/life balance while running your small business?
I work at the office and not at home. I turn my phone onto silent on weekends and evenings. I also go on regular holidays encouraged by my fantastic and supportive wife – we just got back from Taiwan!
6. Where do you see your business going in the next 5 years?
Slow and steady growth. I have seen too many businesses grow too fast and implode.
7. What has inspires you most in business or in life?
My desire to help others and pass on my knowledge so others are also empowered. I believe financial literacy should be taught in primary school, high school, and prior to being able to purchase a property and take out a mortgage. I haven’t seen this happen so I want to change that and make financial conversations more prominent in Australian households.
8. What is your best piece of advice for someone looking to start their own small business?
It was too hard to keep it to one! My top tips are;
- You have to have the right internal motivation for starting a business. It is a reality that most people support celebrities/brands that they don’t know over small business so you need to keep going even when it feels tough.
- Align where the business fits in with your life goals and stick to it – don’t overwork yourself if it doesn’t fit into the long-term plan.
- PLAN, PLAN, PLAN – research the business idea the market, your competitors etc.
- Seek the advice of a well-rounded expert business advisor who can assist you make the right decisions.
Miss B here again. Thank you very much, Greg, for participating in our interview series. It was fascinating to read how your business has led to creating a social enterprise that will focus on such an important topic. We wish you the best of luck in spreading the financial empowerment bug 🙂
Do you have any questions for Greg about Mawer Consulting or Mawer Money? Have you considered starting your own small business?
You can also find Greg on Twitter
We hope you find some value in this post, either from considering a new product or service to help you live your best life or by being inspired to start your own business.
If you have any favourite Australian/New Zealand small businesses that you believe All About Balance readers should know about please let us know!
Keep an eye out for the next post in the series.