Aquna Sustainable Murray Cod
After Mathew decided to leave the life of agriculture, he sold one of his family’s farms to finance the start of his business, Aquna Sustainable Murray Cod. But as he explains on this episode of The Company You Keep, the money part of doing business “has always been a big issue for us”.
After getting some help from the New South Wales Government, the business made a big decision: to make a public listing. “I think we've done a reasonable job of making that jump. I'm still learning every day, but that's certainly helped with some of the challenges around funding and financing the business.”
With lending into agriculture getting harder and harder, Mathew’s decision to seek a listing paid off. And not just with finance: Mathew says the listing gave his business a much needed line of succession.
“I've seen a lot of agricultural businesses where someone works their whole life to build the business and they're the boss, they're the worker, they're everything in that business.”
Mathew says one of his biggest challenges has been self-doubt, something that plagues a lot of small business owners. His advice? You might as well just have a go anyway – because it’s better than living with regret.
Oh, and strong budgeting, too.
“I think regardless of how well you budget a start up, whatever you think it's going to cost, it's probably close to double that.”
Mathew also recommends tapping into My Business's resources, which he cites as providing valuable HR information for his own company. “We've used the Workplace Assured platform for our HR monitoring, and then the awards program.”