Coffee Time Minutes for 28th August 2011

Welcome

Welcome to our new visitors – Patrick, Larissa, Rachel and Rachel

Who we are?

Small and Home Business owners meeting to build relationships from other SBO’s.

What is CT?

Relatively casual meeting group, where you can network, talk about business ideas and strategies, and learn from one another.

Where?

Tuggerah’s Zenith Centre.

When?

At 10.30 am on the 2nd & 4th Wednesdays of the month. Arrival 10.25 am for 10.30 am start. (Runs for about 1 hour)

Apologises:

Kathy Maree, Andrea Marth, Kathy Bree, Toni Fountain, Amanda, Selma Sancar, Casey Targett, Leanna, Dawn & Bev.

Common Courtesy

I have had a couple of members come and speak to me in relation to the meetings. I would ask that we all show common courtesy to each other. Please do not have your own conversations whilst people are speaking. There will be no tolerance for bullying or intimidation. If this happens you will be asked to leave. There will now be a fine for those members who wish to have their own discussions, there will be a $5 fine that is payable to the Iris Foundation

Today’s Fund Raising - Daffodil Day.
I am selling badges, key rings, and clips. If you would like to purchase one please come and see me.

Update on our Raffle?

This year we have raised $521.05 this year for the Iris Foundation in 2011.

This year we will continue with our Raffles and donation to Iris Foundation. This year we will do a raffle again for the Iris Foundation. We will be looking for prizes/donations up to the value of $10. Its will be up to you if you would like to participate and none should feel obliged. Tickets will be $2 each, or three for $5.

Updated Members

We have over 110 members for Coffee Time. You can come when you are free, never feel obligated and always feel welcome. I have a list with everyone who has come along to Coffee Time; I am updating the distribution list. If you would like to be included, please check your details are correct, update where necessary and add if not on there.

There are 2 business card holders, please feel free to put your business cards in, these are passed around each meeting, and feel free to support each other and utilize their services.

Recap of last meeting

Who booked online for the small business website expo? It’s a free expo website for 6 months. Then we believe it will be $99 for the next 6 months. Great exposure to the community.

Workcover

Don’t forget Jay can come out to your workplace and do a free assessment; you can then get a $500 voucher/credit towards purchasing safe office things (chair, etc). Jay also has workshops, one on one meeting and assessments currently available. If you wish to have a free appointment with Jay please contact him on jay.lewis@workcover.nsw.gov.au


Updates

Next Coffee Time – Networking Event – Melbourne Cup

We are organising 2 tables at the Melbourne Cup Luncheon at Wyong Race Club. Tuesday the 1st of November. Tickets are $70 and we have 8 seats per table. If you wish to come along, please book in with me in the next 4 weeks. Payment is the 30/9/11.

So far we have booked in: 14 booked which are 2 tables, and need to let Kate know if we need another table.

Networking:
· Coffee Time 28th September
· Coffee Time 12th October
· Coffee Time 26th October
· Fridays round the coast SBNG – 3rd Friday here at Zenith
· BWC lunches on each month – for more info contact Kym Williams
· Success Women’s Networking Luncheons
o 1st December – Christmas Party

Expo’s in 2011
· 10th and 11th September is the Parenting and Baby Expo on the coast at Mingara. For more information, please contact Dave at 2GO/Seafm

Advertising with Buy Local
· B2B – online buy local $22 per month – see B2B or www.buylocalconnect.com.au


Education:

2011 – Visit BEC upstairs or log on to www.ccbec.org.au
Courses:
31/8/11 – MYOB – tips tricks and more $85
13/9/11 – Maximising profits - $65
26/9/11 – Import/Export for your business - $195
27/9/11 – Import/Export for you business - $195

BEC has Memberships available:
- Business Basics Membership - $249.
- Business plus Membership - $748.

For more information, please speak to Darren or Debbie at the BEC – 02 4355 4885

Action Coach is running Business Mastery – Business Cart IV. If interested contact Michelle on 4369 3704

Update:
· Melbourne Cup – Wyong Race Club – 1st November
· Spring Fling – 19th November (meet new people)
· Buy Local Key Rings – going coin donation – money raised goes to the Iris Foundation

Wins:

- Lyn Thompson – Events with a Twist has been nominated and become a finalist in the Australian Events Awards
- Patrick – elected to The Entrance Chamber Commerce as a board member
- Kate Morris – has been elected to the Northern Lakes Business Chamber as an Executive Member and the Events Co-ordinator.
- Kate Morris – has been walking the dog, rather than taking him for a walk in the car.

Who are you & what do you do: 30 Sec story about you

Tarnia Gurney
Gurney Financial Services www.gurneyfinancialservices.com.au
Planningwerx4U www.planningwerx4u.com.au

Nicolette Gregory
Photographer onefitone@bigpond.com

Kate Morris
Events with Pizazz www.eventswithpizazz.com.au

April Izzard
Unique Security www.uniquesecurity.com.au

Lyn Thompson
Buy Local online/ LBH Promotions/ B2B www.b2bwithatwist.com.au

Tony Bourke
AIIB Insurance Brokers www.aiib.com.au

Paul McCarthy
LDN Local Direct Network www.ldn.net.au

Rachel Dillon
Elite Embroidery eliteembroidery1@yahoo.com
Rachel
Wild Side Brides www.wildsidebrides.com.au

Patrick Zuluaga
PMZ Marketing www.pmzmarketing.com.au

Larissa Breen
FMS Accounting Services www.fmsgroup.com.au

Marama Carmichael
Essential Wellbeing http://essentialwellbeingforbusiness.com

Kellie Targett
Insurance Adviser net ktargett@iaa.net.au


Today’s Presentation: Tony Bourke on Insurances

Insurance tips and Traps
- Under insurance penalties are severe:
- Example – Contents Sum Insured on Office Policy $50,000
o Actual Full replacement value should have been $100,000
o Storm Claim – contents damage is $40,000 to repair and replace
o Insurer only pays $20,000 as client is under insured by 50%
- Solution – Valuation or pre loss Assessment:
o Can cost as little as $650 for a pre loss assessment and in some cases insurers will remove the under insurance penalty from the policy.
- Questions from group:
o Insurance for Markets and stall holders.
§ Market organisers need to have their own insurance
§ Each stall holder should have their own insurance
§ You cannot on sell insurance to the stall holders
§ You can get one off policies or annual policies
§ Go online to AAMI
§ Cover is for product and public liability
o Home insurance, landlords insurance, contents & building.
§ Not all the same
§ Prices have doubled and tripled since the floods and cyclones in Qld this yr
§ Don’t judge on price
§ Check you are covered for flood/fire/water damage/etc
§ Accidental damage needs to be covered
§ Defined events need to be covered
§ Some insurance companies do not cover for floods
§ Contents include – carpets, window furnishings aswell
o Is it cheaper to pay monthly or yearly and is it good to combine insurances to get a discount.
§ Insurances should be reviewed every 12 months
§ Really no difference between monthly and yearly now
§ Discounts for combining policies. You can do it, but may miss out on a better offer if you have it with a few companies.
o Pricing – Agreed or Indemnity what’s the difference
§ Agreed – is agreed price or replacement for new
§ Indemnity – is market value
o Under /over insured.
§ As mentioned previously, under insurance can work out detrimental to you in a claim
§ Over insurance is not necessary beneficially either
§ Go online to the insurance companies and use the online calculators
o Under 25 drivers on your car
§ Make sure they can buy calling your insurance company.
§ Some insurance companies have clauses
§ Check under 25
§ Own car – maybe get 3rd party property for under 25s if car only worth $1000. (speak to a insurance broker for further information as subject to exclusions and advice)

Thanks Tony for your time and information today.

Planningwerx4u has Business Planning Cds for $50 each, if you would like one please let Tarnia know.

Thanks and see you next time

NEXT MEETING: 14th September – arrive 10.25am for 10.30 start – sharp
Presentation – Open Forum – Topic to be decided on the day.