The Future of Business Swap

•The Facts•The Problem•Our Decision Making Process•The Solution•The Way Forward•Your Questions and Comments

In this presentation:

The Facts

Break Even

355

Break Even

Current

355

323

Membership

New Members This Year

116

New Members This Year

Lapsed Members This Year

231

116

Membership

The Problem

Declining Membership

Lack of Resources to continue the strategy that works

for the future of Business Swap

The Problem

for the future of Business Swap

The Problem

the current business model is unsustainable

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1.Recruiting new members to your organisation2.Retaining your members and building their loyalty

(more members leave an organisation within the first year of joining, than at any other time).

3.Renewing your members4.Revenue earning from your Members5.Building membership … and your member revenue

… when times are getting tougher and your budget has just been slashed.

There are hundreds of business organisations nationally and community based, including government organisations

offering business education and networking opportunities

Running a Not For Profit (NFP) organisation or community

group can be more demanding than most business operations.  Resources are usually stretched

and many people are often voluntary and part time. 

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Christine Parker

Lee Clark

Ann RolfeChair of the Board

Julian Campbell

David Tomlinson

David Caruso

Breakfast seminars, professional education groups and roundtables are attractive to our

target market

Breakfast seminars, professional education groups and roundtables are attractive to our

target market

Systems and procedures make the Business Swap concept replicable

Breakfast seminars, professional education groups and roundtables are attractive to our

target market

Systems and procedures make the Business Swap concept replicable

Training equips leadership teams to deliver the product

for the future of Business Swap

the current business model is unsustainable

The Problem

The Process1.Get clear about the problem2.Analyse the symptoms and causes3.Generate options4.Evaluate the alternatives5.Decide6.Legal advice on implementation

The Problem

Declining Membership

Lack of Resources to continue the strategy that works

Move to a professional model

The Solution

Modelled on the most successful business organisation in the world

Move to a professional model

The Solution

The SolutionThe Directors of Swap Australia Limited intend to sell the IP of Swap Australia to create a professional business model that will maintain the objectives and values of Swap Australia/Business

Swap.  The IP would include the membership (database), policies and procedures manuals, website, trademarks etc.

 

Should we be unable to find an acceptable buyer by 30/6/09 we will proceed to dissolve Swap Australia Ltd and assist the individual

clubs in setting up to operate independently.

Some Key Issues1.Individual Clubs•If we don’t sell, we would assist clubs to operate individually, though they would not be able to call themeselves “Swap”•Privacy Laws•If we do sell, permission needed from each member to hand over their details to the new owner•Money•The constitution is clear. Upon winding up, the assets of Swap Australia may only be transferred to another not-for-profit with similar objectives. •Our intention is to use any remaining funds to benefit our members in line with our purpose of education, motivation and experience

From a club perspective, nothing changes ...

it can only get better

The Way Forward

The Way Forward1.Board Meeting 18/10/08•Board discuss your feedback, timeframe for special general meeting. •Prepare Resolutions for Special General Meeting•Legal council to assist the board to draft resolutions for a member vote•Notice of Motions to Members 21 Days Prior to Special General Meeting•Information emailed to all members, proxies available for those who cannot attend•Special General Meeting •Members vote on resolutions

The Sale Process•Define what we have for sale•Call for Expressions of Interest•Negotiate terms with interested parties•Accept offer•Contract•Deposit•Settlement (aim 30 June 2009)•Spend surplus funds•Wind-up Swap Australia Pty Ltd•Close bank accounts after Convention October 2009

•The Facts•The Problem•Our Decision Making Process•The Solution•The Way Forward•Your Questions and Comments

Summary

Conclusion