Powerline - Spring 2017

Change, its impact and new roles at PT

Change is a given in this world, and we all have to learn to live in this new world of constant change.  In the coming months, you will see some slight changes in Power Tynan with Paul Hilton, our long time CEO, moving into the Chairman role at Power Tynan and myself taking on the CEO role.

I am truly blessed to have worked very closely with Paul for a number of years to learn from his amazing knowledge and skillsets, and even more blessed that he is only moving from one role to another in our firm.  It would leave a huge gap at Power Tynan if he wasn’t around with his abilities, personality, knowledge and experience, so with some great planning we have managed to have a well thought out plan for what our future will be and how to make it work for everyone involved.

Taking on the reins as CEO of the Power Tynan group is quite daunting, however we have had years of planning, including external coaches and consultants to work through the process with everyone at Power Tynan to ensure this transition happens seamlessly.  We have learnt from others in terms of what went well and what to look out for.  The planning that has gone into this has been enormous and I would personally like to thank everyone who has been a part of this journey, both for myself in transitioning into the role and Paul transitioning into the Chairman role.  I feel confident that this is a role I am ready for, which would not have been possible without all of the help and support I have received.

What I have learnt recently while transitioning into this new role is invaluable, and I would like to pass it on to you, as it can assist in a number of ways:

PLAN

We are now living in a fast paced, constantly changing economy that is no longer just black and white. You are not necessarily 100% right or wrong, competition and innovation are coming from places you may not have even looked at as a threat in the past.  If you don’t plan well or keep an eye on the business landscape we are living in, you may be surprised and not always pleasantly so! You need to plan to ensure your business is nimble enough to spot opportunities and grasp them as they are presented to you.

COMMUNICATE

Make sure you communicate with all relevant parties, clients/customers, investors, your team, and any stakeholder in your business - explain what the change will mean for them.

HELP

Don’t go it alone.  The world can seem a daunting place if you feel you are floating in the ocean and there is nobody around to help you.  Seek external consult, they can help you see your blindspots or offer a different perspective.  Any sort of transition or succession needs this outside voice - someone who understands your business and the dynamics of the people involved.

These new roles will take place from 1^st January 2018, and I look forward to working with many of you who already know me but also many of you who I am yet to meet.  I hope to get around and meet as many of you as I can, but please feel free to contact me - I’m always available for a catch up! 

At Power Tynan, we are no different to all other businesses - we continually evolve, and as part of this my role is changing come 1^st January 2018.

I will be stepping aside as CEO and will take up the position as Chairman of the Power Tynan Board. We have been operating as a corporate structure for many years and feel it is time to formally appoint a Chairman to Power Tynan.

This will allow Amanda Kenafake to take over as CEO and put her personal influence on the daily operations of Power Tynan. This decision and the planning has been ongoing for quite a while and we have decided the time is right.

Amanda has great passion for Power Tynan and will continue to grow the services and offerings for our valued clients. I wish her well in her new role.

What this will mean for me is not being involved in the day to day operations of Power Tynan, and my daily client engagement will scale back to a more strategic and special projects focus.

My equity will remain and I will be guiding Power Tynan from a different level, which will be a great challenge for me and one I am looking forward to.

I would like to thank every client of Power Tynan for their continued support and look forward to catching up when we cross paths in our offices.

Every year, 1 in 100 Australians are diagnosed with autism. This condition has life-long impacts, and unfortunately there is no cure.

As autism is so common, the AEIOU Foundation was established in 2005, aiming to provide life-changing early intervention for children with autism.

Being a not-for-profit organisation, the Foundation has the ongoing challenge of raising up to $10,000 per child per year in order to continue fostering bright futures for this generation of children, while also funding vital research.

To assist with this incredible cause, the Power Tynan Charitable Trust recently donated $1,500 to the AEIOU Bray Park Centre.

The Power Tynan team had the privilege of meeting 4 year old Flynn and his family. Flynn has progressed in leaps and bounds since attending the AEIOU Bray Park Centre this year, particularly in the areas of communication and social interaction.

To find out more about AEIOU, or to support this fantastic charity, please visit http://aeiou.org.au/support-aeiou

As mentioned in the Winter edition of Powerline, we are excited to announce the launch of our own fully licensed financial planning business, Magnify Wealth.

Magnify will be managed by Stan Moffatt, who has over 25 years’ experience in financial planning, accounting and strategic advice. Stan loves what he does and is passionate about the wellbeing of his clients, drawing on his knowledge and experience to provide advice that is easy to understand and establishes a clear path forward to secure your financial future.

At Magnify Wealth, we specialise in:

• Financial Advice
• Superannuation
• Investment Advice
• Wealth Creation Strategies
• Retirement Planning
• Wealth & Asset Protection
• Personal Risk Protection
• Self-Managed Superannuation Funds 

Call us today to find out how the Magnify team can help

(07) 4613 1643

While most of us have been told breakfast is the most important meal of the day, sadly there are many kids who go to school on an empty stomach, and of course we all know how that affects our concentration and performance!

To combat this, Stanthorpe State Primary School have implemented a breakfast program to feed those children who come to school without having eaten breakfast.

To support this fantastic initiative, the Power Tynan Charitable Trust recently donated $1,500 to the Stanthorpe State Primary School Breakfast Club, via Granite Belt Support Services.

“We are very grateful for this donation,” said school chaplain Marcel. “A simple meal, such as a piece of toast and a cup of hot milo, can go a long way in helping kids learn and get a good start to their day!”

Each quarter we interview one of our clients to get an insight into their business. This issue we spoke to Steve Kay from Powercat.

When did your business commence?

Powercat was started with a joint venture between Power Tynan and V C Catanzaro - thus POWERCAT - in 2005.

Powercat Realty was formalised in 2007, when I sold my equity in Power Tynan and focused solely on Powercat and property.

What does your business do?

Powercat are very niche commercial property developers and managers in South East Queensland, west to Charleville and north to Proserpine.

We handle site selection, project management, expansion of existing portfolio, syndication, information memorandum, capital raising (both equity and debt), financial management of syndicates, property management, facilities management, rent collection and lease management.

What makes your business successful?

Over many years we have established a reputation of delivering - we do what we say we are going to, building a high level of trust between those we work with, being the investor group, advisers  and consultants.

What has been your biggest achievement to date?

Being asked to do this article!

What is one piece of advice you would give to someone starting up a business?

Value your advisers and use them extensively - financial and legal.

It doesn't just happen - you must be passionate and devoted, and there will be times when it is tough, but you have to grind away.

How do you relax from the pressures of being in business?

Being with family and friends, golf, good food and wine… maybe all of these things combined!

The Power Tynan Charitable Trust was established in July 2010, with the aim of giving back and making positive contributions to the communities within which the firm operates.

A similar organisation is Make A Wish, a charity established to grant wishes to very sick children and teenagers to give them hope for the future, strength to face the challenges of their illness, and joy from their incredible wish experience.

To support this fantastic cause, the Power Tynan Charitable Trust recently presented $1,500 to Make A Wish Australia - Toowoomba volunteer branch.

Since this wonderful organisation was founded in 1985, it has granted over 8,000 wishes to children with life-threatening illnesses.

To find out more about Make A Wish, or to show your support for this amazing initiative, visit https://www.makeawish.org.au/

The Power Tynan Charitable Trust has donated over $163,000 since its inception in 2010, and is open to the firm's team members, clients and all members of the public to contribute funds.

To donate to the Power Tynan Charitable Trust, or to nominate a local charity to be considered as a beneficiary of the Trust, please visit http://www.powertynan.com.au/community/power-tynan-charitable-trust. 

Power Tynan would like to congratulate both Obadare Group and Hello Hearing on being named as finalists in the 2017 Toowoomba Chamber of Commerce Business Excellence Awards, with Hello Hearing taking out the win in the Health Division.

On Tuesday 1st August, members of the Power Tynan team were homeless for a night, joining community members on the streets to help raise awareness of homelessness in Toowoomba as well as much needed funding for the Basement Soup Kitchen.

The Basement Soup Kitchen is vital for those doing it tough in our community, as it is often the only meal that person will eat for the day and the only place where they are able to connect with others and feel accepted.

Sadly between 400-600 people are homeless in Toowoomba alone, with 1 in 200 people homeless Australia-wide.

Thanks to generous donations from our clients, friends, family members and business contacts, our team raised $3,930 (smashing our goal of $2,400), contributing to a total of $76,234 raised from the event.

Thank you once again for supporting this fantastic cause!

Toowoomba Hospice Hang Ya Boss Out to Dry

Our CEO Paul Hilton participated in the Toowoomba Hospice Hang Ya Boss Out to Dry event, raising almost $3,000 for this very deserving charity.

Paul spent time up in the air in both the cherry picker and the scissor lift, loving every minute of it!

Thank you to everyone who supported Paul in his fundraising efforts.

ALEAs

Congratulations to Ben Twidale and Jacob Oyat, who were both named as finalists in the 2017 Australian Leadership Excellence Awards, run by the Institute of Managers & Leaders.

Although they did not take home the win, both Ben and Jacob did a fantastic job of representing both themselves and Power Tynan, and should be very proud of what they have achieved.

Light the Night

Power Tynan team members took part in the Leukaemia Foundation’s annual Light the Night events held in both Stanthorpe and Toowoomba. These events bring communities together to provide hope, support and love to patients, their families and supporters.

USQ Student Representative of the Year

Congratulations to Jacob Oyat for being named the 2017 USQ Student Representative of the Year.

Jacob is an active member of the student body committing time to both the USQ and local communities, and recently represented USQ in Canberra at the National Student Leadership Forum.

 

Social Club

The PT Toowoomba crew had a great time at Tick Tock Escape Rooms for their Spring social club function. Split into three groups, each team was locked in a room filled with a series of challenges that must be solved to unlock the mystery of the room. The diversity of puzzles had to be completed with teamwork and cooperation in order to escape!

 

 

 

 

 

 

 

 

USQ Graduation

Congratulations to Zachary Bichel, who is our latest scholarship recipient to complete his degree via USQ.

 

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