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!