Kudos to Janine Allis for being outspoken on the impact the Federal Budget will have on business and aspiration.
Founders are calling it a tax on ambition. The rules changed after the risk was already taken. And the people this reform claims to help will be the ones paying for it.
Janine Allis built Boost Juice Bars from a single store into a global retail network, backed founders as an investor, and mentors the next generation through The Business Academy. Whilst she has no doubts as to whether having a go is worth it, she certainly has questions around the fairness of changing the rules, and the viability of pursuing business opportunities is Australia.
In this episode, Di and Janine Allis discuss the fallout from the Federal Budget - the CGT changes, negative gearing reforms, and whether the divide between a young founder and one with decades invested is about to get a lot wider.
The Budget didn’t kill ambition, but it made it a whole lot more expensive.
We explore:
• Why Janine calls these tax changes a tax on ambition, not a correction.
• What a Budget like this teaches an aspiring entrepreneur before they've even started.
• Why the 25-year-old founder and the 55-year-old founder are not taking the same hit.
• Why Australia's capital gains tax rate is now a signal to build elsewhere.
• Janine's advice for the next female founder considering the leap.
Key takeaways:
• The founders taking the biggest hit are the ones this reform claims to protect.
• Ambition survives bad policy. It just gets more expensive to hold onto.
• Having a go was always a risk. This Budget raised the price of taking it.
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Who is Janine Allis?
Janine Allis is one of Australia’s most distinguished entrepreneurs, and stands as a testament to what can be achieved with vision and determination. Her entrepreneurial journey began at the age of 32 from her kitchen bench, while juggling the responsibilities of three children, Janine has since cultivated a global empire rooted in her lived and learned experiences. With over 580 stores worldwide, her businesses serve as a model of global success and expansion and through The Business academy she mentors the next wave of entrepreneurs coming through.
Find Janine at:
Websites:
https://www.janineallis.com.au/business-academy/
https://thebusinessacademy.com.au/
LinkedIn https://www.linkedin.com/in/janineallis/
Instagram https://www.instagram.com/janine_allis
Connect with Di & engage with Power Of Women:
LinkedIn https://www.linkedin.com/in/di-gillett-power-of-women/
Instagram https://www.instagram.com/power_of_women_podcast/
Contact https://powerofwomen.com.au/contact/
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Credits:
Audio Editing + Sound Design: Daryl Missen – https://vinilo.com.au/
Executive Producer: George Donikian: https://www.donikianmedia.com.au/
Disclaimer: https://powerofwomen.com.au/podcast-disclaimer/
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