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MY PIECE OF THE PIE The story of the Porter Family Facilitated by Bruce Hatcher and Don Collins 4 September 2010 Graham, Christine, Heather, David and.

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Presentation on theme: "MY PIECE OF THE PIE The story of the Porter Family Facilitated by Bruce Hatcher and Don Collins 4 September 2010 Graham, Christine, Heather, David and."— Presentation transcript:

1 MY PIECE OF THE PIE The story of the Porter Family Facilitated by Bruce Hatcher and Don Collins 4 September 2010 Graham, Christine, Heather, David and Susan Porter

2 “I’LL BUY THAT PIE SHOP ONE DAY.....” GRAHAM PORTER

3 ENTREPRENEURIAL FOUNDER Initial investment $10,000 from two families to start the family business Bricks and mortar important for future business Plastics manufacturing partnership Success from the start Rapid growth Business partnership issues New direction / exit

4 NEW FAMILY BUSINESS VENTURE – FAMOUS YATALA PIES

5 PORTER’S 3 P’S Pies Plastics Property

6 SECOND GENERATION

7 RELOCATION OF THE PIE SHOP

8 FAMILY IN BUSINESS ‘Family business’ becomes ‘family in business’. Management of the family business (Graham & Christine) Day to day operations of running the Pie Shop (Susan & Heather) Design & construction of the new pie shop (David & Chris Gay)

9 NEW FAMILY ROLES All family members have an active role Rigorous and animated discussion around the kitchen table Realisation that decisions impact on each generation. Governance Robust family meetings Family retreat Rules for the family - Family constitution

10 FRASER ISLAND

11 “Too many fish. I can’t get off the island." David Porter

12 HOLIDAYS ARE HARD WORK Acquisitions and decisions made in family meetings Sailfish on Fraser -Eco Tourism -Hospitality Dayboro, Seven Mt Mee -Vertical integration

13 NEXT FAMILY BUSINESS VENTURE SAILFISH ON FRASER

14 ANOTHER FAMILY BUSINESS VENTURE MT. MEE

15 DAYBORO, SEVEN MT MEE 400 hectares 100 head of cattle Cutting out the middle man

16 SANTA GERTRUDIS

17 MT. MEE

18 NEXT GENERATION We see the family building on the already successful foundations and adhering to the family constitution and vision.

19 THE FUTURE

20 LESSONS LEARNED From the family’s perspective The advisers role Financial Family business adviser Transition relative to the next generation.


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