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  • #975503
    Kaz54
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    Hi all, I am new here and amazed at the helpful people around the threads.
    My husband is 57 and lost his job in July, he is a trained bookkeeper and has worked for years doing payroll also. I have mostly worked in Libraries but not currently working.
    We are worried that he may not get a new job so have been thinking of buying a business such as a post office. We do not have any experience but are willing to learn and work hard. As my husband can do the bookwork required and Aus post will train us I am hoping someone out there can tell me of the pros and cons.

    #1074779
    B Cooper
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    • Total posts: 211
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    Hey Kaz54,

    Thanks for posting. You have definitely come to the right place for support and advice. However for specific advice and information on running a post office, it would probably be more effective to visit a post office and ask to speak with the owner (maybe you’d have to organise a time in advance).

    Chances are they’ll be more than happy to talk to you about their business (provided that you’re not becoming their competition) – so it’d be worth visiting/calling post offices that aren’t within the range of your proposed location.

    I’d contact and talk with as many as possible. Then if you build great relationships, they can also help you in the future if you need any suggestions or advice.

    Good luck! :)

    Brentis

    #1074780
    NickHumphries
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    Why not?

    You only live once! If you want to do something, go do it :)

    #1074781
    JaneB
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    There were some serious negative sides to buying and running a PO that were discussed in a forum on real estate some time ago. It’s the somersoft forum and you’ll need to do a search for the thread on it.

    Essential to success was a a good location with masses of traffic and a very experienced retailer running the show – you will notice this in any busy post office that it is extremely well organised and efficient. But sometimes the owners are personally there for 12 hours a day.

    For those who buy into second rate locations and don’t have the experience – it can blow out all of your finances.

    Be very very cautious and do extensive research.

    #1074782
    EmbalmSkincare
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    • Total posts: 459
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    Why not set up your own bookkeeping business? You could do it from home and you would hardly have any set up costs, depending if you already have a good computer and the software.
    Not sure where the difference between a tax accountant and a bookkeeper is but if there is, your husband could do the bookkeeping and you could do a course in tax accounting and offer both to your clients.

    What do you think about that?

    Do you really want to run a post office? Or is it just an idea about something you could do because it’s an option?
    It sounds like your heart isn’t behind this idea.

    Hope this helps! Please let us know about your decision!

    Good luck!
    Mel

    #1074783
    Kaz54
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    • Total posts: 3
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    Thank you everyone for your replies. Lots to think about here, loads of great ideas. We are going to do more research before making a decision but reading through many threads it seems that no matter what you do working for yourself is definately the way to go. :)

    #1074784
    Printerboy
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    Kaz54, post: 94216 wrote:
    Hi all, I am new here and amazed at the helpful people around the threads.
    My husband is 57 and lost his job in July, he is a trained bookkeeper and has worked for years doing payroll also. I have mostly worked in Libraries but not currently working.
    We are worried that he may not get a new job so have been thinking of buying a business such as a post office. We do not have any experience but are willing to learn and work hard. As my husband can do the bookwork required and Aus post will train us I am hoping someone out there can tell me of the pros and cons.

    Hey Kaz,

    To further the comment made by Brentis, why don’t you ask if you can work in their shop for free?

    Potential outcomes:

    • The owner might like your work and give you a job (even if its just for the short term)
    • You might discover; “Hey this is not for me”
    • You really enjoy your time and gain great insight into what is required for success

    I think all these outcomes are positive! Personally lessons learned here will make you money, even if it is in the form of not making a big mistake!

    #1074785
    AgentMail
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    • Total posts: 1,741
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    Hi Kaz,

    You will find this from your research anyway, but these days, a very small percentage of the profits actually comes from mail – Australia Post just don’t have the margins in a 60C letter to deliver it. As was mentioned above, the retail component needs to be a strong focus, and your value add products need to suit your local audience.

    Depending on how community oriented you are can also help, as the more mail that comes to you than another branch is more profit in your pocket. Give them a reason to come to you.

    Best of luck :)

    #1074786
    Kate_G
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    • Total posts: 5
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    Most likely this Post Office is a franchise business. Hopefully Australia Post has a process of reviewing your application and will guide you on your journey. In addition, you should include the following in your due diligence:

    • Review franchise information available from the ACCC
    • Complete pre-franchise education (free and online) via Griffith University
    • Obtain financial advice – this includes a business budget, personal budget etc. Even though you have financial expertise, you need a third party to help you take a look and consider all aspects. In due course you will also need legal advice.
    • Consider your suitability for a sales oriented business, and ability to deal with the issues related to running a business. It may be a help to read books from this series (I am a contributor).
    • Look at information from the Franchise Council of Australia
    • Read Franchising Magazine

    Even if this seems like a lot of work, it is very important to do proper due diligence. You should also consider other opportunities, in case there is a better fit for your personal needs. A specialist franchise broker can be a good place to start. Finn Franchise Brokers are one you might consider contacting.

    Good luck with your investigations.

    #1074787
    Kaz54
    Member
    • Total posts: 3
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    Thanks Kate G. There are some fantastic suggestions in your post, I have had a look at the link you gave me and I am going to follow through with the others.
    Many thanks to all for your suggestions, OH and I are in the process of trying to find a local accountant who has plenty of small business clients.
    Unfortunately we only have corporate post offices locally so can’t ask questions there but I do agree that foot traffic is vital and its the old real estate saying… location, location, location.
    We are also looking, because of our ages, at small rural communities as we would like to retire eventually in the country, so although income is important our lifestyle post retirement is a factor in our decision.
    Again, many thanks to all.

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