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My piece of the pie

My piece of the pie. The story of the Porter Family. Graham, Christine, Heather, David and Susan Porter. Facilitated by Bruce Hatcher and Don Collins. 4 September 2010. “I’ll buy that pie shop one day.....” Graham Porter. Entrepreneurial Founder.

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My piece of the pie

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  1. My piece of the pie The story of the Porter Family Graham, Christine, Heather, David and Susan Porter Facilitated by Bruce Hatcher and Don Collins 4 September 2010

  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 Hills @ Mt Mee • Vertical integration

  13. Next family business ventureSailfish on fraser

  14. another family business ventureMt. mee

  15. Dayboro, Seven Hills @ 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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