Mitch Moroney Show #6 - Dr Michael Schaper Part 2

In today’s episode, Mitch is joined by Dr. Michael Schaper. Michael has a doctorate in Small Business Management, has worked for the A.C.C.C, is currently CEO of the Canberra Chamber of Commerce, and is Chairman of the Black Economy Taskforce.

Michael joins Mitch today to discuss the purpose of the A.C.C.C, what falls under the jurisdiction of the Black Economy Taskforce, why it’s important for businesses to join a Chamber of Commerce, and the importance of cultural consideration when initiating trade.

Stay tuned to hear about:

• Michael’s experience investigating the black economy in Singapore
• How the A.C.C.C enforces safety regulations
• The impact of false advertising on consumers and businesses
• Preventing marketing cash grabs
• Enforcing and informing changes based on legislation
• Power imbalances in franchises
• The Black Economy Taskforce: Investigating the shadow economy
• What classifies as a shadow economy?
• Increasing reporting requirements for certain industries
• How departments collaborate to crackdown on illicit practices
• Measuring the scale of the shadow economy
• Cultural differences in attitudes to cashless economies
• The purpose and benefits of a Chamber of Commerce
• Why cultural knowledge is significant when implementing international trade
• Understanding foreign legal systems
• What the future holds for international trade

Mitch finishes the podcast by asking Michael a quick 5 questions:

1. What are the most important qualities in business?
2. What superpower would you have?
3. What advice would you give your younger self?
4. Who’s your favourite footie team?
5. What is your favourite book?