What is your voucher code?
In Transit Media
This business is on the move
Nathan Sceberras is using digital advertising to transform buses in Melbourne’s eastern and south eastern suburbs.
In Transit Media (ITM) sells digital advertising inside public buses that allows ads to appear on a small screen as passengers pass the actual premises.
Nathan has taken the concept, which started overseas, to a new level using GPS technology. For example as a bus drives past a fast food chain, an advertisement may appear on the screen for it.
Thanks partly to advice from the Small Business Mentoring Service, Nathan hopes to consolidate and expand his innovative project.
Nathan started ITM in 2006. With a background in hardware integration and software development, his extensive research had identified a need for a business such as ITM.
He started working with a business partner, but now runs the business himself with the business partner as a director.
ITM’s customers are mainly small businesses with a focus on retail, councils, hospitality and education. “We mainly sell to local small business in the catchment area,” Nathan says.
The business has an edge on its larger competitors as Melbourne’s only in-transit advertising service that can match advertising to a specific location.
Nathan heard about SBMS while talking with local councils and thought its mentoring services sounded helpful. He was then matched with mentor Barbara Anne Merrigan.
“I was at a cross road point and needed direction on which way to develop the business,” he says. “I need a fresh insight in what we are doing.”
Barbara Anne is experienced in the health care and management industries, after working as a nurse and in a range of management positions. She is now Director Bass Care In Home Nursing and Support Services, and practises as a Clinical Hypnotherapist with Barbara Anne Merrigan Pty Ltd.
The SBMS is a non-government, non-profit organisation of volunteer expert mentors who give their time and experience to help small business. It is supported by Small Business Victoria, which refers clients to it.
In their first session under a business clinic program, Barbara helped provide clarity of future direction for ITM. Among other things, Barbara helped with:
- Time management
- Identifying and optimising resources
- Optimising current marketing resources – hence identifying and following up new clients
- Enhancing moral
- Increasing sales and therefore current employees wages and
- Supporting and encouraging further R&D to take the product to the next level.
Nathan says because he is a sole operator they focussed on time management to ensure that he didn’t spend too much time on unimportant components of the business.
“We discussed the best way moving forward with the business and how I can gain more time to develop the business further,” he says.
Barbara Anne and Nathan also evaluated the need to employ an external sales team to engage new clients to develop an ongoing revenue stream, reducing the financial stress of being a small operator. Their goal was to find ways to ensure longevity and maximum profitability.
Barbara Anne was impressed by Nathan’s product and its potential. She says he had a business plan but needed to consolidate.
“He was working in the business and not being able to get on top of the business,” she says. “All I did was try and clarify for him what his priorities were and how to move.”
Since seeing Barbara, ITM enquiries are up by 10 per cent, sales and new customers are up by 10-15 per cent and profits by 15 per cent.
As he works alone, Nathan says the mentoring has also helped improve his morale.
“With the discussion of the business direction we have been able to secure interest from an external party to be able to develop our product portfolio further,” he says.
Nathan was very happy with his mentoring but would also like to see more automation on the SBMS website to encourage return visits.
“Prior to the meeting an automated form should be completed that will give a lot more insight to the business that you are about to mentor on,” he says.
“Also I think that the goals that have been set by the mentor should be converted in to a dynamic check-list on your website so that the client and mentor can check back in with the progress.”
In Transit Media11-15 Hightech PlaceLilydale, Vic. 3140Tel. 9095 7295
Email: [email protected]
|Small Business Mentoring Service IncSuite 1, 12 Maroondah HwyRingwood VIC 3134 Contact: David GregoryChief Executive OfficerTel. 9879 4486 Fax. 9879 4486
Email: [email protected]
SBMS Mentor: Barbara Anne Merrigan
|The Small Business Mentoring Service (SBMS)Incorporated is a non-profit organisation Incorporated Association RegistrationNumber: A0032560Y|
To download a copy of this story, click here