The National : THE NATIONAL Issue 3 2008
In L.A. they went on the biggest roller coaster ride you could imagine. From there it was on to Tokyo, where no visit is complete without an earth shattering event. Yes, they were woken with their beds rocking to a 5.8 earthquake! Phil added "My dad is my inspiration. He developed DOT four years ago on a trip to London and had a stroke. He has fought his way back to good health, determined to enjoy everything he can. "The message, clearly, is don't leave it toot late. Do what you want to do now, you will never be any younger." Insurance Couple of things to remark upon. Firstly, we have been servicing the Western Australian drycleaning industry for ten years. We have had a wonderful rate of success in providing a range of products that suit the industry, stable lower pric- ing, and we in turn have been for- tunate that WA claims have been a bare minimum. "Workers Compensation rates for Drycleaners have practically halved in Western Australia. Rates over the past several years have continued to drop: 2002 6.59% 2003 5.03% 2004 4.86% 2005 4.31% 2006 3.9% 2007 3.9% 2008 3.62% "This has not been good luck, but the result of a lot of work in the background and we are proud of this result. Renewal notices for insurance for the coming year had gone out, and it might be noted that there were no price increases, the case for the past three years. Darryl said drycleaners shouldn't think only in terms of their businesses, but also motor vehicles. Please give us a call. In closing he confirmed to PDA Inc WA members that their continued access to a state insurance scheme was assured. BAY FINANCIAL SERVICES, Phil Lamb Phil Lamb said members should know from the outset that he greatly admires Darryl's dad. "My own dad is 79 years old and its been a long time since the earth moved for him in bed!" Phil spoke of financing opportunities for drycleaners wanting to acquire vehicles, plant and equipment. There are many financing options available, including fixed rate leasing and Hire Purchase, with an option of deposit on equipment, or with no deposit required. The agreement can be structured with a residual or a balloon payout. "Not so flexible with lease -- "In practice, once you pay residual, that's it and finance companies are loath to take you to task. "In essence a lease agreement presumes you will never own the goods. With leasing you must have a residual.The ATO 26 THE AUSTRALIAN NATIONAL DRYCLEANER & LAUNDERER, MAY/JUNE/JULY 2008 Wall to wall drycleaners and allied traders, almost 60 in attendance.
THE NATIONAL Issue 2 2008
THE NATIONAL Issue 1 2009