Mitch Moroney Show #6 - Dr Michael Schaper Part 3 Mitch Moroney Show Podcast

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:
What are the most important qualities in business?
What superpower would you have?
What advice would you give your younger self?
Who’s your favourite footie team?
What is your favourite book?