STREAM STEAMS AHEAD

Written on the 18 August 2011

STREAM STEAMS AHEAD

A COMPANY that speeds up insurance claims and repairs for cyclone and flood-affected Queenslanders is on target to achieve record growth and annual revenue of $22 million this FY.

Stream Group recently completed insurance job 35,600 for the year ending June 30. Founder Don McKenzie attributes the company’s success to service.

“We’re fortunate that we get to help people in need and we get paid for it – insurance claims can be very stressful and we’ve had significant growth with staff numbers increasing from 122 to 145 since the beginning of the year,” he says.

“We had humble beginnings and started off in a little office next to a tattoo parlour in north Brisbane and at 5pm we had to lock everything up and wait for the burnouts to subside.

“In 2008, when we got our first job, we ended up doing 2000 jobs and this financial year just finished, we did 35,600 jobs.”

McKenzie recently scored a double whammy at the Telstra Business Awards after being crowned the state’s Business of the Year and picking up the Panasonic Australia Medium Business Award.
He was also crowned ‘Trailblazer of the Year’ in the 2010 Brisbane Young Entrepreneur Awards.

“We’re a people business and to succeed, we try and ensure that when our staff comes to work, that it’s not like work, it’s something new and we try and perpetuate that through the business. From here we’re looking at moving into a range of different areas,” says McKenzie.

Flash Fotos also won a category in the awards after almost shutting down two years ago. Director Melanie Schwartze was rewarded for her resilience after picking up the MYOB Small Business Award and Telstra Regional Business Award.

“Just two-and-a-half years ago we thought we’d have to close our doors, so I’m very proud that instead we quadrupled our turnover and it was during that time that I learned the most about business. As a single mum, it was never going to be easy, but I made a decision to succeed and we now deliver photography to regional areas all over Australia,” says Schwartze.

“The photography industry in itself had a downturn of 15 per cent in the last year, the majority of photographers don’t earn more than $32k per year. Last year, we had more than 250,000 customers and a turnover of close to $3 million.

“I believe we achieved a breakthrough when we stopped worrying about what our competitors did. We embraced our new motto, which was ‘amateurs compete, and professionals create’, it was then that we stopped blaming others for our failures and we took responsibility for everything we did - the good things and the bad things.”

Other winner were JADE Corporate & Community Development (Business Owner Micro-Business Award); Zehnder Gluten Free (AMP Innovation Award – see story page 30); Samies Girl Seafoods (Yellow Pages Social Responsibility Award); and VetShop Australia (The BlackBerry People’s Choice Award). 


Latest News

COCHLEAR R&D INVESTMENT DRIVES NEW PRODUCTS AND BOOSTS PROFIT AND REVENUE

COCHLEAR (ASX: COH) has boosted its 2017 full year net profit by 18 percent to $223.6 million and has forecast furthe...

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

TREASURY WINES UNCORKS SWEET $269M PROFIT DESPITE INVENTORY WOES

REVEALING the fruits of its past year of labour, Treasury Wine Estates (ASX: TWE) has posted a 55 per cent increas...

TATTS GROUP POSTS PROFIT AND REVENUE DROP ON FEWER JACKPOTS AND BAD WEATHER FOR RACING

TATTS Group (ASX: TTS) has posted a full year net profit loss of 5.7 percent and a revenue decline of 8.4 per cent as...

Related News

WESFARMERS BOOKS BUMPER PROFIT BUT SUPERMARKET WAR HITS COLES' BOTTOM LINE

SUPERMARKET giant Coles has posted its biggest slide in earnings since it was acquired by Wesfarmers (ASX: WES) 10 ye...

ANALYSTS PREDICT WHAT AUSSIE LIVING IS LIKELY TO BECOME IN THE NEXT CENTURY

AS THE Australian population continues to grow, analysts are predicting what the country is likely to look like wi...

SEVEN WEST REPORTS MASSIVE LOSS AND CUTS CEO TIM WORNER'S PAY PACKET BY $450K

SEVEN West Media (ASX: SWM) has posted a full-year loss of $744.3 million and cut CEO Tim Worner's pay packet by ...

HOW MAKING MISTAKES AND PASSION SCORED WEIGHT LOSS PARTNERS A DEAL WITH SHARK TANK'S JANINE ALLIS

THEY partnered up to provide a scientific and targeted approach to dieting, and Kate Save and Geoff Draper cut Sha...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter