{"id":32029,"date":"2023-10-20T14:26:46","date_gmt":"2023-10-20T14:26:46","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/13-management-resource-solutions-startupsmart\/"},"modified":"2023-10-20T14:26:46","modified_gmt":"2023-10-20T14:26:46","slug":"13-management-resource-solutions-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/13-management-resource-solutions-startupsmart\/","title":{"rendered":"13. Management Resource Solutions &#8211; StartupSmart"},"content":{"rendered":"<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"90\" height=\"110\" itemprop=\"image\" class=\"entry-thumb\" src=\"\/wp-content\/uploads\/2011\/03\/management-resource-solutions_jaqui-stewart.jpg\" alt=\"Daniela Athan, MRS\" title=\"Daniela Athan, MRS\"\/><\/div>\n<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-17161\" style=\"margin: 5px; float: right;\" src=\"\/wp-content\/uploads\/2011\/03\/management-resource-solutions_jaqui-stewart.jpg\" alt=\"Daniela Athan, MRS\" width=\"90\" height=\"110\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-17162\" style=\"margin: 5px; float: right;\" src=\"\/wp-content\/uploads\/2011\/03\/management-resource-solutions_paul-morffew.jpg\" alt=\"Paul Morffew, MRS\" width=\"90\" height=\"110\" \/>Founders:<\/strong> Paul Morffew and Daniela Athan<\/p>\n<p><strong>Revenue:<\/strong> $2.1 million<\/p>\n<p><strong>Started:<\/strong> 2007<\/p>\n<p><strong>Head Office:<\/strong> Queensland<\/p>\n<p><strong>Employees:<\/strong> 15<\/p>\n<p><strong>Industry:<\/strong> Trades &amp; services<\/p>\n<p><strong>Website:<\/strong> <a target=\"_blank\" title=\"Management Resource Solutions\" href=\"http:\/\/www.mrslimited.com\" rel=\"noopener noreferrer\">http:\/\/www.mrslimited.com<\/a><\/p>\n<p>\u00a0<\/p>\n<p>  <span id=\"more-2084\"><\/span> <\/p>\n<p>\u00a0<\/p>\n<p>While working on a large engineering project together, Paul Morffew and Daniela Athan realised that the way the project\u2019s team was put together was, in Morffew\u2019s words, \u201chaphazard\u201d.<\/p>\n<p>\u00a0<\/p>\n<p>Rather than require clients to pull together individuals from different firms, often with conflicting ideas on how the project should operate, Morffew and Athan\u2019s start-up MRS provides entire teams to quality manage the work.<\/p>\n<p>\u00a0<\/p>\n<p>Launched on the eve of the global financial downturn, with $300,000 fund raising via ASSOB, MRS had to overcome several hurdles. Most pressingly for a firm that employs contractors that command salaries north of $250,000, cashflow was a major problem.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cThere were about three months in 2008 where I didn\u2019t get a wage,\u201d says Morffew. \u201cAt one point I didn\u2019t think we\u2019d get out the other side, but we had a lot of work lined up.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>\u201cCashflow is still a big problem as we grow rapidly and put on two or three people a month. You need a lot of cash in the bank to pay these people, so you need to grow gradually.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>MRS\u2019 offering was one quickly taken up by clients, with strong processes, such as cloud-based access to systems, aiding its expansion. Morffew says that MRS has had to rapidly switch its thinking from start-up to fast-growth, established company.<\/p>\n<p>\u00a0<\/p>\n<p>\u201cIt\u2019s tricky because everyone still expects that I will come out and do every job, as if we\u2019re a one-person business,\u201d he explains. \u201cOne of our directors raised succession planning at the first company meeting and I was taken aback, but I realised that we need to be more than one person.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>\u201cIf I get hit by a bus, the business will continue. We want to get the right people in and get them trained up.\u201d<\/p>\n<p>\u00a0<\/p>\n<p>\u201cI\u2019ve always tinkered with small businesses and moving from a medium- to large-sized business is fairly easy, but it\u2019s hard growing a small business into a medium-sized one. We had to get out of the \u2018mum and dad store\u2019 mindset and think of ourselves as a large business.\u201d<\/p>\n<p>\u00a0<\/p>\n<p> MRS certainly has the reach of a large business \u2013 it is undertaking a major project in Qatar for the 2022 World Cup. Turnover is expected to top $10 million this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Founders: Paul Morffew and Daniela Athan Revenue: $2.1 million Started: 2007 Head Office: Queensland Employees: 15 Industry: Trades &amp; services<\/p>\n","protected":false},"author":2,"featured_media":62639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/32029"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=32029"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/32029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/62639"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=32029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=32029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=32029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}