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Build Grow Run

EFS Richmond / Tweed (Tweed Heads)

  • About Usentrepreneurship facilitators logo

July 7, 2020 · Newsletter

๐Ÿคš $3,000 up for grabs ๐Ÿคš be quick! Read on to find out how

BOOK IN NOW…NEW OFFICE!

We are back in person! This week from the 8th July, we are in HABITAT but in a dedicated NEW office space. This is to make our service COVID ready.

Find us at 32 Fullerton Lane – HABITAT, Byron Bay 2481. Right next to Subpod (go to our web site for directions, www.buildgrowrun.com.au/contact-us ).

In this issue:

  • Apply for a $3,000 grant 
  • Our coaching support snapshot
  • Sign up for THIS FRIDAY’S BOOK SLAM (10th July) Book – “Sell Like Crazy” and MAUS Business Planning webinars (29th July)

โ˜๏ธ Book your advice session โ˜๏ธ

Build Grow Run is a no-cost advice service. Offering:

  • Accountability
  • Support/sounding board
  • Feedback
  • Free training and advice

$3,000 GRANT ON OFFER

The new Small Business Recovery Grant for up to $3,000 is now open for applications to help you rebuild your business.

You can use it to cover:

  • marketing and advertising expenses
  • fit-out changes
  • staff training expenses to work in a COVID Safe way
  • digital solutions (for example, e-commerce or business websites).

Applications close 11:59pm Sunday 16 August 2020

Apply here


GUIDANCE, ADVICE, SUPPORT SNAPSHOT

Welcome to our new clients ……the โ‰‹ PANAMUNA PROJECTโ‰‹ Creators of eco-friendly surfwear, a writer developing a new series of writing courses delivered by journalists – The Word Gallery, a documentary filmmaker exploring the world of children with a documentary called On the Shoulder of Giants. A social impact documentary that explores practical solutions to concerns about young peoplesโ€™ wellbeing. They have also developed an app called i-value, aimed at developing a kind of ‘corporate scorecard’ for families. Using the power of creating and sharing values to enhance family and young peoples wellbeing and resilience.

Here is a snapshot of the range of the guidance, support and advice we have given;

๐ŸŒผ Decision making support for a client looking to relaunch into the retail space with a new unique line

๐Ÿ‘Ž๐Ÿผ Support for a client making a difficult decision on not stocking certain ranges and changing her focus

๐Ÿ™Œ Provided advice for a young guy wanting to develop his own menswear label

๐ŸŒผ Provided support and sounding board for an executive coach developing his practice in the Byron Shire

๐Ÿ‚ Business planning advice for a client in the farming space, thinking of recruiting a new office manager 

๐ŸŽง Phil also has one of our clients on his Byron Business, People & Lifestyle  ๐ŸŽง radio program coming up TODAY!!! ๐ŸŽž Oren Sielder is a brand story videographer whose experience is setting her on a new path to creating purpose-driven films for businesses.

โ˜๏ธ R E M E M B E R โ˜๏ธ

Our advice is confidential, actionable and geared towards making you succeed in your ambitions. We can help you with all kinds of answers to these types of questions:

  • I have an idea for a business, how do I know if it will work?
  • How do I understand my customer?
  • How do I prepare a business plan?
  • How do I market my business? 
  • How do I tell my story?
  • How can I finance my business?

โค๏ธ We love hearing things like this from our clients. Keep them coming! This from Wendy Champagne,

“I have to admit I feel as if I have a little engine fired up inside me at present – in relation to work – which in great part is due to your guidance and the sketches you made indicating the creative and financial pathways forward for my skillset.” โค๏ธ


SELL LIKE CRAZY – BOOK SLAM – BOOK NOW

I’ll explain the Godfather pic later below…

Yes, you guessed it, it’s time for Ellie to read a business book and save you the hard work. I extract all the good bits and tell you them, then you can use the advice in your business. ๐Ÿ‹ Easy Peasy lemon squeezy๐Ÿ‹. What Sell Like Crazy, author Sabri Suby gives in this book are suggestions that will help your potential customer have trust in you.

How to:

  • ๐Ÿ› Target potential customers who are not looking to buy right now as well
  • โ†ณ Fully understand potential customers reservations
  • ๐Ÿง  How to educate their fears and needs with this knowledge
  • โ™ฑ Give an offer that will challenge you to work your best (AKA “The Godfather offer”)
  • ๐ŸŒผ Call/Contact them and be like a doctor โ€” listen and then prescribe your solution/service

The book gives specifics on each of these stages; tips on where to get information and key steps to complete them. Fancy coming on board?

Come and join me 10 JULY at 11am for an hour on ZOOM

Book my spot …click here!


SAVE 50-90% OF YOUR TIME

Learn How to Use MAUS Masterplan in a Webinar

Wednesday, July 29 2020 – 10am to 12noon

BOOK NOW – CLICK HERE

Turn your vision into reality. Often, we have a series of โ€˜snapshot picturesโ€™ in our head of what our business will look like, however, to turn these โ€˜happy snapsโ€™ into reality we all need a planโ€ฆ

  • Identify your key product/s and or service/s
  • Identify your key competitors, and 
  • Identify your target market and audience/sโ€ฆand then
  • Develop a PLAN of ACTION

If you need to write a business plan, whether it be for gaining finance, complying with requirements, or to spend some time working on your business (rather than in it), this is the webinar for you.

MAUS MasterPlan LEAN will save you 50-90% of the time and give you the best chance of successfully creating a highly professional business or marketing plan tailored to your business. 

Phi Daly, from Build Grow Run, has been working with start-ups and experienced business owners for over 20 years, he will take you step by step through how to put a Business Plan in place.

The MAUS MasterPlan business planning software is more advanced than a set of templates that you modify. It is a premium technology platform that works in the background to automate and calculate as much as possible for you;

  • It has automated budget calculations, which is in turn placed throughout the document as financial graphs and tables.
  • Phil will expertly guide you through each step of the โ€œwrite your planโ€ process, which ultimately compiles into a complete plan with a click of a button. This plan can then be edited further in Microsoft Word.
  • Milestones can be flagged and added into a โ€˜milestone deadline projectโ€™ on the fly. Add your milestones as they pop into your head with a click of a button, so you donโ€™t forget anything important!

What this gives you, is a very insightful and impressive business plan and/or marketing plan, that will take LESS of your precious time to create. Even better, it will be a plan that has an accurate pathway forward to improving your business. MAUS MasterPlan is an award-winning business planning software, supported by Entrepreneurship Facilitators – Richmond Tweed Heads, www.buildgrowrun.com.au that has been mastered by over 20 years of ongoing development and is created by acclaimed author and winner of the 1999 Ernst & Young Entrepreneur of the Year award, Peter Hickey.

Check out NORTEC’s workshops here. Some have a minimal charge.

Check out Business Connect for workshops .

CORONAVIRUS BUSINESS SUPPORT โ€“ business.gov.au and โ˜Ž๏ธ 13 28 46 โ˜Ž๏ธ If your business has been affected by the coronavirus, AusIndustry have a team of dedicated customer representatives who can help on 13 28 46. The dedicated team will be available to assist you with extended hours between 7am – 9pm across Australia, Monday to Sunday.  Information about the support available to business can also be accessed at business.gov.au which is being continuously updated as new information becomes available.

Previous Post: « โšก๏ธ Don’t Miss Out….Book in now โšก๏ธ
Next Post: Create A Business Plan in Half the Time! »

buildgrowrun

โœจProviding no cost advice to new businesses
โœจFree action planning, access to workshops and more
โ˜๏ธStart and grow your business
๐Ÿ‘‰ Tag #buildgrowrun

Buildgrowrun | Phil & Ellie
A friendly reminder! Be a doer and not just a drea A friendly reminder! Be a doer and not just a dreamer! โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Type yes if you agree โฌ‡๏ธโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
#goaldigger #doittoday #goaldiggersโ €โ €โ €โ €โ €โ €โ €โ €โ €
#beallthatyoucanbe #slayyourgoals #nomoreexcuses
A global pandemic, our first recession in three de A global pandemic, our first recession in three decades and unprecedented upheaval. Obviously, the number of businesses going under skyrocketed, right? Wrong.

Massive economy-saving programs like the $90 billion JobKeeper wage subsidy and 'safe harbour' laws that protected businesses through the uncertainty of the pandemic meant the number of insolvencies fell almost in half.

But those programs, and protections, are over.
For many small businesses, tough decisions now need to be faced.

๐—ฅ๐—ฒ๐—ฑ ๐—ณ๐—น๐—ฎ๐—ด๐˜€ ๐˜๐—ผ ๐˜„๐—ฎ๐˜๐—ฐ๐—ต ๐—ณ๐—ผ๐—ฟ
According to Ms Farmer, there are several 'red flag' indicators that can tell business owners they need to seek help.

โ—พ๏ธFaltering cash flow:
"Does the company have sufficient cash to pay its debts as and when they fall due? That's the very definition of insolvency used in the Corporations Act."

โ—พ๏ธNot opening mail or answering the phone:
"They're not wanting to see letters of demand and statutory demands, so there's an element of mental depression about how to deal with matters."

โ—พ๏ธNo more credit:
"If the business is running at maximum overdraft and can't get any other finance, that's an indication."

๐—š๐—ฒ๐˜ ๐—ต๐—ฒ๐—น๐—ฝ ๐—ฒ๐—ฎ๐—ฟ๐—น๐˜†
"Almost always, small business seek advice too late," said Shabnam Amirbeaggi, managing partner of insolvency practice Crouch Amirbeaggi.

๐—ง๐—ผ๐˜‚๐—ด๐—ต ๐—”๐—ฝ๐—ฟ๐—ถ๐—น
There are more reasons April will be difficult for small to medium businesses (SMEs).

Many supports including state-based grants, payroll tax relief, rent deferral and Tax Office payment deferments have ended or been trimmed back.

๐˜š๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ: ๐˜ฉ๐˜ต๐˜ต๐˜ฑ๐˜ด://๐˜ธ๐˜ธ๐˜ธ.๐˜ข๐˜ฃ๐˜ค.๐˜ฏ๐˜ฆ๐˜ต.๐˜ข๐˜ถ/๐˜ฏ๐˜ฆ๐˜ธ๐˜ด/2021-04-09/๐˜ซ๐˜ฐ๐˜ฃ๐˜ฌ๐˜ฆ๐˜ฆ๐˜ฑ๐˜ฆ๐˜ณ-๐˜จ๐˜ฐ๐˜ฏ๐˜ฆ-๐˜ธ๐˜ฉ๐˜ข๐˜ต-๐˜ฏ๐˜ฐ๐˜ธ-๐˜ง๐˜ฐ๐˜ณ-๐˜ด๐˜ฎ๐˜ฆ๐˜ด-/100055776
๐˜‰๐˜บ ๐˜ฃ๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ณ๐˜ฆ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ฆ๐˜ณ ๐˜‹๐˜ข๐˜ฏ๐˜ช๐˜ฆ๐˜ญ ๐˜ก๐˜ช๐˜ง๐˜ง๐˜ฆ๐˜ณ
Don't know you're above the line from your below t Don't know you're above the line from your below the line?โ €โ €โ €โ €โ €โ €โ €โ €โ €
Have heard about marketing, know you need to understand it, but don't have a clue where to start? โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
Then our Marketing 101 Workshop is for you. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ช๐—ต๐—ฎ๐˜'๐˜€ ๐—ถ๐—ป๐—ฐ๐—น๐˜‚๐—ฑ๐—ฒ๐—ฑ?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ An overview of what marketing isโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ The fundamentals of marketingโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ Explanation of the marketing channels you can useโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ The 7 basic steps in a marketing strategy and tactical planโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ช๐—ต๐—ผ ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ฎ๐˜๐˜๐—ฒ๐—ป๐—ฑ?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ People with no or little understanding of marketing. This is aimed very much at the beginner.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ—พ๏ธ Gives an overview of what marketing is, the channels to use and the top tips per channel.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
Delivered by Ellie Corley, coach and business advisor at Build Grow Run. Ellie has over 20 years of experience running high profile global marketing campaigns for Virgin, where she was Global Communications Director for Richard Branson's private office, researching and launching his book 'Screw Business As Usual', all about business as a force for good. Ellie has also handled high campaigns aimed at creating behaviour change for the UK government on topics such as, reducing energy consumption and beating bullying in the workplace. She has also worked at a senior level managing the reputations of some of the world's biggest brands. Ask any burning questions you have about all things marketing in this 2-hour advice session.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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Reserve your slot and Register now!โ €โ €โ €โ €โ €โ €โ €โ €โ €
Email us: phil@buildgrowrun.com.auโ €โ €โ €โ €โ €โ €โ €โ €โ €
 ellie@buildgrowrun.com.auโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
Limited spaces and a free workbook for all attendees.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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#marketing101 #marketingideas #marketingplan #marketingstrategies #growyourbusinessโ €โ €โ €โ €โ €โ €โ €โ €โ €
#growbusinessonline
Continuing on from our last two posts, some more t Continuing on from our last two posts, some more tips from Kelly Crethar on Accounting Basics...โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
Youโ€™re in business if your activity, as a whole, is commercial with an aim to make a profit. Consider these key questions to determine if you run a business:โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs the activity you undertake for commercial reasons?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs your main intention, purpose or prospect to make a profit?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธDo you regularly undertake your activity?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธIs your activity planned, organised and carried out in a businesslike manner?โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
If you're running a ๐—•๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ the following key benefits will apply to you:โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou can apply for an ABN to use in your business transactions and register a .com.au website once you have an ABN. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou have access to government information, services and concessions for Business. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou can establish a business identity when selling to customers and other businesses. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธYou can claim tax deductions for business expenses against your taxable income. โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
.โ €โ €โ €โ €โ €โ €โ €โ €โ €
#smallbusinessadvice #smallbusinesscoach #smallbusinessaustralia #tweedheads #northernrivers
Continuing on from our last post, some more tips f Continuing on from our last post, some more tips from Kelly Crethar on Accounting Basics...โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
Cash is king: Cash flow management, budgeting and forecasting to keep your business running. โ €โ €โ €โ €โ €โ €โ €โ €โ €
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There are different types of invoice these will helps to protect your business's cash flow, maintain good records and meet your tax obligations. An invoice is a record of purchase that allows your customers to pay you for the goods or services that youโ€™ve provided. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ฅ๐—ฒ๐—ด๐˜‚๐—น๐—ฎ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ฒ๐˜€ - a business that is not registered for goods and services tax (GST), your invoices wonโ€™t include a tax component. They should not include the words 'tax invoice'.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ง๐—ฎ๐˜… ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ฒ๐˜€ - include the GST amount for each item along with some extra details. You need to provide a tax invoice if the purchase is taxable, the purchase is more than $82.50 (including GST), a customer asks for a tax invoice, and If your customer asks for a tax invoice and youโ€™re not registered for GST, show on your invoice that there is no GST. โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ €โ €โ €โ €โ €โ €โ €โ €โ €
๐—ฆ๐—ผ๐—บ๐—ฒ ๐˜๐—ถ๐—ฝ๐˜€ ๐˜๐—ผ ๐—ต๐—ฒ๐—น๐—ฝ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฟ๐—ฒ๐—ฝ๐—ฎ๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ ๐—ถ๐—ป๐˜ƒ๐—ผ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด:โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Using accounting software to help you manage invoicing and recording customer sales.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Set up a business bank accountโ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Get details from your customer such as their name, address, phone, email and ABN (needed for tax invoices).โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Choose your accepted payment methods and payment terms.โ €โ €โ €โ €โ €โ €โ €โ €โ €
โ–ช๏ธ Once a customer receives their goods or services, contact them to make sure there are no issues or defects. This will help you avoid disputes and delays in getting paid. Itโ€™s also good customer service.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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#accountingservices #byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #cashflow101 #cashflowmanagement
After our recent workshop with Kelly Crethar on Ac After our recent workshop with Kelly Crethar on Accounting Basics for Business we were inspired to share with you some tips that she gave us! We hope you find this useful! Drop your comments below if you do!โ €โ €โ €โ €โ €โ €โ €โ €โ €
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A hobby is a pastime or leisure activity conducted in your spare time for recreation or pleasure. And once your hobby becomes a business, you may need a to  Licences and Permits specific to your type of Business.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐—ฌ๐—ผ๐˜‚ ๐—ฐ๐—ฎ๐—ป ๐—บ๐—ฎ๐—ป๐—ฎ๐—ด๐—ฒ ๐˜†๐—ผ๐˜‚ ๐—ฝ๐—ฎ๐˜†๐—บ๐—ฒ๐—ป๐˜๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ผ๐—ฏ๐—ฏ๐˜†โ €โ €โ €โ €โ €โ €โ €โ €โ €
A business collects the seller's Australian business number (ABN) when it makes a purchase. If the seller can't provide an ABN, then a business must withhold the top rate of tax from the payment for any total more than $75 for tax purposes. If you're not in Business and don't have an ABN, you need to provide evidence that your activities are a hobby. If you don't provide evidence, the payer will withhold the top rate of tax from their payment to you. Provide a Statement by a supplier form to notify the payer that this payment contributes to your hobby.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐——๐—ถ๐—ฑ ๐˜†๐—ผ๐˜‚ ๐—ธ๐—ป๐—ผ๐˜„?โ €โ €โ €โ €โ €โ €โ €โ €โ €
You donโ€™t need to declare the income amounts you make from your hobby to the Australian Taxation Office (ATO). You canโ€™t claim any losses from your activity if itโ€™s a hobby.โ €โ €โ €โ €โ €โ €โ €โ €โ €
Income-earning hobbies can sometimes grow into businesses. Make sure you track any change in income or practices to ensure youโ€™re aware of your obligations before they happen.โ €โ €โ €โ €โ €โ €โ €โ €โ €
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๐˜š๐˜ฐ๐˜ถ๐˜ณ๐˜ค๐˜ฆ: ๐˜ˆ๐˜ค๐˜ค๐˜ฐ๐˜ถ๐˜ฏ๐˜ต๐˜ช๐˜ฏ๐˜จ ๐˜‰๐˜ข๐˜ด๐˜ช๐˜ค๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜‰๐˜ถ๐˜ด๐˜ช๐˜ฏ๐˜ฆ๐˜ด๐˜ด ๐˜ฃ๐˜บ ๐˜’๐˜ฆ๐˜ญ๐˜ญ๐˜บ ๐˜Š๐˜ณ๐˜ฆ๐˜ต๐˜ฉ๐˜ข๐˜ณโ €โ €โ €โ €โ €โ €โ €โ €โ €
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#byronbaybusiness #accountinglife #startupbusinessess #accountingtips #smallbiztips #northernriversbusiness #hobbyintobusiness

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