What Makes a Business Valuation Truly Reliable?
In Australia, recent reports indicate that up to 40% of small to medium enterprises (SMEs) may be incorrectly valued, leading to significant financial implications. In today’s rapidly evolving economic environment, accurate business valuations have become more crucial than ever. They not only help businesses unlock their true potential, but also strategically position them for opportunities […]
Debunking Insolvency Myths: Why It’s Not the End, But a New Opportunity
Insolvency is often misunderstood, leading many business owners to see it as the ultimate failure. However, a 2022 report by ASIC found that over 35% of Australian businesses entering voluntary administration successfully restructure, survive and return to profitability. Some of Australia’s largest corporations, including Virgin Australia, have faced insolvency, only to emerge stronger and more […]
Navigating Bankruptcy in Australia: What You Need to Know About Property Revesting
Bankruptcy is a legal process designed to serve a dual purpose. On the one hand, it provides relief to individuals who are unable to pay their debts. On the other hand, it creates a legal framework for creditors to recover debts owing to them by recalcitrant debtors. Key Provisions of the Bankruptcy Act 1996 Under […]
Securing Business Loans: Essential Strategies for Protecting Clients’ Investments
This is Part 2 of a 2-part series, exploring the importance of safeguarding your client’s investments by registering loans to provide the necessary protection and control, particularly during insolvency. In today’s unpredictable business environment, it’s more essential than ever to ensure your clients protect the personal investments they make or have made in their businesses. […]
Unravelling the Personal Property Securities Register (PPSR)
This is Part 1 of a 2-part series. When safeguarding security interests in personal property, the reality is that relying solely on a written agreement may not suffice. Registering on the Personal Property Securities Register (PPSR) ensures the necessary protection and transparency, minimising the risk of financial loss if the business you’re dealing with goes out […]
The Impact of Vape Bans on Business Owners in Australia
Effective 1 July 2024, the sale, supply, manufacture, importation, and commercial possession of non-therapeutic vapes in Australia is prohibited under the Therapeutic Goods and Other Legislation Amendment (Vaping Reforms) Bill 2024. Following a Senate meeting on 24 June, the Federal Senate voted in favour of this Bill, making the sale of all vaping products illegal […]
The Benefits of an Advisory Board
Succeeding in business isn’t merely about having a groundbreaking idea; it’s about cultivating a support system to fuel your journey along the way. Just as a car’s engine requires more than just power to operate smoothly, a business needs the collective wisdom and guidance of experienced professionals. This is where an Advisory Board becomes beneficial […]
Presumption of Insolvency – a warning for directors!
In 2023, media reports highlighted a significant surge in formal insolvency appointments, marking a sharp contrast from the COVID-19 pandemic days of 2020 to 2022. Voluntary administrations witnessed a notable 42% increase, while receiver and manager appointments skyrocketed by 56% compared to the preceding year. There were 10,366 corporate insolvencies in FY22/23, the highest level […]
Change Management: A Vital Strategy for Business Sustainability and Growth
In today’s dynamic business environment, change is both constant and inevitable. Organisations must adapt to survive and thrive, whether prompted by market shifts, technological advancements or internal restructuring. Effective change management is not only crucial for optimising business processes but also for ensuring the well-being and productivity of employees. When implemented correctly, it can be […]
Mastering Cash Flow: 10 Essential Tips for Business Survival
Cash flow is a frequently used term that plays a significant role in business success. It serves as the lifeblood that ensures operational efficiency. For business owners, understanding the drivers of cash flow and implementing effective management strategies are critical for ensuring the survival of any business. In essence, cash flow management revolves around […]
