Business Advice for Practitioners in The Cosmetic Injection Industry
The cosmetic injection industry enjoyed a significant growth in 2020 and is a sector that has continued to thrive throughout the covid-19 pandemic despite many other industries struggling to make a profit. Botox and dermal fillers are leading the way in an ever-expanding cosmetic market, that defies the weaker economic conditions. We expect that whilst […]
The New “Simplified Liquidation Process” Introduced On 1st January 2021
A new Simplified Liquidation process was one of the key components of the Federal Governments recent changes made to Australia’s corporate insolvency framework. The changes were introduced on 1st January 2021, the Simplified Liquidation process aims to be a streamlined Creditors Voluntary Liquidation (“CVL”) for companies that are insolvent and have liabilities of less than […]
Three Measures to Consider During Times of Rapid Growth
In business, growth is often the goal. Generally, businesses experience slow growth in their formative years, allowing leaders to scale incrementally. But this is not always the case. Rapid growth can occur when a product or service hits the market and takes off unexpectedly. Business owners should consider this possibility in their business planning, to […]
Putting Your Business into Hibernation
Putting Your Business into Hibernation New Federal Government Business Support Measures The government has announced further business support measures in the form of a $1500/fortnight wage subsidy, with the aim of keeping people employed in their current roles. Much of the government’s focus on business support has been on helping businesses to survive a period […]
Present Owners Fare Better in Hospitality
For businesses that are struggling now, the prognosis is not great, and without significant change there is unlikely a panacea to the improvement of the business. It’s been no surprise that more active and present owners have been more willing and able to adapt, making for businesses that fair better through market changes or periods of decline.
The Importance of Communication in Restructure
Restructuring a business is generally a step towards the end of a period of uncertainty, creditors, stakeholders, staff and the owners are on tenterhooks, communication is generally stressed or non existent and it’s now necessary to re-engage. Often in the lead up to a restructure there has been a period of mixed communication, business owners accentuating the good often to the detriment of the bad.
Observations on Food Retail in Australia 2018/19
Our year in food retail has seen the widespread closure of outlets, rather than regeneration. It has been a tough year, with the dual influence of rising costs and external pressures. There has been an escalation in shutdowns as marginal operators have started closing the doors earlier and walking away from unrealistic leases.
Press in this area has been increasing and there has been a slew of prominent restaurants closing their doors.
Case Study: Misplaced Trust
Signs of a Struggling Business
A struggling business may show overt signs as the situation worsens and comes to an end, but often there are small signs long before this that can point to trouble on the horizon. An early warning sign for businesses is that there is a disconnection between operative cash flow and available resources. This can be draining or using cash resources or just making payments on time as cash comes in.
How to Approach a Commercial Lease
Signing a commercial lease is no trifling matter; it’s a legally-binding agreement with serious financial strings attached. A commercial lease is an agreement between the owner of a commercial property and someone who wants exclusive use of it for a set period. It normally applies to an office, warehouse or factory. The success or failure of […]