Basic Terms and Acronyms

There is a lot of terms we use in restructure here are some more than we use.

Understanding Depreciation

Understanding and effectively managing tax depreciation on equipment can lead to significant tax savings and improved cash flow for your business. It’s a complex area, requiring careful consideration of the methods and rules set by the ATO. Consulting with a professional tax agent or accountant can help ensure that your business maximises its depreciation claims while adhering to tax laws and regulations. This strategic approach to tax depreciation can significantly impact your business’s financial health and long-term success.

Making Rapid Change in Business

This article provides a guide for business owners on implementing rapid changes in their business as part of a turnaround strategy. It covers aspects such as assessing the situation, developing a turnaround plan, engaging the team, restructuring financially, refocusing on core business, implementing operational changes, boosting marketing and sales, monitoring progress, and seeking professional advice. These steps are crucial for a quick and effective business transformation in challenging times.

Communicating Trading Difficulties

Communicating with creditors when financial times get tough is an essential part of navigating through financial difficulties. By approaching these conversations with honesty, preparedness, and professionalism, you can work towards finding a mutually beneficial solution. Remember, creditors typically prefer to receive some form of repayment rather than none at all, so opening the lines of communication can lead to constructive outcomes for both parties.

What is your HR process?

A good HR strategy is dynamic and adaptable to changing business landscapes and workforce needs. It requires regular evaluation and modification to remain effective and relevant.

Tips for Attracting Staff

Attracting top talent requires a multifaceted approach that goes beyond just offering a competitive salary. By fostering a positive company culture, offering flexible working arrangements, investing in employee development, and leveraging social media, you can make your company an attractive place to work. Remember, attracting the right staff is not just about filling a vacancy; it’s about building a team that will drive your business forward.

HR Basics

HR is an element for business owners that is hard to master and often times got wrong. Understanding and managing your HR is critical for business success.

Focusing on Cash Flow

Cash flow management is not a one-time task but a vital ongoing process in the life of a business. By focusing on cash flow improvement, businesses can not only avoid financial pitfalls but also position themselves for growth and profitability. Whether you’re facing cash flow challenges or looking to proactively manage your financial health, the upcoming Cash Flow Improvement Session is an opportunity to gain valuable insights and tools to secure your business’s financial future.

Commercial Leases Basics

Commercial leases are agreements between a landlord (lessor) and a tenant (lessee) for the rental of commercial property, such as office spaces, retail stores, or industrial sites. Understanding the basics of commercial leases in Australia is crucial for both landlords and tenants to ensure their rights and responsibilities are clear

Time for a win in business

Achieving wins in your business, especially in a competitive and ever-evolving market, requires a strategic approach, resilience, and a continuous drive for improvement. As a business advisor, I’ve observed and guided many businesses towards achieving significant milestones. Here are key strategies that can help your business secure wins and maintain a trajectory of growth and […]