How to thrive in a tough industry 101

How to thrive in a tough industry

Estimated reading time: 0 minutes

Some businesses in Australia are more likely to struggle than others, not because of how they are run, but due to their industry. Here we offer some practical tips on how to nevertheless thrive in these sectors.

Business growing pains diagram

Client Journey: Business growing pains and how to get through them

Estimated reading time: 0 minutes

Most growing business will run into some challenges relating the growth. Here we take a deep dive into these business ‘growing pains’ and look at what small business owners can do to get through them.  In article: The challenge of…

Three factor budget - man sitting with papers flying around

Why a financially troubled business should create a three factor budget

Estimated reading time: 6 minutes

A major contributor to financial distress for small to medium-sized enterprises (SMEs) in Australia is poor budgeting. Here we look at a useful budgeting technique — the ‘three factor’ budget/forecast, and how this can be used by distressed businesses to turn things around and avoid insolvency.

Oppressed shareholder golden chains

Are you an oppressed shareholder? What the law can do to protect you

Estimated reading time: 6 minutes

Minority shareholders in Australia are generally beholden to the majority shareholders. However, in some cases, minority shareholders of private companies do have recourse available to them. In this blog article, we look at the ‘minority shareholder oppression remedy’ available in section 232 of the Corporations Act 2001 (Cth), and the orders available to the Court in enforcing that remedy.

Regular cashflow projections are important for business.

Regular cash flow projections and comparison to actuals

Estimated reading time: 7 minutes

Cashflow refers to the movement of money into and out of business, and it is one of the essential financial indicators for the business. This is why a proper financial record keeping is so important.