How do I write a business restructuring plan?

How do I write a business restructuring plan?

Writing a business plan when a business is in severe difficulties may seem like a luxury and an unaffordable waste of time, but it is an absolutely critical part of business restructuring. Plans help you stay organised and help you coordinate your efforts.  Developing...
COVID-19: Six ways to reshape your business

COVID-19: Six ways to reshape your business

It would be an understatement to say the world has changed due to the COVID-19 pandemic. But as often is the case, it is through adversity we see a person’s real character shine, and the same holds true for business owners. So as a business owner, how can you reshape...
COVID-19: NZ directors offered safe harbour protection

COVID-19: NZ directors offered safe harbour protection

It has been interesting being a New Zealander living in Australia during the COVID-19 pandemic. There have been comments, cartoons and discussions that Australia should become the West Island of New Zealand, or that Australians wish that Jacinda Ardern could become...
How do you avoid insolvency?

How do you avoid insolvency?

As we have seen in the last few weeks, the world is changing at light-speed. Before the world was struck by COVID-19, a large percentage (over 60%) of businesses failed and went into insolvency in the first three years.  I expect the same percentage will fail or go...
How the turnaround process works

How the turnaround process works

As a turnaround advisor , when I first meet a potential client, I feel like they think I have a big magic wand, and I’ll be able to come in, wave my wand, create an instantaneous miracle that will cost them a small fortune and then disappear, leaving them with a lot...