by admin | May 9, 2024 | Magazine
Every second day there is an article written about another corporate collapse in Australia, or the increase in the number of companies collapsing. However, the formal insolvency actions are almost always after a prolonged period of business distress, and then usually...
by admin | Oct 25, 2023 | Magazine
Mann Gulch, a remote and rugged area in the Montana wilderness, may seem like an unlikely place to draw lessons for business turnarounds. However, the tragic events that unfolded there in 1949 offer valuable insights into the challenges, strategies, and mindset...
by admin | Oct 25, 2023 | Magazine
The financial woes of the construction industry in Australia are getting a fair amount of media attention at the moment, especially in Melbourne where there have been several large volume building companies fall over and be placed into administration. There seems to...
by admin | Oct 25, 2023 | Magazine
One of the best bankruptcy quotes is from Ernest Hemingway’s book ‘The Sun Also Rises’. Mike is bankrupt and Bill asks him how he went bankrupt. Mike said, “Gradually and then suddenly”. He is absolutely correct – most businesses don’t go into insolvency overnight...
by admin | Mar 4, 2021 | Magazine
What is a business turnaround? A business turnaround is everyday management to rescue a declining company that has been performing badly for a long time and will fail without corrective action. A turnaround aims to stabilise the business and secure its future....
by admin | Feb 19, 2021 | Magazine
What does a business restructure mean? A corporate or business restructuring is the process of reorganising one or more aspects of a business to increase its efficiency and profitability. Restructuring is an umbrella term that encompasses four distinct groups of...
