Magazine

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 your business and emerge from […]

Magazine

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 the Australian Prime Minister (how quickly they forgot the 2018 dual citizen debacle!). There […]

Magazine

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 into insolvency in the next three months […]

Magazine

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 of turmoil. However, this […]

Magazine

Why Friends And Family Are Oil To Water For Small Business Owners

For most small business owners their business is a large part of their life. They may have given up a 40-hour-week job to work 80 hours a week on their business. As such, either the business owner wants to talk to family and friends about their business, and/or friends and family want to talk to […]

Magazine

Is a not-for-profit board role more difficult than a for-profit role?

For many aspiring to be a company director, time on a not-for-profit board is seen as a prerequisite. It’s almost as though time on a not-for-profit board is a form of apprenticeship for the company board role. Go on a not-for-profit board, learn how it operates, get some practical experience then apply for a company […]

Magazine

Every business is a family business

One of the nice things about working for yourself is the flexibility it gives you with regard to the hours you work. This reason alone is why lots of people head off and start their own business – me included. “I’ll be able to take the kids to basketball practice,” or “I can have the […]

Magazine

Attributes of a successful entrepreneur

Starting a business can be exciting and scary at the same time. When you hear stories about how many businesses go broke or how many relationships fail due to the pressures of starting a business, you can be forgiven for wondering why anyone would even contemplate it. Entrepreneurs start businesses for a variety of reasons. […]

10 REASONS TO CALL US:

  • Advice on restructuring your business
  • Choose between recovery or insolvency
  • Lack of understanding of financial information
  • Analysis of profit margins and costs
  • Poor debtor collection management practices
  • Poor inventory or creditor management
  • Business running out of cash but has fast growth
  • Learn and understand your cash flow position
  • Build a healthy and profitable business
  • You’re a worried director dealing with financial distress