2016 is a big year for me and my family. Mitchell Wilson will celebrate its 25thAnniversary, my wife Leonie and I both turn 60 and we are looking forward to becoming grandparents for the first time. It definitely feels like we’re entering a new phase of life, like many of our clients who have been with us since we took over the business in Septe...
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When I talk to clients in their 50s and 60s, many of whom are heading towards retirement, the most common sentiments I hear are “I need to act quickly, but I’m not sure what to do” or “Everything’s changing so fast. I should wait until things settle down.” In reality, neither approach is ideal. Rash decisions in response to changing legislation ...
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It’s clear, Australia is part of a global economic transition where technological, social and political disruption are dramatically changing entire industries, products, services and jobs. For those considering their future career or graduating from university or with a few years of job experience, navigating the resulting challenges and opportu...
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Many of my clients are facing rapid change in their businesses due to the deflationary forces of globalisation, labour market challenges and technological change. It doesn’t help that consumers are demanding high quality products and services at ever lower prices and trying to meet that need is squeezing margins and slowing growth in many indust...
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We often hear the statement ‘small to medium businesses are the backbone of Australia’s economy’ and it’s equally true that backbone is at the forefront of our economic transformation today. Entire industries are being turned on their heads seemingly overnight. The way many businesses have operated for decades no longer cuts it in in the face of...
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Economic transformation had led to the highest youth unemployment (12%) and underemployment (16%) in decades. Previous downturns saw high unemployment across the board, while this time job prospects are good for experienced skilled workers and difficult for graduates looking for entry-level jobs that have been automated or off-shored. With littl...
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A series of changes to superannuation originally proposed in the Budget became law on 23rd November 2016; finally bringing some certainty to the outlook for professionals, business owners and retirees. The majority of the changes will come into effect in July 1 2017. This gives everyone a few months to consider the impact of the changes and how...
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The last Ford ute rolling off the production line in Victoria late last year was a sign of the times. It’s now commonplace for industries with long histories in Australia to transform before our eyes in the wake of globalisation and technological change. And it is Generation X – smack bang in the middle of their working lives – that will feel so...
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The end of the financial year is just as significant as the end of the calendar year for those of us in business. And just as each new calendar year brings opportunities for reflection and goal-setting, the new financial year is the perfect time to consider your business strategy and personal financial goals.
Read our tips for surviving and thr...
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