A growing number of Australia’s SME owners and leaders are aged 60+, and alarmingly 76% don’t have a formal succession plan or transition strategy in place to ensure business continuity. Given our ageing population, many economists and demographers predicted a mass sell-off of SMEs that would deflate prices in the second half of this decade.
Wh...
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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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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 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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