Making Your Business Processes and Supply Chain Work Better
In today’s fast-paced business environment, it’s critical to get your act together when managing your business processes and supply chain. Effectively managing these two key components can make or break your company’s success. Let’s explore the reasons behind their importance and how they work together to keep your business thriving. Why Smooth Business Processes Matter […]
A Business Owner’s Guide to Budgeting & Forecasting
Running a business isn’t all glitz and glamour; it’s a rollercoaster ride of challenges and tough decisions. Effectively managing your finances is one of the most crucial factors that can either make or break your business. That’s where the significance of budgeting and forecasting comes into play. In this article, we’ll dive into why these […]
Demystifying 3-Way Cash Flow analysis
Cash flow analysis is a critical aspect of financial management for businesses, investors, and financial professionals. Understanding cash flow is crucial as it helps identify profitable aspects of your business, detect any inefficiencies, and understand when it might be the right time to expand or seek assistance. Whilst we may be familiar with the traditional […]
Discover positive outcomes with a Members’ Voluntary Liquidation.
The term “liquidation” is frequently associated with financial collapse, fraudulent activities or creditors losing out. As a result, the phrase often gets a very negative “feel”. However, amidst this negative perception, there exists one form of liquidation that offers a very positive outcome, and that is a solvent liquidation known as a Members’ Voluntary Liquidation […]
A caveat has been lodged on my property!
Discovering that a caveat has been lodged on the title of your property can be an unpleasant surprise. Whether you or someone you know has encountered this situation, it’s helpful to understand what this means and to be aware of the appropriate steps you can take to respond appropriately. What is a caveat? A caveat […]
Should I become a Director? Part 4 – A Guide for new directors – tips to prevent or reduce personal exposure.
It is widely recognised that directors hold a crucial position in any business, whether within an established company or if embarking on a new business venture. Consequently, it is essential for directors to possess a comprehensive understanding of their obligations and responsibilities. Director’s role In previous articles, we highlighted the complexity of the director’s role […]
Head in the Clouds – where are my books and records?
When most entrepreneurs dream about starting a business to achieve their goals and aspirations, they’re probably not dreaming about what books and records they will need to keep, and how to do that. Understanding director’s duties is probably also not top of their list either! That’s probably understandable – it’s not always the most exciting […]
Should I become a Director? Part 3 – A Guide for New Directors – Understanding the personal exposure
The decision to become a director, whether in a new business venture or an established company, is one that demands serious consideration. Individuals must understand whether becoming a director is the best approach to their business ventures and weigh-up the associated risks and benefits in order to make an informed decision. Recent legislative reforms have […]
What is the difference between liquidation and bankruptcy?
Liquidation and bankruptcy are related but distinct concepts. When a company or individual is confronted with financial troubles, there can sometimes be confusion about whether they need a liquidation or bankruptcy. Here’s a brief explanation of the different meanings and implications between the two: Liquidation Liquidation is a legal process in which a company’s legal […]
Should I become a director? Part 2 – A Guide for New Directors – know your duties and risks.
Part 2 of a 4-part series Directors play an essential role in well-functioning organisations. However, as discussed in our previous article, contemplating whether to become a director is a complex decision that requires careful consideration. This article explores the fundamental role and numerous duties and obligations that directors are entrusted with as part of their […]
