Many businesses are facing increased costs. This is not necessarily a new business challenge… but the COVID-19 pandemic is driving significant and unpredictable “price spikes”. Let’s look at what business leaders should be thinking about in this environment.
Read MoreTopics: Business Planning, managing business risk covid-19, cashflow, businessresilience, business decision-making
Think back to November 2019. What predictions did you make for 2020? Few could have forecast what this year had in store.
Read MoreTopics: Business Improvement, Business Planning, business continuity planning, managing business risk covid-19
Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing,alternative cash-flow management strategies can make a positive difference. These ideas will not apply to ALL businesses but perhaps there are some you can implement.
Read MoreTopics: Business Improvement, business continuity planning, managing business risk covid-19, cashflow
Economies tend to face headwinds every ten years as the business cycle moves from periods of growth to contraction. While recessions are challenging for small and medium businesses across Australia, it doesn't mean there aren't significant opportunities to strengthen your business and come out of challenging times stronger and more profitable. In this article, we're sharing five ways you can recession proof your business.
Read MoreTopics: Wealth creation, Risk Management, managing business risk covid-19
Watching businesses deal with recent business conditions reveals that some are struggling for survival while others are ‘going gangbusters’. Businesses at both of these extremes share one priority… which is to carefully manage cash.
Read MoreTopics: business continuity planning, managing business risk covid-19