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Repent now or, forever be doomed by insolvency, expert warns businesses

“You cannot run a business in these volatile conditions without keeping a close eye on all the potential risks that customers pose.” According to the latest figures from ASIC, there were 1,318 insolvency appointments in May 2012 – up 9% on May 2011 and closely following the April 2012 figures which in case you didn’t know, were the worst ever on record.

Ethical food advocates demand ACCC investigate Coles and Woolworths. Are farmers and families being...

Australian local food pioneers Food Connect and CERES Fair Food have joined with the National Farmers Federation to call on the ACCC to break up Australia's supermarket duopoly and ensure a more just, equitable and sustainable food future for Australian families.

Are you trading while insolvent? (Are Australia’s laws too rigid?)

If you are a director when your company is found to be trading while insolvent, then you face penalties of up to $220,000 and/or 5 years’ imprisonment! And that’s even if you didn’t know about it, because Australian law says that as a director, you should have known. Crikey! Fair suck of the sauce bottle! (And insert other intentionally overt Aussie slang tirade here.)

Who should be on your company’s board?

Reforming the board’s composition proved to be essential for the turnarounds at Credit Suisse and UBS. But in both cases it took a severe crisis to provoke the reform. Will other companies learn to reform their boards before they are hit by a crisis? Or will the old maxim continue to apply: no change without a crisis? Paul Strebel proposes five requirements to encourage healthy corporate governance.

Boost cashflow by reducing your cycle time

Many businesses fail despite having customers lined up around the block. The reason? They grow too fast. If you have a long cycle time between order and payment, chances are you’re used to cashflow crises. It’s time to reduce your cycle time.

Gallery Celebrates ‘Debt’

We simply love situations where business, art and culture collide.

Gallery Celebrates 'Debt'

We simply love situations where business, art and culture collide.

Make borrowing go the extra stretch

Sponsored column GUIDELINES TO SQUEEZE YOUR FINANCE COSTS While equity, loans from shareholders, bank overdrafts and bank loans are the staple for day to-day company...

Bankruptcy: The B Word

If there is one word that scares entrepreneurs and businesspeople alike, it's the "B" word - bankruptcy. For the individual concerned, it means the loss...

Ahoy! Finance for growth

For ambitious businesses seeking investment dollars for expansion, the high seas of capital raising are as turbulent as they are vast. With so many...

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