In a follow up to an earlier 2020 report, Small Business and Mental Health: Supporting Small Business when they are Facing Challenges, The Treasury (of the Australian Government) published a report on 12 December 2022.
Headquartered in South Australia, we decided it was perfect timing for a soft launch event for our innovative new professional association. Were delighted that our event was fully sold out!
Leadership is widely acknowledged as the most important internal determinant of a firm’s performance.
This also holds true for Private Equity (PE), where the calibre of portfolio company leadership is cited as the number one reason for deal success1.
The CNC machine broke down and caused an impossible bottleneck that threatened the company’s survival. Customers were relying heavily on the timely delivery of supplies.
Australia’s Small Business and Family Enterprise Ombudsman, Kate Carnell, has your best interests in mind. If you’re currently feeling like your heart is heavy, that stress is turning your worry lines into permanent facial features, and you don’t know which way is up, this article is for you.
How do you strike the correct balance when looking at the interests of creditors and debtors in insolvent or potentially insolvent scenarios?
Sexual harassment can cost a business dearly in terms of lost productivity, staff turnover, recruitment costs, legal fees and court awarded damages. Two recent court cases have shown us that courts are now prepared to make increasingly large awards to compensate victims of sexual harassment.
Small businesses make up 98% of Australia’s economy. According to the World Bank in 2017, they represent about 90% of businesses and more than 50% of employment worldwide. Micro, small and family enterprises play an essential role in most countries around the world, especially in emerging markets.
Following ASBFEO PPSR research, The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell says it is essential for small business owners to secure their assets and business loans, with economists predicting a steep rise in insolvencies this year.
The Australian Government has announced the reforms introducing a new debt restructuring and simplified liquidation process for small businesses. These reforms are aimed at providing small businesses with the assistance to survive, or where a restructure is not possible, to maximise returns to creditors and employees by reducing the complexity, time and costs involved in liquidating a company.