Each year, the Australian Securities and Investment Commission (ASIC) publishes its insolvency report. For 2019-2020, the top cause of business failure was inadequate cash flow or high cash use in 51% of cases. 85% of failed companies had estimated assets of $100,000 or less, and 38% had estimated liabilities of $250,000 or less. The adage […]
Leaders and managers are some of the busiest people on the planet. Between managing teams, developing people, overseeing projects, holding meetings, and more—sometimes it can get overwhelming to keep track of your nonstop schedule. Fortunately, we live in a time when there seems to be an app for just about everything. And if you’re like […]
As a business owner or company finance manager, you have a lot of work to do. Keeping the company afloat, profitable, and thriving is on your to-do list every day, and without any proper direction, you might be heading backward. We all see far too many companies fold as a result of poor financial […]