Your Business Angels -
The Elephant In The Room
Can the government patch everything?
It is important to understand that the stimulus package, that included JobKeeper and cash boost, was about saving jobs. It was not about saving your business. The billions of dollars that was poured into the economy was about saving jobs. It was not about saving your business. Over the coming months and years, we will […]
Is your company in need of debt reduction
What was your business like before Covid-19? Were you struggling anyway, with the various coloured letters coming from the Australian Taxation Office? Were you finding it hard to meet superannuation? Have loan repayments always been a problem? Let me ask you another question… If you were not carrying the debt that you are carrying now, […]
Rents and Running a Business
So before we get excited about pubs and bars and cafés opening again, and having a conversation about 4 m² and social distancing, maybe we should have a cold shower to bring down the excitement and talk about how a business possibly covers its rent – as legislation allows landlords to charge full rent again […]
Are you running a zombie company?
A zombie company has just enough money to continue operating and perhaps service debt but is unable to pay off debt. That means the business is just scraping by meeting overheads such as wages and rent and interest payments but has no excess capital or income to pay off old debt or invest in growth. […]
Are we just kicking the can down the road?
I’m always talking about watching your money. New real time data shows that spending is returning to normal, at just 3% below pre-crisis levels (May 22nd report). While this evidence confirms mortgage deferrals and other hardship measures are supporting spending, it also suggests that we may be simply kicking the can down the road until […]