Final Act: New laws cracking down on Illegal Phoenixing

What is it? Illegal phoenixing involves the transferring of an entity’s assets, thereby denying creditors’ access to those assets to meet unpaid debts.  This usually happens when company directors transfer the assets of an existing company to a new company without paying true or market value, leaving debts with the old company. The old company … Continued

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Five simple marketing and promotion tips for your business

In these difficult times, you may find your business slowing down and sales harder to come by. Given this trend, establishing and maintaining connections with existing and potential customers have become more important than ever. Here are some simple tips to help you step up your marketing game: 1. Strengthen your social media presence With … Continued

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How to generate more cash for your business

Having a healthy cash flow in business is incredibly important, especially for small to medium businesses or those family run. The Australian Securities and Investments Commission’s report into business failures found that 44 percent of failed businesses had inadequate cash flow or high cash use. The report, based on 8354 reports from external administrators, found small to medium-size insolvencies … Continued

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How to grow your network without networking events

  Networking can be a key way to keep your business growing. Regardless of your industry or business size, it is hard to ignore the benefits of forming professional networks for potential partnerships, expanding your client base, and scaling up. However, while we are all constantly reminded about the importance of networking, reaching out to … Continued

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Costly mistakes entrepreneurs make

Entrepreneurs are unique. They have brilliant business ideas, often with a natural ability to think outside the box and deliver products and services that reflect their creativity. Some of the best businesses in Australia have come from entrepreneur minds such as John Illhan (Crazy Johns), Dick Smith (Dick Smith electronics, Dick Smith Foods &Australian Geographic) … Continued

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