The trend for some years for many business owners was to rely on the eventual sale of their business to fund their retirement. It seems that in the effort of establishing and running a successful business, owners set aside any thought of retirement planning in the hope that economic conditions will be favourable when they […]
When someone decides to go into business for themselves, their first decision is whether to buy an existing business, or to start from scratch. Both approaches have different priorities. An existing business should have some type of structure because it is already trading, but the start-up usually is a one or two-person operation without structure […]
Running a small business has always been a challenge. Our current economic environment, even with interest rates at never-before seen lows, is stubbornly stuck in low growth mode and consumer confidence is flat. However, there are still many large and medium-sized businesses that are operating profitably in this environment. To do this requires a robust […]
Many Australians are hearing about the success of others who started their own SMSFs (self-managed superannuation funds) some time ago and are thinking about doing the same. They dwell on the benefits of taking control of their own retirement nest egg, but some of them gloss over the challenges involved, not only in getting the […]
Unless you are buying an existing business, chances are you are one of the many Australians who, every year, decide to start up a new business from scratch. Often in these situations, the dream has been bubbling along in someone’s mind while they are engaged in paid work for someone else. They may have seen […]