Over the next decade, as the baby boomer bubble of small and medium sized business owners roll through the system, Australia will experience one the largest transfers of business wealth in its history. Succession planning is more important than ever. Not just because of the transfer of wealth, but because of the polarising impact of high supply and low demand on the saleable value of a business.
This article asks the important questions to start the succession planning process. It highlights the importance of having Professional Advisers during all stages – before, during, and after.
There is a saying, that relationships in life, and business, support and connect people, and allow them to grow all aspects of their lives, and that has never been more so, than with the former owners of the highly successful WA company Pumpnseal Australia.
Australia is facing a shortage of skilled labour. When the supply of staff dry up the focus often turns to retention. But the first step is to understand why people you want to stay, choose to move on?
Insight’s support for Amaroo stretches from tax advice, to business strategies, and managing the company’s payroll.
The Government has stepped in to prevent a wave of insolvencies when the COVID-19 support measures run their course in December 2020.