Restructuring is a formal process where your business – whether it’s the areas of operations, legal structure, debt, or some other aspect – is rearranged to make it more profitable or better able to achieve desired performance levels. Typically, businesses entering restructuring are those already experiencing some financial issues. In this case, a budget can [...]
Company directors in Australia have a statutory duty to prevent insolvent trading. With the introduction of Safe Harbour rules in 2017, the nature of this duty has been slightly changed. So, what are the Safe Harbour rules and how do they impact company directors? We explore this in detail below. Understanding the Safe Harbour law [...]
What a business owner can do if their business is struggling? Referring from an article from Grant Field for Smart Company Summarising this article, it is often easier to look back after a business has failed and identify why, than it is to save a business from failing in the first place. Business founders usually have not [...]
Woolworths is announcing a restructure to face Aldi Competition. It's time for this giant to become more competitive. Woolworths is cutting 500 jobs and closing 30 stores. The group is also looking to sell the struggling supermarket chain, EziBuy. The moves to make the supermarket chain more efficient will mean restructuring costs of $959 million. Woolworths [...]
