With any business, no matter what its size, potentially facing a reversal of fortune, innovative thinking can be as important to your companys survival as capital.
The business challenges of the past 12 months have brought into focus that any director or manager can be too close to their own business; so close in fact that they can lose perspective over time. It is understandable that people want to protect the business they have nurtured and built – so they may delay seeking the very assistance that can guide them through difficulty.
Tim Drury, Principal at Private Broker Business Advisory, explains in tough times, the ability for companies in financial crisis to restructure defensively and minimise loss is critical. Assessing your sit…
Read the full article at: https://www.ausleisure.com.au/news/business-restructuring-and-new-solutions-a-consideration-in-tough-times/