As an Insolvency practitioner, I deal with many businesses which are suffering considerable financial stress and hardship. These can be caused by a range of factors, both internal and external to the organisation. However, in most cases, poor management is the key factor which will eventually cause a business to stumble.
Why is good management important?
If economic conditions are good, and customers keep coming in the door, then a business may get by with a poor manage...
Recently I accepted the task of investigating a significant Phoenix company operation and thought it worthwhile to warn my fellow colleagues to advise their clients to be on the look out for unscrupulous operators.
I highly recommend this excellent summary video from John Price at ASIC.
For more information on Phoenix companies click here.