Advivo discusses the benefits of consulting a business advisor for SMEs. Any small business owner is familiar with the need for delegation. When the workload gets too much to handle, they might increase office hours, or hire another employee. However, when financial troubles appear, many small business owners are reluctant to engage the services of…
Advivo’s Managing Partner, Leon Stephan, outlines what steps you need to follow once you’ve sold your business. A lot goes into selling your business, and rightly so. Of course, the biggest focus is on what needs to be done to get the sale across the line (and money in the bank), but it doesn’t stop…
Advivo Partner, Chris Morris, identifies common business inefficiencies that may be impacting your profitability, and what you can do to eliminate them. We’re passionate about helping our clients achieve their goals and a common goal we’re often faced with is helping clients to increase profitability in their businesses. There are many factors that can serve…
How to Ensure a Smooth Brand Transition for your Customer Base If you have decided to embark on a merger or acquire another business as part of your growth strategy, a major consideration will be how to handle the coming together of the two brands. A merger or acquisition can pose some major challenges, as they…
Culture, values, staffing… Many internal changes happen in the merger or acquisition of a business. But how do you ensure they change for the better? Advivo Partner, Dale Edwards explains. Congratulations – the deal is done! You have successfully acquired a new business to complement and/or grow your existing business. Or have you? To be…
Advivo Business Advisors and Accountants discuss how engaging with an accounting firm can help your small or medium business to succeed. Accounting is much more than lodging taxation returns and making life easier at tax time. True accounting provides vital information about your business regarding set-up and tax structuring, cost and earnings, profit and loss,…
2022-2023 Federal Budget Update Last night, Federal Treasurer Josh Frydenburg delivered the 2022-2023 budget. Amidst a mountain of government debt incurred over the past few years due to COVID, and in an environment of inflationary pressures, rising bond yields, wages pressure and interest rate pressure, it appears to be a financially responsible budget. It is…
Advivo Partner, Chris Morris, shares what key factors you should consider before buying a business There can be many reasons for people to buy a business and no matter what that reason, there are several key factors that should always be considered. Below are my Top 5 Tips for buying a business: 1. Understand…
Advivo’s Managing Partner, Leon Stephan, outlines what you need to do to prepare your business for sale A report by the global financial services firm, UBS, revealed that a staggering 41 per cent of business owners expect to leave their business in the next five years. Though a majority of exiting business owners plan to…
Advivo Partner, Dale Edwards, explains the areas where tax can occur during the sale of your business When people hear about the Small Business Capital Gains Tax Concessions, they often assume that when they sell their business that there will be no tax. Whilst in some instances that is the case, it is more usual…
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