Why a Family Business Needs Good Governance
Advivo Managing Partner, Leon Stephan, explains why all family businesses need good governance to thrive. It is common knowledge family business is the engine room of Australia, representing approximately 70% of all Australian businesses and employing approximately 50% of the workforce. One of the strengths of many small/family businesses is being nimble/agile and able to [...] Tips for Bringing New Investors Into the Family
What to Consider When Assessing What a Family Business Will Need to Grow and Succeed Changes in business dynamics are occurring rapidly, with businesses recognising and feeling the need to move fast to invest in technology or enter new regions and service lines. Family businesses are increasingly attracting investors’ interest because they make up a [...] Growing Your Business With Grants
Advivo Business Advisors and Accountants share insights on how grants can help your business, as well as how to find and apply for them. As a small business owner or start-up, it can be difficult at times to fund your operations. There are a number of different ways to achieve this – through equity from [...] How Capital Structuring Can Make or Break a Business
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Do I Need to Review My Business’s Capital Structuring?
Advivo Managing Partner, Leon Stephan, outlines what to keep in mind when deciding whether to review your current structure. Capital and debt structuring can be difficult concepts to comprehend as a business owner; it is a highly specialised area relying on many years of experience, training, and expertise gained over that time. Although you may [...] What is the Best Business Structure?
Advivo outlines how to determine the best structure for your business. We are often asked, “what is the best business structure?” The truth is, there is no one size that fits all and the real question should be “what is the best structure for my circumstances, objectives and financial position?” We choose different structures for [...] Does Your Business Need a Board?
Advivo Partner, Dale Edwards, breaks down the benefits of setting up an advisory board, especially for family businesses. Nowadays, businesses are increasingly seeking to expand their leadership team with an external board or advisory board to grow and protect their business. We are particularly seeing this with family businesses, who may seek advice from an [...] How Corporate Advisory Can Help Your Business Weather a Crisis
Advivo explains how corporate advisory can provide your business with a helping hand during difficult times. In today’s volatile economic environment, businesses of all sizes face challenges that can threaten their stability and growth. Whether it’s a sudden market downturn, unexpected financial difficulties, or internal management issues, these crises can significantly impact a company’s operations. [...] Why July is the Perfect Time to Invest in Professional Accounting Services
Advivo explains why you should consider investing in professional assistance to prepare your finances for the new financial year. As the financial year kicks off, July presents a unique opportunity to reevaluate and enhance your financial strategies. Investing in professional accounting services in Brisbane during this time can set the tone for a successful year [...] How to Accelerate Business Growth by Raising Capital from Investors
Leon Stephan, Advivo’s Managing Partner, outlines the essentials for raising capital from investors. Going on to a new financial year, we often think "What can we do differently to make things better?". When I ask business owners that question, a common response is “Well, if I had more capital I could do a lot more [...]