When Things Go Wrong…

There are some common signs which may indicate that a business is struggling financially. I’m sure we’ve all walked into a business where you’ve sensed that things may not be travelling well. Typical indicators for businesses in retail could be gaps in stock on shelves, old or damaged packaged stock still on display, dirty or damaged fitout, flooring or lighting, lack of customer traffic, skeleton staff rostered on duty, demotivated or disinterested looking employees, etc.

But how do you know when your own business is potentially in trouble? In so many business case studies, proprietors can be in denial of problems which are right under their noses, even if they believe they have things under control. The top 9 indicators of business distress are:


Should You Set Up a Self-Managed Super Fund?

If you’re thinking about setting up a self-managed super fund (SMSF), there are a lot of things you need to consider beforehand. This includes, but is not limited to, the costs of setting up and running an SMSF, being in charge and making the investment decisions yourself, complying with super and tax laws, and having the time and skills to run an SMSF.

Here’s a guide to help you decide if an SMSF is right for you: