GOD HELPS THOSE WHO HELP THEMSELVES

James Law’s - Etesian Group

You can find the Etesian Group at www.etesiangroup.com.au

Contact James Law on 0409 199 547

I can also be found on Twitter and Linkedin

Location – Perth Western Australia

Client base includes Western Australia, South Australia and Northern Territory.

CORPORATE INSOLVENCIES HIT RECORD HIGH!!!

(Michael Janda - ABC News (www.abc.net.au) Wednesday 20/02/2013)

An analysis of ASIC figures by insolvency firm Taylor Woodings show insolvencies hit a record high last year. In December alone 730 businesses appointed (or were forced to appoint) external administrators.

The total number of insolvencies for 2012 was 10,632, up 1.4% on 2011 and 12.7% higher than the GFC in 2009.

In spite of this many businesses (regardless of size) continue to imitate ostrich’s by burying their heads in the sand in the erroneous belief the problem will be gone when they look up again. It won’t be! As with all things in life problems must be confronted, not ignored.

Are you struggling with cash flow issues? Are you disappointed in your profitability? What are your management accounts telling you? Do you know? Have you expanded too quickly and now the alarm bells are ringing? What has become of your business strategy and budgets? Are you concerned but can’t put your finger on the reason why? Do you know what you should be making at current turnover levels? Is the advice you’re getting long on adjectives and short on technical advice?

NO amount of business coaching can overcome fundamental business issues and weaknesses. If you are losing money (or not making money) at current levels, increasing turnover will only exacerbate the problem. Traditional accountants only ensure historical compliance, they rarely assist businesses look forward helping them achieve future profits.

An ancient Greek phrase more commonly attributed to Benjamin Franklin says it all……”God helps those who help themselves”. If you don’t know, get someone who does. Do it now! Tomorrow may be too late!

Business turnarounds and performance optimisation are key specialties at the Etesian Group. Transform your business today using an outsourced or interim CFO from the Etesian Group.

Contact James Law on 0409 199 547 or at james.law@etesiangroup.com.au today to discuss how best a review might be implemented within your business.

Cheers

James Law

0409 199 547