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Feature Articles

 From 2012, we now list our articles in our Blog. Read the latest here

02/02/2009

Time For A Spring Clean For Your Business

When tough times hit it is the time to regroup and work with the positives, and there are more positives than just petrol prices! Now is the time to reassess or revamp. It’s a time for A SPRING CLEAN FOR YOUR BUSINESS! 

Dust off your debtors list, spend some time working out which should be relegated to the ‘round filing cabinet’ and which ones can be turned into cash. Being proactive with debtors can reap rewards.
If your debtors are no longer around your answer is simple, but, there may be those put in the too hard basket…. Investing in professionals to cash in your debtors may be one of the best investments you make in these challenging times.
Assess your staffing needs, retrench and introduce flexibility in your business. The timing is right and the legislation still gives employers a chance to restructure their workforce.
Determine who should be made redundant. Look at performance and expect nothing less than the standards you set. Challenge your staff to meet your goals.
Review your organisation’s human resources planning, look at forecasting for the future needs and skills. You may need professional help to guide you through the restructure and termination process.
Now is also a key time to focus on areas of your business that are thriving and move resources into those areas and away from less profitable areas of operation. Invest time in human development.
Perhaps now is the time to analyse your business to ensure its structure is the most tax effective and at the same time protect your personal assets. Review your terms and conditions of trade to ensure that you are paid at the end of the hard days work. Look at strategic acquisitions. Confider if now is the time to expand!
Ensure your business is slick and clean and sparkles during the tough times. Those business that sparkle will be noticed and kick the goals.
GOOD LUCK WITH CLEANING!

 

With over 10 years legal experience, Tiana Daly is a partner heading up the employment law team at Watkins Tapsell Solicitors and Barristers. Tiana is able to advise on the federal and state industrial systems constantly keeping up to date on daily changes within the industrial relations laws.

In addition Tiana deals with general commercial disputes, building and construction disputes, commercial litigation including building and construction and professional negligence. Tiana  also practices in  insurance and professional negligence litigation.

Tiana has represented clients in many Courts and Tribunals including resolving disputes through Mediation and other alternative dispute resolution methods instead of litigation.

 Important Note: These articles have been prepared for general circulation and are circulated for general informational purposes only; these articles should not be regarded as business or investment advice. The articles represent the views of the writers and are subject to change without notice. Additionally, while every care has been taken in the preparation of the articles no representation or warranty as to accuracy or completeness of any statement is given. An individual or organisation should, before any business or investment decision is made, consider the appropriateness of the information in this document, and seek professional advice, having regard to objectives, situation and needs. This document is solely for the use of the party to whom it is provided.

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