The current economic downturn presents a significant challenge
Maintaining cashflow is crucial for business survival
Detailed financial reports can signal potential business challenges
It can be hard to envision life beyond your business
Generating new business and retaining clients can be a time-consuming process.
Selling your business or taking on partners can be an onerous process
Business guidance and support
We provide you with the tools and support you need to make informed decisions, including:
- A comprehensive review of your business finances to ensure you have a clear understanding of your current position
- The creation of a plan that considers all of your options to manage short-term challenges and address liquidity and cashflow
- Assistance with organisational transformation to help you adapt to changing circumstances
- Help you develop an exit or equity sell down roadmap
- The development of a communication plan to keep your shareholders, employees, and customers informed every step of the way
- Legal advice for any aspects of business or business transition.
Seek advice early
Our team consists of qualified Business Consultants and Legal Specialists with vast experience in helping businesses navigate change, regardless of its form. Don’t hesitate to reach out to us for guidance.
John WulffPrincipal Business Advisory Consultant Read Bio
Principal Business Advisory Consultant
John Wulff is a Principal Business Advisory Consultant for the Business Solutions Hub. He is an experienced consultant with exposure to a multitude of industries over the past 34 years. John has a banking background of 22 years and 12 years as a management consultant.
John has a Masters Degree in Business Administration from Henley in the UK. He is passionate about making a difference in businesses and applies his experience and knowledge to assist them on their business journey wherever they may be.
Agnes ReedFinance Manager Read Bio
Agnes has over 25 years of experience in finance and commerce, both as a senior financial analyst in multinational companies and as a finance manager for local businesses. Agnes supported companies in industries such as information technology, consulting, and professional service. In her approach to work, Agnes pays great attention to details, is very meticulous, and takes pride in delivering outstanding service to her clients. She specialises in credit control, profit optimisation, and cashflow management in addition to mastering financial administration functions such as payroll, accounts payable and receivables, pricing, banking, and reconciling of ledger accounts. Agnes has a Bachelor of Science in Commerce with an Accounting Major.
Marie CocherilSenior Commercial Lawyer Read Bio
Senior Commercial Lawyer
Marie is a senior corporate and commercial lawyer. Marie has an LL.B (Hons) and an LL.M (Corporate & Commercial) and is also a graduate of the Australian Institute of Company Directors. Marie has strong leadership experience, having worked closely with CEOs, Boards, and stakeholders to provide legal & compliance advice, corporate governance, strategic development & mitigation of organisational risk advice.
She is a hands-on lawyer with experience in commercial contracts, intellectual property law, procurement, information technology, competition and consumer law, insurance, and privacy (including management of big data).
Saraswathy VaratharajulluPrincipal Lawyer Read Bio
Saraswathy Varatharajullu is the Principal Lawyer of Constructive Legal Solutions. Saraswathy has years of experience in employment law and industrial relations having previously worked at the Fair Work Commission, and Professionals Australia (Union) as a Lawyer and National Industrial Officer. She also has expertise in construction contracts and commercial contracts as well as debt recovery.
Saraswathy is dedicated to providing support and guidance to clients with a pragmatic and tailored approach in a wide variety of matters from contract reviews and employee management to termination matters such as unfair dismissals and Enterprise Agreement bargaining. Saraswathy is also a qualified mediator and sits on the Law Institute of Victoria’s Workplace Relations Committee.
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Frequently asked questions
Have questions? We are here to help.
You need a balanced view on what this impact can be like, with some aspects below:
- Return focus to the core parts of the business
- Adapting to changing market circumstances and landscape
- Shedding non performing parts of the business to another party for some consideration
- Create efficiencies in current operations
- Positive impact on financial position – cost reduction and return on investment
- Change to manage with staff and stakeholders
- Requires effort to realise the benefit of the changes
- May take longer to adapt
- Will need resilience to stay the path
- Legal considerations will need to be understood and stepped through
You always have to start with the end in mind and work backwards. Examples of the points to consider are as follows;
- When do I want to exit?
- How much do I want for my business?
- Do I want to exit totally or partially?
- Do I have family members I want to transition to?
- How do I maximise the value?
- What do I need to do to ready my business for sale/ transition?
There are many reasons why a business owner may want to exit their business. Some of the more common reasons are:
- It’s time to retire
- An offer for the business has been made that is hard to refuse
- The business is not making enough money to keep going
- The owner wants to cash in on the success of the business and use that money for other purposes
- It’s time to pass the business on to family members or key employees
- There have been changes in family circumstances, such as illness or marriage breakdown
- There are changes in the business owner’s circumstances, such as illness or old age
- The business is faced with increased competition and decide that continuing to operate the business is not worth the effort
- The return on investment is too low, so the owner wants to try something different
- The business is in financial distress, and it is time to get out to avoid liquidation
- The business has failed, and liquidation is the only option.
Regardless of your reasons, planning your exit to maximise your business’ value will probably be the most important decision made during your business’s lifecycle. You will undoubtedly improve the success of your exit strategy if you seek professional advice throughout the life of the business, not just at the time you want to exit.