WHAT ARE SOME MATTERS TO BE CONSIDERED WHEN REVIEWING YOUR BUSINESS STATUS

Each one of these issues could be the subject of separate papers in and of themselves. But for now, we will consider summaries only:

1. free cash flows
2. tax position proactively [ income tax, GST and others]
3. relationships with partners, suppliers, employees, ATO, banks, advisors, community, government departments, creditors, debtors etc
4. demographics/markets/products
5. back office systems/ IT/ internet/software & hardware
6. culture 360 degrees
7. current strategies/ tactics
8. profit trends and ROI/dividends/drawings adequacy
9. working capital issues and Balance Sheet strength
10. competition
11. vision and moving goal posts
12. exit strategies
13. work/life balance
14. superannuation in the broad sense
15. capacity to change
16. endurance/adaptability/ life long learning
17. buy into the corporate vision
18. trends in GP, NOP, ROI, equity, staff turnover etc
19. marketing and product offering

This tends to be a process of discovery so more and more avenues will open up for discussion as the research takes place.