Our Video Channel
The Jones Partners -…Jones Partners report into the impact of insolvencies in Australia was launched at a special function held at the…Jones Partners report into the impact of insolvencies in Australia was launched at a special function held at the Institute of chartered accountants on 29th July 2014
The function was attended by some 150 accountants, lawyers and bankers. The report is the first of its kind looking at the impact of insolvency administrations are on the Australian economy and the impact on the economy on various insolvency administrations.
In addition to the professional attendances there was great interest by the general media. The following day Michael Jones was interviewed on Sky Business News by Bridie Barry. The interview covered various issues raised in the report including the dominance of SMEs among insolvency numbers and the impact these corporate failures have on unemployment.
The interview also highlighted the fact that the Australian economy was covered currently moving into a very risk averse mode and although this was showing a temporary reduction in the personal insolvencies in the longer term this may have a negative effect particularly when consumer conservatism is combined with investor conservatism
Is Small Medium Enterprises…It is clear that SMEs are the back bone of the Australian economy and at a recent function launching the Jones Partners…It is clear that SMEs are the back bone of the Australian economy and at a recent function launching the Jones Partners Report into insolvency administrations in Australia Craig James, chief economist of the Commonwealth Bank said that 97% of Australian businesses employ less than 20 employees. It is therefore not surprising that over 80% of companies that fail are in this category. The businesses that dominate the corporate failure statistics roughly parallel the businesses in the SME sector and are very highly represented amongst construction, retail and professional services.
The effect of the environmental…Obviously the overall health of the Australian Economy is important and this was clearly demonstrated in the Jones…Obviously the overall health of the Australian Economy is important and this was clearly demonstrated in the Jones Partners Report on Insolvencies in the Australian Economy launched in July 2014. In that report it was clearly demonstrated that there is an inverse relationship between the level of GDP and the number of Insolvencies. This was more pronounced with respect to Company Liquidations, Voluntary Administrations and Receiverships than with Personal Bankruptcies.
Why is risk-taking and…Risk is essential to the business environment. Entrepreneurship relies on creativity and imagination but with every…Risk is essential to the business environment. Entrepreneurship relies on creativity and imagination but with every new endeavour comes risk. The usual paradigm is that there is a direct relationship between the level of risk and return or profit attributed to that activity.
How does the Asian Economic…Australia has just emerged from the largest resources boom in its history and this is largely as a result of the…Australia has just emerged from the largest resources boom in its history and this is largely as a result of the economic development of mainland China. Moreover the structural change seems to be permanent which means that Australia is in an excellent position for the foreseeable future.
Is Management the key…Although external factors do play a part in the success or failure of a business research shows that internal factors…Although external factors do play a part in the success or failure of a business research shows that internal factors such as the quality of management is far more important. Refer to the rest of the article
Rates of Currency Exchange…According to a recent report issued by the ASIC the main reason for Corporate insolvencies can be related to "bad…According to a recent report issued by the ASIC the main reason for Corporate insolvencies can be related to "bad strategic management" It may seem that exchange rate fluctuations are beyond the control of business managers and it is obvious that currency variations have a major contributor on Australian businesses.
If a business relies heavily on sales to overseas customers, a high Australian dollar will cause serious problems. On the other hand if the business purchasers goods and service from overseas a strong dollar will be a major advantage. In some cases a minor variation in exchange rate can be the difference between success and failure.
Level 13, 189 Kent Street, SYDNEY NSW 2000
P: 61 2 9251 5222
F: 61 2 9247 5911
Suite 301, Level 3 - 4 Columbia Court
Nexus Building, Norwest Business Park BAULKHAM HILLS NSW 2153
P: 61 2 9894 9966
South West Sydney
Studio 2, Shops 10-11
38 Exchange Parade
NARELLAN NSW 2567
P: 61 2 4647 7468