Beacon Advisory

Inflation is still hot topic in the news ... ...but what does it mean for your business? ...And how ready are you for dealing with the unknown? @Tony Lane raises important questions like these in today's video #insolvency #restructuring #business #beaconadvisory

A robust organisational culture that aligns with a company's mission and vision is fundamental to business resilience. It encourages employee engagement, innovation, and adaptability in the face of change. Cultivating a culture where employees feel valued and integral to a shared mission can improve performance and retention. Sharing insights on effective communication, leadership development, and employee empowerment can help clients build a culture that supports resilience and growth. What are your thoughts on the impact of organisational culture on business resilience? Share your experiences, questions, or tips on fostering a positive and resilient culture in the comments below. #OrganisationalCulture, #EmployeeEngagement, #insolvency, #beaconadvisory, #CultureOfResilience

Are you taking out the trash in your business? In this video, by Tony Lane from Beacon Advisory, we'll explore the metaphor of taking out the trash to explain some of the most important aspects of running a business. Learn about what it means to be mindful of your customers, your competition, and yourself. #insolvency #restructuring #business #beaconadvisory

🔍 Why Banks Are More Than Just Lenders In today's dynamic business landscape, banks play a pivotal role that extends far beyond merely providing loans and taking deposits. At Beacon Advisory, we understand that a robust relationship with your bank can be a cornerstone of your business's longevity and success. 💼 Beyond Lending: Financial Guidance: Banks offer valuable real-time insights and advice to help you navigate financial challenges. Risk Management: They provide tools and resources to help you manage business risks effectively. Growth Support: Banks have dedicated teams to assist with business expansion plans and opportunities. Cash Flow Solutions: They can offer customized solutions to ensure your business maintains a healthy cash flow. Building a strong, collaborative relationship with your bank can provide a safety net and a springboard for growth. It’s about leveraging their expertise and resources to secure a brighter future for your business. At Beacon Advisory, we believe in empowering our clients with the knowledge and strategies they need to succeed. Let's explore how a proactive banking relationship can enhance your business resilience and longevity. 💡 Your Turn: How has your bank supported your business beyond loans? What advice would you give to fellow business owners about working with their banks? Share your experiences in the comments!👇 #BusinessStrategy #FinancialPlanning #Longevity #BeaconAdvisory #TonyLane #Banking

At Beacon Advisory, we understand that crises are an inevitable part of business. What truly matters is how you respond when the pressure is on. Our own Tony Lane CA RITF has just published an insightful article, "8 Tips for Leading Your Company Out of Crisis." Drawing on over 30 years of experience, Tony shares actionable strategies to help business leaders navigate through challenging times with confidence and clarity. Whether you're dealing with financial instability, operational challenges, or unexpected disruptions, these tips are designed to help you lead your company to safer shores. We invite you to read the article and share your thoughts. How do you approach crisis management in your business? https://lnkd.in/g3GABAZQ

Many business owners use their personal wealth as a foundation to support the finances of their businesses.  But it remains important that you protect your personal wealth as a business owner so that you have options.  In today's climate, where we're still eeing high interest rates and inflation, this has never been more important. Many directors under pressure to support an ailing business are tempted to use their personal equity to tip into their businesses. Before you do that, it's important to stop and think...and get some advice! If you don't, you could be putting your home and your family at risk. For more information on this topic, be sure to watch today's video from Beacon Advisory's own Tony Lane. #insolvency #restructuring #business #beaconadvisory

The quest for business success often requires sacrifices, but how much is too much when it comes to family time? It's a delicate balance, one that many entrepreneurs struggle to manage. Sacrificing family time can have long-term impacts on personal relationships and overall well-being. Unfortunately, we see the flow on effects of these sacrifices all the time. Business coaches, it's crucial to address this with your clients. Helping them find strategies that allow for both business growth and personal relationships is paramount to 'success'. What advice do you give to clients struggling with this balance? Share your insights or questions below. Remember, if the pressure of balancing business and personal life is leading to financial strain, Beacon Advisory can provide the support needed to navigate through these challenges. #WorkLifeBalance, #EntrepreneurLife, #insolvency, #beaconadvisory, #FamilyTime

Much media attention is paid to the business phenomenon described as "phoenixing". Illegal phoenixing of a business is a serious problem in Australia that has far-reaching consequences. The Australian Securities and Investments Commission (ASIC) is committed to combatting illegal phoenixing and educating the public about the warning signs of this kind of activity. If you suspect that someone is illegally phoenixing a business, report it to ASIC. You can also learn more about this issue by watching today's video by Tony Lane for more information. #insolvency #restructuring #business #beaconadvisory

The risks to directors of insolvent companies are numerous and varied. If a company is unable to pay its debts, it may be forced to close its doors, leaving its employees out of work and its shareholders without a return on their investment. While these outcomes are certainly less than desirable for all involved, they are not as bad as some of the personal risks that directors face, which include personal liability for company debts, possible criminal charges, and reputational personal financial damage that follows. To learn more about these risks and how to protect yourself as a director of an insolvent company, watch today's video by @Tony Lane #insolvency #restructuring #business #beaconadvisory

If you're concerned about your business becoming insolvent, it's important to know the warning signs. In this video Tony Lane talks about some of the most common signals that a company is in financial trouble. #insolvency #restructuring #business #beaconadvisory