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Having adaptable and flexible options for succession are critical. Melbourne Partner Dr Richard Shrapnel says that owners need to ask, “if I wasn't here, who would be interested in this business and does my business show these things?" Critical features include an independent team, good systems and processes, ownership of key product lines, and no dependency on a single agency. Read more here, and read about Pitcher Partners' Business Evolution here.
...named Hobson Bay Council’s Business of the Year for 2011. A second generation family owned and operated business, Able Industries Engineering started as a sheet metal fabrication business in 1975 and has evolved into a complete engineering solution, working on large-scale projects across a diverse range of sectors. You can find out more about Able here.
'Removing clutter from financial reporting would have no negative impact on its value, according to more than three-quarters (78%) of UK businesses. A Baker Tilly survey of 291 enterprises showed most are concerned with reducing the reporting burden all round, with almost 60% not in favour of auditors providing additional commentary on accounts...' Read the rest of the article here.
In the first major change in over 10 years, ASIC this week released new financial requirements for Responsible Entities of Managed Investment Schemes to be effective from November 2012.
Click here to read about the key changes.
The partners and staff at Pitcher Partners wish you and your family Season's Greetings and a safe and happy new year.
Business Evolution
Melbourne