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Managing Your Business Through Tough Times 30 March 2012

Managing Your Business Through Tough Times 30 March 2012. Leon Loganathan Partner. Darwin Palmerston Casuarina Parap Alice Springs Gove. What’s the ‘goss’ around town? . Inpex is now confirmed; Everyone is starting to gear up; The property market is picking up strongly;

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Managing Your Business Through Tough Times 30 March 2012

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  1. Managing Your BusinessThrough Tough Times30 March 2012 Leon Loganathan Partner Darwin Palmerston Casuarina Parap Alice Springs Gove

  2. What’s the ‘goss’ around town? • Inpex is now confirmed; • Everyone is starting to gear up; • The property market is picking up strongly; • Units sales are improving; • Developers still having trouble getting finance; • Banks are making it tough for everyone; • Cashflow is still tight and debtors are still a problem.

  3. What does your business look like? • Are you diversified enough to see out the downturn? • Are you running a large overdraft? • Are you having trouble getting paid? • Are you involved in litigation? • Do you have a large workforce? Are you paying your staff and contractors on time?

  4. Managing your business • Stick to what you know: • Not the time to be betting the company • Take calculated risks • Get good professional advice • Develop strong relationships – particularly with your customers, creditors and service providers • Don’t stick your head in the sand – tackle problems head on and get good advice • Keep staff informed – they too have a stake in your business

  5. Thank You Darwin Palmerston Casuarina Parap Alice Springs Gove

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