YOU’RE NOT ALLOWED TO ASK QUESTIONS.

It is not uncommon in larger organisations that when it comes time to replace a senior manager in a given role that the incoming incumbent proceeds to initially review the situation and then seeks to make changes to commonly achieve two things, firstly (theoretically) to make perceived improvements, and secondly to place their personal stamp … Continued

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HAVE WE LOST THE PLOT?

A headline in the AFR reads “CPA paid $600k for advice arm report” which leads into an article on the fact that CPA has paid one of the Big 4 accounting firms $600K to provide a report that proved that the financial advice arm should be closed. Considering firstly that there were a significant number … Continued

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AN INTERESTING VIEW

This week the AFR contained a story relating to independent reports and a comment by the Commonwealth Auditor-General that was made to a parliamentary Committee that “his organisation would rarely consider external advice purchased from consultants ‘independent’”.   I must say that in my experience within my own industry many of the situations where change has … Continued

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A SOLUTION FOR ME OR A SOLUTION FOR YOU?

In modern days where our entire lives are governed by multiple demands backed up by minimum standards, or more commonly, KPI’s those of us in professional service must continually consider the nature of the advice that is being given. Certainly from the perspective that it is technically correct and competent, that is a given, but … Continued

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THE STICK AND THE CARROT

Over the last week I received two emails, regrettably there were many, many more to also contend with, but these two were of particular interest comparatively. The first was from Peter Gosnell, journalist, who has his eye on the insolvency profession nationally, and publisher of Insolvency News Online.  The email contained an invite to read … Continued

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KNOW THE RULES, THE REAL RULES

Over the last ten years I, like many others of my insolvency brethren, have had meetings with various consultants who have had in tow a string of disgruntled Bankwest customers all of whom had felt the wrong end of the receiver’s stick.  There was much conversation and consternation about the rights and wrongs of the … Continued

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KPI’s; THEY CAN GET YOU IN THE END!

Speak to any business mentor, coach, or professional accountant and they will all tell you that one of the most critical aspects to business success is having KPI’s, viz. Key Performance Indicators; and I would emphatically say that they are, in essence, correct.  So what do I mean by “in essence”, well it’s like a … Continued

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THE REAL PRICE OF ADVICE

Over the past few years I have had a bit of an ‘on-again, off-again’ type of relationship with a particular Client (that’s at least the term we’ll use for now) who had once been able to build up quite a reasonable business.  Regrettably the business was ultimately severely dented by the GFC.  Certainly the GFC … Continued

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A REGRETTABLE NARROW FOCUS

There are very few, if any, businesses in Australia (or elsewhere I suspect) that can operate for any real length of time without obtaining any form of external advice.  The complexities of running a business in our regulatory environment are now such that anyone with a business of any real size will indeed fall foul … Continued

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‘Tis a puzzlement!

A little time ago I was appointed liquidator to a labour hire company, not one of the more recent style of phoenix operations, but one that was operating in the mining industry.  It was part of a group of companies that had essentially been convinced by the mines to acquire a lot of underground mining … Continued

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