There can be benefits for everyone when a business owner takes a long-term strategic approach to business succession. To borrow from international business commentator Simon Sinek, being in business is an ‘infinite game’ where business longevity is key. This means that for any business activity – and this includes business succession – the further you…
Business succession can be a daunting proposition. Having worked so hard and for so long to build a successful mining and resources business, key exit considerations will help you transition from your business smoothly, in accordance with your wishes and in a manner that will set you up financially for the rest of your life.…
In this series of three articles, we explore key issues that business owners in mining and resources need to consider when they want out, and importantly, why they’ll need a professional advice team to handle what are typically highly complex and diverse issues across legal, tax, accounting and personal financial planning priorities.
The Australian Prudential Regulatory Authority (APRA) recently announced a range of measures to income protection that aims to sustain this important insurance. Here I summarise why these changes are SO important, and why high-income earners and self-employed business owners in mining and resources need to act NOW to benefit from favourable definitions that will soon be removed.
