Planning makes the first steps easier

Article Abstract:

A business plan is the first step a young person should take before establishing a business. A business plan should include a cashflow outline and a six-month outline of budget income and expenses and should be completed before approaching a bank for a loan. Banks are not the only source of money; companies that match investors with business needing backers are gaining in popularity.

Methods, Business planning, Business plans

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Family ties - business of succession

Article Abstract:

Family businesses in Australia are three times more valuable than companies listed on the Australian stock exchange and are responsible for employing more than 50% of the nation's workforce. A little more than half of the business owners are 10 years away from retiring, yet few have made plans for their estate.

Management, Australia, Economic aspects, Family-owned business enterprises, Family-owned businesses

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