Selling a business is the culmination of years of hard work, and the focus is understandably on achieving the best possible price. Yet, what many small and medium-sized enterprise (SME)
To say we live in a different world at work than the workforce I joined in 1980 is a huge understatement. Many of the changes have been necessary and very welcome. Nevertheless, we are seeing significant and quite rapid increases in the administrative burden with increasing responsibility placed on business, which disproportionality burdens small business.
Every business owner eventually asks the big question: “What is my business actually worth?” Too often, the answer comes from gut feeling, emotional attachment, or what a friend sold their
As one of the last of the baby boomers, born in 1964, and now having been in business for 38 years (anniversary was 21st September), I was reflecting - an activity that seems to be increasing with age! My life expectancy in 1964 was 67.6. To prove the point when I was just 6 my grandfather on my Dad’s side, John McGrath, tragically died suddenly from a heart attack age 66, a few months after retiring!
Warren Buffett has been influencing the world of investing and business for decades. The annual Berkshire Hathaway letters have become an institution, solidifying Buffett’s status not just as a great investor but as a leading finance and investment writer. Nevertheless, even Buffett has to step aside eventually — and that moment comes at the end of this year, at the age of 95.
To say we live in a different world at work than the workforce I joined in 1980 is a huge understatement. Many of the changes have been necessary and very welcome. Nevertheless, we are seeing significant and quite rapid increases in the administrative burden with increasing responsibility placed on business, which disproportionality burdens small business.
As one of the last of the baby boomers, born in 1964, and now having been in business for 38 years (anniversary was 21st September), I was reflecting - an activity that seems to be increasing with age! My life expectancy in 1964 was 67.6. To prove the point when I was just 6 my grandfather on my Dad’s side, John McGrath, tragically died suddenly from a heart attack age 66, a few months after retiring!
Richer, Older and Lonelier: How we have changed – an article from the AFR shines a light on the changing attitudes and behaviours of many Australians.
A report out of Melbourne indicates that Australians are working well into their 60’s and delaying retirement. Michael Read in the AFR reported that “in 2003, almost 70 percent of men and close to half of all women aged 60-64 were retired. In 2023 these figures had fallen to 41 percent and 27 percent respectively.”
Sometimes the best business stories start with a simple "why not?"
That's exactly what happened when Luke Petherbridge, a Sydney-raised finance guy, got asked if he'd consider moving to Cleveland, Ohio. Fast-forward a few years, and he's now running Link Logistics - one of America's largest logistics operations with 1,100 staff, 3,500 buildings, and a staggering statistic: roughly 5% of US GDP flows through their facilities.
Australia is getting older! Next year 22% of Australians will be aged 65 or older. This is up from 16% in 2020, this was double the 8% in 1970s. The reasons for the spike are the spike in the birth rate after the war (the baby boomers), as well as falling birth rates, however, on a positive note Australians are living 30 years longer than they were a century ago!