Finding success amongst Covid-19
Impact of COVID-19 pandemic on businesses The COVID-19 pandemic continues to disrupt Australia’s business environment, with lockdowns and border restrictions affecting thousands of SMEs nationwide in 2021. While the unprecedented disruption is causing significant fallout for some businesses across the economy, it can also present opportunities for astute firms to reset and redirect and also […]
When should I consider voluntary administration over an informal restructure?
Voluntary Administration Process The Voluntary Administration process is set out in Part 5.3A of the Corporations Act and is a formal mechanism to allow for an insolvent company to be restructured to ensure its survivability, or if it is not possible for the company to continue to exist, this process would allow for a better […]
Celebrating International Women’s Day
Women’s International Day Theme This years international day theme is “Choose to Challenge”. This theme highlights the importance of challenging biases and inequality, as well as celebrating women’s achievements – something that we at Olly are very passionate about. In honour of international women’s day – or frankly, any time of the year – we […]
PFG and Olvera Capital create new eCommerce growth strategy for Mon Purse
The Chair and CEO Relationship
Benefits of CEO-Chair Relationship The CEO-Chair dynamic is one of the biggest challenges that a Board can face. When the dynamic works the company excels, when it fails the negative consequences for shareholders are substantial. In the best case, the CEO manages and the Chair oversees management. When the CEO-chair relationship is strong, the company […]
Olvera First simplifies restructuring processes for small businesses
When Board Confidentiality is Breached
Dealing with Directors This is one of the most difficult issues when dealing with directors, the task of managing board confidentiality, not just during their term but after they have left the Board. There is no good answer to this, while the Corporations Act makes the breach clear how it is enforced depends on how […]
6 things Small Business needs to know about Simplified Restructuring
So what are the 6 things Small Business needs to know about Simplified Restructuring? The best thing about small business restructuring is it gives you breathing space and gets creditors off your back for a short period of time to allow you to focus on coming up with a plan. You have 20 business days […]
The Restaurant Renaissance
Challenges in Hospitality Sector Even before the coronavirus, hospitality was a sector in crisis. Skyrocketing rents, fierce competition, and stagnant prices had reduced already tight margins to the barest of slivers; the average pre-pandemic profit margin for cafes and restaurants in Australia was 4.2%. Two decades ago it was 15%. Then the lockdowns came Then […]
Insolvency Law Reforms For Small Business
