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 […]
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 […]
Farewell to the Cinema?
Overview- Cinema Industry You have to feel sorry for the cinema. Having survived the arrival of cable, VHS, DVD, digital piracy, and the streaming revolution, it could instead be a once-in-a-century pandemic that finally marks the end of the neighborhood multiplex. Yet far from being an unpredictable “black swan” event, the coronavirus has simply accelerated […]
Operational & financial transformation
Optimise the potential of your business A key indicator of a successful business is its ability to maintain a strong balance sheet and forward outlook despite the day to day fluctuations in short term profits – “maintaining the underlying value”. A turnaround that can focus on increasing underlying value over the long-term enables the true […]
Olvera’s 5 tips to building business resilience
How to build Resilience in Businesses? Building Resilience enables businesses to better deal with unexpected challenging situations. At Olvera, we are passionate about setting clients up to be the best they can be and making sure business challenges are no more than a bump in the road to success. So here are 5 things we tell […]
Take a positive approach to business restructure during COVID
A Practical Guide To Voluntary Administration Process For Creditors
Insolvency in Business The next two years will represent one of the most challenging times for Australian businesses. We need to consider a different approach to dealing with customer insolvency in a way that preserves or grows our own business. In short, it costs five times more to acquire a new customer than to retain […]
Voluntary Administration: 5 key ingredients for a successful business turnaround
What is Voluntary Administration? Voluntary Administration is simply a mechanism that gives directors and secured creditors a chance to save an insolvent company. If you want to rescue your business, then Voluntary Administration may be an appropriate option for you. While there are many turnaround options available, Voluntary Administration can be an effective tool to […]
4 ways empathy drives better outcomes in times of crisis
Empathy is the ability to understand and share the feelings that others are feeling. Many regard empathy as merely a soft emotion of feeling sorry for others BUT empathy can be a powerful tool in times of crisis. Here are 4 ways empathy can drive better outcomes in times of crisis: 1. Empathy makes for […]
