Author Archives: Noelene Lake

Is your Business Viable?

Viability is defined as the ability to survive. For a business, this is linked to financial performance and position. A business is viable when either: • It is returning a profit that is sufficient to provide a return to the business owner while also meeting its commitments to business creditors. • It has sufficient cash […]

Business Structures

The most common business structures are: Sole Trade, Partnership, Proprietary Limited Company, or Trust. There are advantages and disadvantages to each of these structures. To choose your business structure, consider your personal situation, the nature and objectives of your business venture and the costs and risks of operating under each structure. The choice of business […]