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What Should I Be Doing When My Business is Impacted by Crisis?
Manage episode 297970812 series 2817096
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A lot of these family businesses haven't properly recovered from the impact of the first round of COVID-19 lockdowns during 2020. What should you be focusing on as a business owner especially during a second and subsequent periods of COVID lockdown?
Bruce Gleeson shares with us what all business owners in crisis or financial difficulty should be doing. In fact, the strategy Bruce shares is recommended for all business owners.
Bruce actively encourages business owners and individuals to seek professional assistance at the earliest time when they may be facing insolvency or bankruptcy. This optimises the range of options available and can quite often enable an informal restructuring or turnaround solution.
Irrespective of the nature of the insolvency, restructuring or bankruptcy matter, Bruce believes that effective communication with all parties including business owners, employees, creditors and other stakeholders not only reduces anxiety levels for those concerned, but also enables financial hardship to be appropriately dealt with, as well as enhancing the possibility of recovery for creditors.
Bruce Gleeson is a Director and Owner in Jones Partners, a firm that provides tailored solutions to companies (particularly small to medium enterprises) and individuals in financial difficulty or that require restructuring assistance, exit planning advice or general strategic advice.
He has in excess of twenty (25) years in corporate insolvency, restructuring, exit planning and bankruptcy experience. Bruce has also held roles in commerce with several Top 100 Companies (James Hardie and AMP) to further add to his professional skills in areas such as compliance and project management.
Bruce is a Registered Liquidator, Registered Trustee in Bankruptcy and a Justice of the Peace (NSW).
https://www.jonespartners.net.au/
https://pretiumsolutions.com.au/
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