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  • 7 Jan 2015 1:17 PM | Deleted user

    As part of its service to the members, AIEA is launching a FREE Jobs Board to introduce AIEA members to companies in need of their expertise.

    The AIEA members are not just ordinary business people, they are seasoned executives who are prepared to deploy on an interim basis, be it a contract, a consultancy, FIFO or a high-level, part-time role. This includes Board positions. Whilst all are structured for interim work, 58% of the members have stated that they are prepared to accept a permanent role that appeals to them.

    The vacancy advertising service is free to use: AIEA does not charge the advertiser a fee and there are no contracts to sign.

    Recruiters, HR Managers and SME owners are invited to submit their vacancies to the AIEA Jobs Board for circulation to the members.

    For more information contact Mal Walker at mal@aiea.org.au


  • 5 Jan 2015 1:18 PM | Deleted user

    2014 was a year with lots of talk and not much action. As Joe Aston from Financial Review mentions in his yearly wrap up, it only gets more difficult to sum up the defining qualities of a calendar year, the longer you try to do it, as they start to resemble each other. However, in the ‘action’ category, this year like many others has involved movement at the top of many iconic Australian businesses, there was the slow movement of Channel 10 to market, and the current federal governments messy sell job of the budget was also in the headlines for a majority of the year.

    Quarter 4 was the beginning of the oil and iron ore price fall affecting a number of Australian and international energy businesses. It wasn't all doom and gloom for the Australian economy though with Australian investment bankers having their best year in quite a while.

    Joe Aston from the Financial Review has put together his annual year in review article and as always his overview of the year that was is educational as well as entertaining. His full article can be found below and is definitely worth a read.

     

    AFR - Joe Aston - Rear Window - Poking through the embers


  • 31 Dec 2014 1:19 PM | Deleted user

    During your working life, you focus on saving and building wealth. But too many people forget that it's just as important to plan for the transfer of your wealth once you've gone. Current statistics show that 60% of Australians do not have a valid Last Will and Testament in place, and have not planned for unforeseen events that could affect their ability to manage their affairs.

    What is estate planning?

    Estate planning is about peace of mind. Estate planning is all about putting the right structures in place to make sure your assets are distributed the way you want and in an effective way. Estate planning also includes documents that govern how you will be cared for, medically and financially, if you become unable to make your own decisions in the future.

    Why is an estate plan important?

    An estate plan involves much more than just having a Will in place. Although it’s important to have a valid Will, an estate plan covers many other aspects relating to the transfer of your wealth after you pass away. Family trusts, powers of attorney and the tax implications for beneficiaries can all be managed with an estate plan.
    Also, with blended families becoming more common in recent times, estate planning has become more important for those with complex family structures.

    What are the benefits of having an estate plan?

    By having an estate plan in place, you will help your beneficiaries avoid difficulties and disagreements because you can:

    • stipulate the amount of ownership and control each of your beneficiaries has over your assets
    • reduce the tax payable on the income and capital gains earned on assets
    • ensure your assets are protected if the beneficiary is involved in any legal difficulties such as divorce or bankruptcy, and
    • determine who can make financial, legal and medical decisions for you if you lose the capacity or become unable to make your own decisions.

    Developing an estate plan

    There are a number of things to consider when planning for the distribution of your estate once you’ve passed.
    The first step is to make sure you have a valid Will. But a Will is just the beginning. An estate plan allows you to put plans in place for once you’ve gone, but also for while you’re aging.
    Ask yourself the following questions:
    Who’s in charge? Who can manage your affairs for you if you become injured or sick and no longer able to manage your finances or make decisions about your medical and lifestyle conditions?
    Who gets what? Who will inherit which assets and in what proportions after you pass away?
    How much debt? In the event of your death, do you have enough to provide for your family and pay off debts?

    A good estate plan should minimise the tax paid by your heirs, and help avoid any family squabbles. Documents included should cover:

    • Will
    • Enduring Power of Attorney
    • Testamentary Trust (Family Protection Trust)
    • Advance Health Directive (also known as a Living Will)
    • Executor assistance

    Steve Garden is a Law Clerk for Australian Probate Lawyers and can be contacted as follows:

    Phone: 0438 328 619

    Email: steve.garden@australianprobatelawyers.com.au

    Web: http://australianprobatelawyers.com.au/Steve-Garden/

     


  • 27 Nov 2014 1:20 PM | Deleted user

    A trap many entrepreneurs and small to medium family businesses fall into is the lack of outside or objective advice and trying to do everything themselves. Nobody is an expert on everything and everyone will benefit from sharing ideas, thoughts and processes that may help the business. This is why an advisory board can be so beneficial to the success of these small businesses. They will be able to assist and guide the business owner through any business issues that arise as well as provide support in identifying new business opportunities and threats.

    Identifying potential advisory board members can be challenging for business owners who don't have a wide network of peers available to them. There are however a number of organisations out there that will be able to assist you find the right person for these positions. AIEA is one such organisation and those interested in additional information on how we can assist you in your search for advisory board members should contact Mal Walker at mal@aiea.org.au

    BRW have posted an article outlining the benefits of an advisory board for entrepreneurs and small businesses as well as the areas of the business they may be able to provide insight into. The full article can be found below.

    BRW - Why every entrepreneur needs an advisory board: leadership expert Steven Bowman


  • 27 Nov 2014 1:20 PM | Deleted user

    Years of work across multiple Australian governments has gone into the recently signed Australia-China Free Trade Agreement. After a slow start, the final agreement came down to the wire, and was signed by the Chinese government at 5 minutes to midnight before the deadline. Many Australians don't know what it will mean to them, who will ultimately benefit from this agreement or which industries will be better off.

    The Age has done the leg work and highlighted which industries will benefit the most from this new agreement. The full article can be found below.

    The Age - Who wins in Australia-China free trade agreement?


  • 26 Nov 2014 1:26 PM | Deleted user

    There have always been brands that are highly recognisable (whether you love them or hate them). For the last few decades, Microsoft and its products are unquestionably in that category. Most of the planet will have used a Microsoft product like Office or Windows at some time in their lives. Windows was a pioneer in the operating system space and was created 30 years ago by Bill Gates, a university drop out like so many entrepreneurs to follow. 

    30 years later, Windows is still the most widely used operating system throughout the world. There have been a number of iterations over the years starting with Windows 1.0 and culminating with Windows 10 to be released in 2015. Their naming structure hasn't always made the most sense however there must be a reason as to why Windows has dominated the market for so long. 

    Slate.com has posted an interesting article outlining the evolution of Windows over the last 30 years. It is quite a trip down memory lane – how many did you use?

    Slate.com - Microsoft Windows has changed a lot in 30 years


  • 26 Nov 2014 1:25 PM | Deleted user

    The recent G20 summit in Brisbane seemed to go off without a hitch. However, politics aside, do you think Brisbane or Queensland received a benefit for hosting the event? Millions of dollars were spent getting the city ready for the G20 this month, including everything from beautification projects to security. Graham Quirk claims the long term benefit will total $100 million.

    ABC news has asked various international media outlets what their coverage focused on. The results were mixed, with some countries focusing purely on their delegates’ meetings and the politics of the event as a whole whereas others took a more holistic approach to the event and the city.
    It remains to be seen if there is a longer term benefit, however if you are interested in additional information on how some of the delegate countries reported on the event, the ABC article can be found below.

    ABC News - G20: International journalists put business before Brisbane when it comes to summit coverage


  • 6 Nov 2014 1:29 PM | Deleted user

    There are many questions you must ask yourself before accepting and starting an interim assignment. What are your objectives during your time in the role? Are you there to hold the fort or to instigate change? Does this role have the potential of going permanent and are you even open to this? If you are, will you even be considered for this position?

    In many cases interim managers are brought in to instigate change and these changes lead to business restructuring and redundancies. If this is the case it is beneficial to identify that your position of change manager will have a certain shelf life and you will have to plan accordingly.

    George Bradt has written an interesting article for Forbes on some of the key things to understand when beginning and interim assignment, whether you are already within the organisation and looking after the position or if you have been brought in externally and are new to the position.

    The full article can be found here:

    George Bradt – Forbes - The secret to success in an interim leadership role


  • 6 Nov 2014 1:28 PM | Deleted user

    There are no hard and fast rules when starting a new business, however there are certain traps that come up time and time again. In order to be successful, identifying strategies that haven’t worked in the past is invaluable and will hopefully help you avoid issues before they arise.

    No matter what industry your new businesses operates in, there will always be tips and tricks that will be relevant to you and your business. Therefore continuous education and learning from other people's mistakes is vitally important.

    John Corias from MAS Accountants has put together a list of 5 traps to avoid when starting a new business. These traps will be relevant for all businesses as they are not industry specific. The full article can be found here:

    John Corias – BRW – Top 5 traps for entrepreneurs when starting a business: an accountant tells


  • 6 Nov 2014 1:27 PM | Deleted user

    The employment market is still fairly tight across many industries in Australia and around the world. This has led to job searchers looking for alternate streams of income. Some of these could be passive investments, however another alternative could be purchasing a small business.

    Most people wouldn’t know the first thing about purchasing a business let alone what business would be right for them. Much like the real estate business or the insurance industry where there are brokers to guide you through the decision making process, business brokers can offer you the same service when looking to invest in a small business.

    Alison Griswold from Slate.com has put together a case study outlining an American couple's journey from salaried employees to small business owners, which also shows the benefits of finding the right business broker for you. The full article can be found here.

    Alison Griswold – Slate.com - The Water’s Fine - How hiring a business broker turned a Florida couple into pool entrepreneurs.


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