In our final article in this series on managing risk for trade businesses we focus on the risk of something happening to key people in the business (that means you). FOUR AREAS OF RISK Property Liability Financial Personal/Family Is your business’s most valuable asset...
In this article we focus on financial risk to building businesses. FOUR AREAS OF RISK Property Liability Financial Personal/Family Unfortunately, it is a fact that over half of all New Zealand construction businesses will have failed after just four years*. The...
Construction is a risky business, more so than most, yet many builders don’t spend enough time really understanding their risk environment and putting in place strategies to manage, avoid or transfer that risk. Four Areas of Risk Property Liability Financial...
Construction is a risky business, more so than most, yet many builders don’t spend enough time really understanding their risk environment and putting in place strategies to manage, avoid or transfer that risk. In this second article in our Understanding Risk series,...
Life used to be simple. It was about survival, finding enough to eat and avoiding being eaten by a sabre-toothed tiger. Modern life is much more complicated, especially if you’re a builder and run a business. There’s a lot to think about and one of the most...
Do you know if your company is solvent? If it’s insolvent and you continue to trade you could be in breach of the Companies Act. If the company can’t pay its bills, creditors could seek recovery directly from you personally. The building industry is chocka with...
