Family Business

Arabon Business Accounting

Sale and Purchase of Business Restraints: How do they affect you?

Author: Sarah Jones, Legal Practitioner Director, JHK Legal When you enter into a sale and purchase of business agreement, the seller will usually be asked to agree to a restraint of trade for certain acts done in a certain area and a certain period of time. Usually, this will apply to both the entity selling …

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Arabon Business Accounting People and Culture

Creating great places to work: engaging employees’ skill and will

Purpose is the primary element of motivation. At the heart of any business is its business practices.  This is typically in the hands of a company’s greatest asset, cost centre and risk; the workforce or human element, which has many moving parts.  It is paramount that we not only meet our obligations to various government regulators …

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Arabon Business Accounting COVID-19 identify risks

Reducing the financial risk of launching a new business

There’s no doubt that starting a new business has risks.  While it may be tempting to remain positive and ignore them, you need to know how to reduce the financial risks when launching a new business. Risk management is the process of identifying and assessing risks and developing strategies to mitigate them. A risk management …

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Arabon Business Accounting Family Business

Generational succession: Do your kids really want to take over your business?

Generational succession – handing your business across to your kids or family – sounds simple enough. But, many families end up in dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes – you need to make sure that everyone understands what the transition will mean and everyone is aware of their role and responsibilities.