It seems like the last couple of weeks have been full of headlines of builders going bust. First there was the residential builder, Porter Davis and their 1,700 customers and all of the trades that have lost money as a result of their insolvency. This was followed by the commercial building group Lloyd Group and then the other week it was Mahercorp (brands: Urbanedge and Eight Homes), another residential builder. But it isn't confined to the construction industry; the food delivery service Providoor went into liquidation last week as well. There are also many other stories of lesser-known companies succumbing. ...

There has been much talk about the Australian economy and how it is tracking. We've written extensively about the economy in previous briefings (See: Outlook for 4 Key Sectors of the Australian Economy, 3 Long-term Risks Australian Businesses Should Be Thinking about Now, Outlook for Australian business (May 2022) ). In this briefing, I want to focus on Australian house prices specifically because there is a lot of noise in the media about how much house prices have dropped and how much further they have to fall. As you know, at Tenfold Business Coaching we like to go to the ...

Many Australian businesses we coach are planning important business decisions for 2023. Whether it is signing a new lease, agreeing to a large consignment of goods, purchasing a new factory, or upgrading your fleet of vehicles. These are all significant decisions that require a level of foresight into how the economy will perform. While we business coaches don't have answers, we do trawl various industry and economic reports, assess the data and separate the fact from the hype. Today's briefing lays out some of these facts for you. There's a lot of information about how the Australian economy is tracking, ...

In my last briefing I noted that there was a lot of media hype catastrophising high interest rates, property market crashes and recessions. (You can revisit the briefing from 9th August 2022 here: Insights into interest rates, inflation and property prices in Australia) As humans we often respond to situations that are immediately in front of us and that is why I provided you with another (less alarmist) perspective on the media hype. However, as humans and business owners we sometimes miss those long term-changes and risks that have the potential to significantly shape the future of our businesses. Today I ...

As a business coach, I'm aware that there’s a lot of doom and gloom in the media from the rise in interest rates to high inflation and even talk of a recession. And I know as a business owner this can play on your mind. The negative media can influence you into being more risk averse than you need to be or cause you to put off important business decisions. In today's briefing I want to apply a level of logic to many of the emotional attention-grabbing stories out there about the economy. My purpose as a mentor to small-medium ...