Determining whether a business can be saved requires a careful assessment of its viability, a clear understanding of the challenges involved in a turnaround, and a well-crafted strategy for recovery. While not all businesses can be saved, many can emerge stronger from the turnaround process with the right approach and support. The key is to act decisively, address issues head-on, and be willing to make tough decisions for the long-term health of the business. 

The necessity of retaining physical premises in the post-pandemic world is not a one-size-fits-all decision. It requires a careful evaluation of your business’s specific needs, operations, and the well-being of your employees. For many businesses, embracing a work-from-home model can lead to cost savings, happier employees, and even increased productivity. However, it’s essential to implement strategic planning, provide the necessary tools and support, and maintain a strong company culture. As the work landscape continues to evolve, flexibility and adaptability will be key to navigating the future of work successfully. 

Understanding and managing payroll tax is an essential part of running a business in Australia. The state-based nature of the tax means that rules, rates, and thresholds can vary significantly, so it’s important to stay informed about the requirements in each state or territory where you employ people. Considering the complexity and variations of payroll tax, consulting with a professional tax agent or advisor who is familiar with the specific laws of your state or territory can provide valuable guidance and help ensure compliance. 

Growth is an essential aspect of business success, but it should never be pursued for its own sake. By ensuring that your growth initiatives are strategically aligned, financially sustainable, operationally supported, and risk-managed, you can achieve meaningful growth that contributes to the long-term success and stability of your business. Always remember, the quality of growth is far more important than the speed or size of growth.