53. SBR so far and The 3 Golden Rules

Yes, we are looking at James' new favourite topic, Small Business Reconstruction (SBR). And critically, what do business owners and their advisers need to take away from the report and experience so far?In this first episode of Season 3 we look back on the start of the SBR legislation and the results shown in this week's report from ASIC. The report reveals that despite challenging conditions, insolvency professionals have used the rules and their experience to make a difference in the survival rate of businesses in distress. We compare our experiences with some of the findings. Something born of experience, not in the report, Chris and his colleague have also devised three Golden Rules for Small Business Reconstruction, which have proven crucial in helping a business survive and thrive. We also cover the eligibility criteria and what to do if you are not quite there yet. Tune in for some great advice on Small Business Reconstruction and Chris Baskerville's "Golden Rules".