Auckland Small Business Help

Small Business Stress

Many business owners are subject to business stress at some point through their business career. Stress can be challenging especially in the present business and world economic times, but there can be a number of other challenges that can impact on the business such as:

• Debtors not paying
• Staff issues
• Cash Flow challenges
• Creditors
• Business partners
• Spouses
• Asset repairs
• Client degradation
• Family
• Economic pressure
• Supply chain constraints

These all culminate to put stress on to the business owners that can cause calamities at times.

Signs of physical stress:

• Lack of sleep
• Reduction in food
• Relationship conflicts
• Irritability
• Head aches
• Back pain
• Chest pain
• High blood pressure
• Heart disease
• Heart palpitations
• Decreased immunity
• Stomach upsets
• Anxiety
• Restlessness
• Worrying
• Depression
• Anger
• Insecurity
• Lack of Focus
• Forgetfulness
• Social withdrawal
• Drug and alcohol abuse

Business Consultants see these symptoms on a regular basis and attempt to ensure that the environment can be changed constructively and not destructively on the business.

Change management processes and procedures assist the management and administration of the business to mitigate the risks with quality turnaround management processes.

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Auckland Small Business Help

(VA) Voluntary Administration

“As prescribed under the Companies Act”

The primary rationale’ is that under a (VA) an administrator is appointed by the Directors or Creditor to give life to the business by allowing the Administrator to review the financial position of the company and determine if it can trade out of it’s present position.

• The Administrator takes full control of the business under the Act.
• The Administrator takes control of secured assets and negotiates with the secured creditors to move the Company forward.
• The Administrator ascertains the unsecured creditors and has meetings to determine if there is opportunities to move forward.
• The Administrator provides reports on the business to all parties and the Companies Office on it’s investigations.
• This process does not guarantee survival but it has the ability to give the Company a chance of survival.

Voluntary Administration can be an alternative to Receivership or Liquidation of a business in financial difficulties.

More about Voluntary Administration on the NZ Companies site