March, 2015

The Growing Threat of Business ‘Fossilisation’

The effects of the ‘fossilisation’ of many mature family businesses and other small-to-medium enterprises are already becoming apparent throughout our economy in the form of increasing business closures and job losses. This trend will continue to impact commercial capacity and financial resources, and should be stimulating the Australian business community, and government, to do far more than they’re currently doing to meet the threat. This business fossilisation is another outcome of the GFC that has yet to be fully understood, but the ramifications are being felt in family-owned businesses across the country, and around the world. As a result of […]

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