Sep 8, 2026 · 29 min · 12 segments
Tax debt isn't the problem. It's the symptom. That's the line that sums up this conversation with insolvency and business recovery specialist Stephen Hundy, who has spent almost 30 years sitting…
I'm curious when you get inside a business, obviously a struggling one because otherwise they're not typically calling you, right? But how often is the problem either a lack of visibility or a lack of marketing systems? So people who don't really know what their pipeline is or their cash position or commitments or what's coming next.
As I said, probably comes back to that comment before just around the managing the business side in terms of, okay, you might be very good at what the product is, what you're selling whatever that product may be um having the skills in that sense but yeah maybe not having those other business um yeah in the marketing skills in terms okay how do i market how do i how do i bring in more work how do i then make sure that you know the financial aspects are under control um in my systems and Yeah, having your bookkeeping and all that sort of thing looked
It's got to be, you know, I mean, I don't know, I can't remember the last time somebody walked in and said, oh, here's our business plan and here's what we, you know, or here's all the areas of the business and here's how, you know, and this is when we reviewed it and we've got these things in place.
And then, and then, you know, there's a whole, there's a whole other layers of, you know, governance and, you know, directors and their duties and things like that, that, A lot of people have no idea around, you know, you don't have to do a course to be a company director.
But not even knowing a lot of the governance type things and their duties and obligations as directors is something that we see that side of it as well.
I'm curious when you get inside a business, obviously a struggling one because otherwise they're not typically calling you, right? But how often is the problem either a lack of visibility or a lack of marketing systems? So people who don't really know what their pipeline is or their cash position or commitments or what's coming next.
As I said, probably comes back to that comment before just around the managing the business side in terms of, okay, you might be very good at what the product is, what you're selling whatever that product may be um having the skills in that sense but yeah maybe not having those other business um yeah in the marketing skills in terms okay how do i market how do i how do i bring in more work how do i then make sure that you know the financial aspects are under control um in my systems and Yeah, having your bookkeeping and all that sort of thing looked
It's got to be, you know, I mean, I don't know, I can't remember the last time somebody walked in and said, oh, here's our business plan and here's what we, you know, or here's all the areas of the business and here's how, you know, and this is when we reviewed it and we've got these things in place.
And then, and then, you know, there's a whole, there's a whole other layers of, you know, governance and, you know, directors and their duties and things like that, that, A lot of people have no idea around, you know, you don't have to do a course to be a company director.
But not even knowing a lot of the governance type things and their duties and obligations as directors is something that we see that side of it as well.
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