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Settling into FY21 – here are some tactics to boost cash flow
With the new financial year craziness wearing off and we settle into our new normal, now is a good time to rethink your strategies. For this year in particular, it is essential that you do this. It is essential that small businesses are on the ball in thinking creatively. Here are some simple tips to… Continue reading Settling into FY21 – here are some tactics to boost cash flow
How SME owners can ride out the COVID-19 recession
Australian SME owners are bracing for an imminent recession, inflicted by the global coronavirus pandemic. Our recent survey of SMEs revealed that, in response to the virus, 66 per cent are concerned that we will experience a recession in Australia, and 62 per cent believe the severity of this will be the worst downturn Australia… Continue reading How SME owners can ride out the COVID-19 recession
What can you do to legally recover your debts?
As a small business owner, you could be wondering if during the chaotic times of COVID-19, is it still possible to sue a customer for an unpaid account/debt? In the first instance, you should try as hard as you can to recover funds you’re owed through processes such as payment plans if a customer simply… Continue reading What can you do to legally recover your debts?
Stimulus package reaction: “There are bigger concerns not addressed”
The Morrison government’s economic plans to mitigate coronavirus challenges is a timely, sensible and proportionate response, however there are bigger concerns not addressed. Through constant communication with our client base of over 58,000 Australian SMEs, we have seen that almost every business is severely impacted by the unfolding COVID-19 recession. The stimulus packages and plans,… Continue reading Stimulus package reaction: “There are bigger concerns not addressed”
How to know if your customers will actually pay you
Many small businesses take on jobs and incur costs in buying materials, even carry out work well before they get paid for the job. In an ideal world, your business would obtain payment upfront from the customer to cover significant job costs. However, a lot of the time this isn’t possible, particularly if your customer… Continue reading How to know if your customers will actually pay you