Advice

With insolvency rates at a record high, how SMEs manage their cash flow will have a major impact on their business survival. Here are 4 tips on improving your cash flow.

While credit card use has slowed down, many Aussie credit card holders are holding onto their debt. RateCity predicts it could take over 24 years to pay off current debts.

Recent study by St. George Bank found that 45.3 percent of Australians are managing to save money, with 12.4 percent saving a considerable amount.

35 percent of Australians have experienced stressed about their mortgage repayments in the last 12 months, due to pay cuts and rising utility bills.

In our personal lives, it seems that people are returning in droves to old-school market behaviours of renting, swapping and lending goods and services instead of buying them.

Cashflow is essential to small business. But what do you do when the bank turns you down? Forget the bank – why not just lend yourself the money?

If your business is receiving requests for information or quotes and you’re not hearing back it might be time to reevaluate your strategy.

It’s easy to be intimidated by your competitors’ sales figures but these numbers should be of less concern than your relative profit margins.

Reducing energy usage through green sources such as solar energy offers the potential to also reduce costs for small business.

With administrations and liquidations steadily on the rise, more businesses are finding themselves having to deal with the fact that their trading partner has fallen into potentially fatal financial strife.

It’s necessary to spend carefully when your business is still young, but you also need to remember that it’s not about being penny-pinching, but being savvy about the way you spend money to help your business grow.

Good cost management is necessary for all companies, all year round. But where do you start?

With the new year looming and businesses everywhere grappling with change, now is a good time to consider some ideas on how you can work on your business, setting yourself up for a stronger year in 2013. It’s time to work smarter not harder.

Cashflow is the lifeblood of your business, and managing it well will ensure your business’ vital signs are stable. Here are some ways that you can pump life back into your business and take care of your cashflow.

The Federal Treasurer has released the Mid-Year Economic and Fiscal Outlook (MYEFO) for 2012-2013, and it won’t come as any great surprise to SME owners that the economy, whilst not going backwards, is certainly not moving forwards as swiftly as the Treasurer would like. Here’s how the MYEFO announcement will impact small businesses over the foreseeable future.

The results of the Credit and Debt Survey are in. Run by Dynamic Business in tandem with CreditorWatch, the survey found two thirds of businesses have seen a rise in the time it takes them to be paid over the last year.

You have a great idea for a business and have put together a solid business plan. You’re all set to go – but you can’t seem to find any investors willing to fund your start-up. You’re afraid it’s going to fail without ever getting off the ground, but never fear – there are a number of funding options you might not have considered.

Fixed costs can be a killer in any business – they can creep into any organisation slowly and choke it like a pervasive weed. Here’s how one specialist suggests you manage these difficult expenses.

One of the biggest decisions any small business owner faces is choosing which institution will handle their business banking requirements. If you’re struggling to make this decision, consider these 8 important aspects.

Months of economic turmoil for the global economy has led to instability, which particularly affects cross-border business. While larger businesses are often set up to deal with this volatility, a process called hedging provides an opportunity for SMEs to do the same and maximise profits and revenue, minimise costs, and stay competitive.