Advice
Remember – time is money! What’s the cost to your business if you have to spend 30 hours a month of your time on your bookkeeping? With this in mind, follow these 9 steps and you’ll be well on track to choosing the right accounting solution for your business.
Do you ever feel like your business is stuck in a rut? If you feel you could be more proactive when it comes to moving your business forward, maybe you should consider being more innovative.
There are very few forms of capital in this market, so don’t discount the one that’s right under your nose: your own working capital. Here’s some expert advice for making the most of what’s available to you.
Cashflow finance speeds up cashflow during times of growth, business acquisitions or seasonal sales cycles to help a business reach its full potential. Here’s how to decide if it’s right for your business.
Small businesses are doing it tough. The difficulty is many are time poor, and when there aren’t enough hours in the day, focusing on sales and clients seems more important than “back office” finance and accounting functions. This can be a mistake however, as the savings made through savvy financial management can often offset falling revenues.
Where is cash when you need it? Here’s an in-depth look at the art of raising good debt over bad in a world characterised by a number of emerging new trends.
Feeling the pinch? We’re all looking for ways to trim budgets and our operating expenses. One pain point that consumers, enterprises and small businesses alike share is energy consumption. If you’re an SMB, your IT systems can have a significant impact on your energy consumption. Here’s how to better manage this.
Life as a small business owner is challenging. Confidence levels have fallen and cashflow remains a key concern. Cashflow is one area in which some simple changes can have a marked benefit. Here are 10 ways to improve how you manage it.
As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
All the big banks say they’re the best for small business, but they also all want a piece of this large part of the market. To cut through the confusion, here’s an in-depth look at what each bank claims to have to offer SMBs.
Whether you’re making decisions about how much stock to order, what extra promotional activity should be undertaken or if you can afford to pay an employee more money, reporting plays a vital role in understanding the impact any choice has on your bottom line and cashflow.
Most people know something about self managed super funds (SMSFs), the do-it-yourself version of compulsory superannuation. But for many people, the many benefits of SMSFs – as well as the potential costs – are unknown.
When you go into business, you’re also taking on a certain level of risk – and none more so than when you extend credit to new customers. In an uncertain economic climate, small business owners are acutely aware that each day they are waiting for their invoices to get paid is another day money isn’t coming through the door.
Setting up a business can be daunting, but don’t get turned off by a little nervousness. Here’s how to overcome some of the common negative thoughts that can get in the way of you starting-up.
Tough economic conditions and vanishing revenue streams mean organisations across Australia are searching for clever ways to maintain shareholder return. Ask these simple questions of your business to see if you can do the same.
It’s an unfortunate fact that many otherwise promising businesses fail in the early stages due to cashflow problems. When it comes down to it, cashflow is mainly about people and systems – get those two elements right, and your business could be on track for a much smoother ride.
It’s not that unusual to be owed money by another business. But if that company no longer has any money to pay you, or anyone else, back, what can you do? Follow this expert advice to recoup debts owed to you.
You might see printing as just a simple business process, not one worth spending a huge amount of time on. But if you consider how often a printer is used and how reliant your employees are on printing, you’ll quickly realise with this simple process, often comes with a hefty price tag.
Since the GFC, foreign exchange (FX) markets have seen an increase in both spot and forward transactions, reflecting an increase in market volatility. SMBs can protect themselves from this volatility by following a few simple rules.
For businesses, the new financial year can be the natural time to review services, service providers and systems and processes. We asked a variety of experts for their advice for making the right switch in the 2012/13 financial year.
