Cashflow
There are plenty of cost effective practices and technologies SMBs can borrow from larger enterprises which will help you run your business more efficiently.
The latest Small Business Survey from the Australian Chamber of Commerce and Industry revealed a continuing trend of poor confidence prior to the release of the Government’s Budget last week.
As a small business owner, you need to be clear what this means, where you can save money and what new legislation you are able to take advantage of. Here’s what you should note…
If this time of year fills you with regret and disappointment, don’t despair. There is still time left to get to work on finishing this year off as well as we can. Set out to make it a Personal Best.
General business conditions were down for third quarter in a row, while businesses’ outlooks for their own conditions dropped for the fifth consecutive quarter.
Every business is a boat on the economic seas. Although bigger boats have a better chance of riding out storms, the small ones can have as much of a chance if navigation is mapped out with care.
Remember, you may be invoicing business to business, but there are real people at the other end of the process and their emotions can and will affect how quickly you get paid.
No matter the size of your business, if you’re offering credit to your customers it’s highly likely at some point you will do work for a customer who will blatantly refuse to pay.
The story of Apple Watch so far has some very interesting lessons for current and potential entrepreneurs in the tech space. Here are a few…
The biggest and potentially most damaging things business owners fail to do is understand their target market and understand them intimately.
Too many businesses have written up their business plan and dusted their hands. Full steam ahead, right? Yes, but make sure it’s only to the next stop.
You’ve put in the hours, you’ve watched your business grow and thrive. Now you’re ready to reap the well-earned rewards. But is your business ready?
Growth and profitability can be achieved by focusing on one or two areas at a time and working up from there.
A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.
The small business and charity sector have more in common than many would realise. Without both the country may very well grind to a halt.
Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous.
Prospects seem brighter for Australia’s SME sector as it shows its strongest performance of the last four years, while the proportion of businesses experiencing diminishing revenue stands at a five year low.
Complacency has seen the demise of many brands. It is the worst mistake businesses, especially startups, can make. Yet, it doesn’t get the same share of voice as other challenges.
What you may not know, however, is that the revised guidelines issued in 2014 by ASIC and the ACCC stress the importance of good record keeping. Here’s how…
The potential benefits with the PPSA are indeed obvious, but, as with anything relating to assets and property, the devil can be in the details.
