Cashflow
With the economic slowdown and the worst global recession dominating headlines, it’s easy to get caught up in the hype. However, market disruption normally presents great opportunities to reposition your business for the upswing. Now is the time to get back to basics. Step one? Finance.
Michael Jackson’s untimely exit from the global stage has sparked an outpouring of grief from around the world. But for the family of the late King of Pop, issues surrounding his estimated US$1 billion estate are posing a real legal thriller.
Maintaining a healthy bank account is top of mind with every small business owner. How can you improve your cash flow and reduce common money management headaches as well? The below tips will help you stay ahead:
Business succession planning is an area fraught with emotion, but integral to the lifecycle of your company. Are you ready to sell? Have you planned for succession? There are five things you must consider before you sell your business.
In the financial crisis, many employees being made redundant are using their leaving packages to fund business purchases, with little business experience. There are ten questions every business buyer must ask themselves before jumping in.
Some small businesses have already taken advantage of the Government’s Investment Allowance. Yet the actual details are still rather confusing to many. To simplify the legislation and show how businesses can benefit, Finlease have prepared an ‘Investment Allowance Guide in Plain English’.
The number one reason businesses fail is bad management. Stock control is a vital issue that tends to be overlooked. Inventory management is important so your business knows exactly what’s coming in and what’s going out.
One of the smartest pieces of advice I’ve received is to outsource all non-core activities, acknowledge my strengths, recognise my weaknesses and work with that knowledge instead of fighting it. Focus on what you do best, and outsource the rest.
The end of the financial year saw many small businesses make tax reduction their priority, and as a result they now face a challenging year. But there are ways to minimise the impact on the business and start fresh in the new financial year.
When it comes to choosing the right bank for your business, you are entering into a long-term relationship that will be critical to your growth and development. Whether you are starting up a business or looking at switching banks, there are important matters to consider, questions to ask and products to research before you select your business bank.
Times are tough and it is understandable that retailers are cutting costs, but some of them are going too far. Instead of eliminating waste, these retailers are also cutting essential expenditure. By doing so, they are undercutting the capabilities of their businesses.
Six months into 2009 and it’s been announced by those in the know that apparently our ‘annus horribilis’ economically speaking, is over. Australia has dodged the recession. Technically.
As government and industry focus on rebuilding business confidence, let’s consider the ‘seven deadly sins’ small business commit during the recession and how to avoid them!
It’s tax time! The end of financial year is looming, but don’t panic. There is still time for you to get on top of your end of financial year responsibilities. Follow these tax tips and you will be on your way to financial freedom.
For importers of goods, the challenges of the recent economic environment have resulted in costs increases, supplier instability and heightened quality concerns. If it wasn’t already risky enough, these conditions have made importing even more complex. How should importers deal with these difficult times? As a result of the financial crisis, importers have been forced […]
The global financial crisis has dramatically increased the speed at which business conditions can change, forcing many business owners to rely more than ever on risk management strategies to protect their businesses. Stress testing a business can be an effective way to ensure a business survives unpredicted change. Many companies are getting stuck in the […]
For most businesses, the current economic climate has demanded change. But those changes don’t have to be as drastic as redundancies, closing offices or selling the business. By using everything from common sense to new technology, business owners can weather the economic storm and position themselves to capitalise in the years ahead.
Treasurer Wayne Swan announced in his Budget speech last night that small businesses are the “backbone of the Australian economy” and as such has implemented a number of measures in the Budget designed to support small business.
Australia is NOT in a financial crisis. We’ve got the healthiest banks in the world. We’ve got zero government debt – that is, until now. Our unemployment rate is the envy of almost every other country. We’ve still got plenty of room to move on interest rates. Our biggest trading partner is already showing signs […]
Small businesses are being encouraged to take advantage of the Government’s 30 percent Investment Allowance before the June 30 deadline. Finance Broker at Finlease, Mark O’Donoghue explains what the Investment Allowance means for small business, who is eligible and what businesses can expect to receive. In order to be eligible to receive the 30 percent […]
