Cashflow
In these tough times business development is changing. Buyers are turning to tenders as pressure increases to manage cost and demonstrate due process. Small to medium businesses must have the right tender strategy. To win a tender is not all sharp pricing; you need to be competitive, complete and compelling. In the first quarter of […]
In the current economic climate, businesses are looking for ways to cut costs. Often the business’ fleet of cars or vans will make up a large part of the company’s asset base and running and maintenance can be quite costly. So it is important to choose the right service provider for your fleet to not […]
Thousands of SMEs overspend on mailing costs. By following simple, smart mailing practices, every small business can take the dollars off the envelope and onto the bottom line. Streamlining your mailstream can save both time and money. With a slowing economy, consumer sentiment dropping and an uncertain year ahead, businesses are increasingly looking for ways […]
With many companies looking to tighten their belts in this financial crisis, and with an emphasis on all things green, companies are looking for ways to cut down on business costs and improve efficiencies. The best place to start is with your fleet, as a company’s vehicle is often one of the biggest expenses it […]
Productivity not only saves you time and money, but also helps you focus more on your core business. Here are some solutions to make you business more productive.
Staring down the barrel of an almost inevitable recession following a period of economic prosperity, many business owners are wrestling with an uneasy feeling that their businesses are not prepared to weather the challenges ahead. So how can you improve your cash flow situation and secure the financial support you need in order for your […]
With the financial crisis stressing everyone out, and banks declining funding to small business, financial advisory firm Prosperity Advisers are urging SMEs to ‘stress test’ their business.
As The Independent Wine Group’s business grew, they experienced problems with keeping the cost of printing wine labels in-house down without compromising on quality. The solution was to combine a managed print solution with two Fuji Xerox Printers Phaser 6360 colour laser printers. They saw the benefits almost immediately, with an 80 percent reduction in […]
With reports that banks are increasingly tightening credit and interest rates on business overdrafts higher than last year, small businesses are getting frustrated. But what if you can invest your company’s profits into an extremely secure online savings account with no fees, whilst earning a high 4.00% pa interest on every dollar – and your […]
For most small to medium enterprises (SMEs) tax planning can be pushed down the agenda and only dealt with on an annual basis with little time and effort given. However, tax represents one of the most significant business costs and by implementing ongoing tax planning it can save a business time and most importantly, money. […]
Steady cashflow is very important for a small business attempting to grow. So who has it, and how do you get it? The answers will vary considerably depending on a number of factors including the stage of growth, how much funding is required and how well the business is structured. Throughout the business lifecycle: concept, […]
With an economic downturn still being touted just about everywhere, it’s an ideal time to recap on ‘getting back to the basics’ of good business management practice. Cuts in discretionary spending are not the only measure to keep your business running strong. So what steps can you take to improve your business in a tougher business climate?
Despite the turbulence created by the global financial crisis, it remains smooth sailing for business growth across Australia. In 2008, there were 1668610 registered companies, according to the Australian Securities and Investment Commission (ASIC). That’s nearly 67000 more than at year’s end 2007. While there are plenty of reasons to start a company, there’s almost […]
CASE STUDY Fluctuating rates don’t just affect exporters: if you import you have to be very careful with how margins can affect your bottom line. David owns a Sydney-based company that imports kitchen and homewares. On average, he buys US$100,000 per month to pay various suppliers in China and South East Asia. Like many importers, […]
The Government’s temporary Investment Allowance, announced in December, is a positive move for the asset finance industry and the broader economy. The ten percent investment allowance, in the form of an additional tax deduction, effectively provides the owner of new assets purchased with an upfront additional tax deduction of ten percent of the asset cost […]
Advice on succession planning from National Australia Bank’s Geoff Greer. It is universally acknowledged in business that success does not happen by accident. While in previous years, a booming economy has meant businesses have enjoyed some success without a great deal of planning, this is clearly changing with the slowdown of the global economy. Geoff […]
For many promising SMEs, partnering with a private equity firm might be their best shot at reaching their potential. So, what is private equity and what does it mean for your business? Private equity has become a significant presence in the Australian corporate landscape over the past few years as some of Australia’s biggest and […]
Getting cash flow right from the start is important for any business owner. As Symon Brewis-Weston discovers, a business is only as successful as its cash flow management practises so it’s important to understand how to get it right. Poor cashflow management can bring down the foundations of any business, no matter how successful it […]
With petrol costs rising and everyone now thinking green, it may be time to reevaluate the costs and efficiencies of your fleet. Greening your business can not only save you time and money but improve efficiencies. Every organisation is under constant pressure to improve efficiencies. Whether the push is for time or cost savings, it […]
There has been much hype surrounding climate change and emissions trading schemes. But what does carbon management mean for SME owners and how can it benefit their business? While SMEs may not be required by law to report or reduce their carbon emissions, taking the right steps to improve or enhance their environmental credentials makes […]
