Cashflow
Innovation may be the key to running a successful business, but if you can’t finance your business ideas, then you’ll have trouble getting them to market. Here is a grants guide to government grants and private industry grants and awards programs, if you’re looking for business funding. Adair Innovation— www.ausinnovation.org Supported by government and private […]
In times of high inflation and rising interest rates, steady cash flow is crucial. Rob Lamers, CEO of Oxford Funding, writes about smart business practices to manage your money. It’s clear, from the Reserve Bank’s recent blunt statement on the need to rein in inflation, that monetary policy will be tighter in the period ahead, […]
Cash flow is the lifeblood of a business, so smart debtor management is crucial to success. Here are some tips on organising debtor payments and creating steady cash flow. Current economic conditions and uncertainty in the market has meant that many businesses are bracing for an economic slowdown. Greg Charlwood, Asia Pacific CEO of global […]
The start of a new financial year is always a good time to look at financial plans and activities that will help grow your business over the next 12 months. Planning the financial year is even more important now, as businesses deal with economic challenges, high interest rates, and low consumer confidence. Commentators and economists have varying […]
For an SME, managing cash flow isn’t all about profits. Future profits are useless if you don’t have a steady cash flow to pay debts in the meantime. Rob Lamers, CEO of Oxford Funding, shares his expertise on managing cash flow and balancing the books with SME owners. The true success of a business comes […]
Accountants are an important part of an SME’s operations, but like the dentist, if business owners leave consulting an accountant until it’s too late, the pain can be excruciating. Gavin Dixon, CEO of Reckon Limited’s Business Division, recommends you regularly consult your accountant. For new businesses, select an accountant that best suits the company’s needs. […]
Whether it’s the end of the financial year, or not, you can always take some time out to reduce your tax liabilities. Take a look at this checklist to see how you can reduce your tax. Pay expenses before 30 June to get any tax deductions this year If payments for liabilities are made on […]
Small business owners are showing strong interest in self-managed superannuation funds and saving for retirement and for when they’re no longer working full-time. However, often, your self-managed super fund (SMSF) becomes your new ‘small business’. Read on to see how you can make the most of superannuation. Many businesspeople have been hesitant to start an […]
Business vehicles can be a huge expense for SMEs in Australia. Purchasing or leasing a vehicle is a big decision to make, and consequently will affect your bottom line. If you’re strapped for resources and cash, it’s a good idea to look at all the pros and cons before purchasing or leasing a vehicle, rather […]
Australia has been benefiting from an economic boom for so long that we seem to have forgotten the low plateaus of economic downturn and recession. But does economic downturn necessarily mean recession? The generally accepted definition of recession is a period of negative growth over three successive quarters in an economy. Often tied to gross […]
Attracting capital investors is no mean feat, but there are a few ways you can convince investors to finance your business growth. Whether you’re looking to grow a business or start up a business, chances are you’re going to need capital investment at some point. But let’s face it, getting your hands on extra capital has never […]
As business conditions slow and business costs increase, it’s becoming increasing difficult to rely on earnings growth to improve the bottom line. Check out these simple business cost cutting ideas to improve profit and cash flow. Astute managers are more often looking to unlock the profit opportunity that lies hidden within their businesses costs. After […]
In the latest of his regular columns, Rob Lamers shares his expertise on managing cash flow with SME owners. It’s a common misconception that success in business is all about profits. The tragedy is that believing this ignores the fact that it’s unwise to imagine yourself raking in the future profits if the business can’t […]
The end of the financial year is almost upon us, but there are still a number of actions that business owners can take to help reduce their tax liabilities for the 2007 tax year. Often, this is simply a case of ensuring that your intentions are correctly recorded and dated, which will also be helpful […]
Quite simply, Business Process Management (BPM) allows an SME to grow. What most SMEs don’t realise is that BPM and putting business processes in place is extremely important, and perhaps even more critical for them to adopt than larger businesses. Undoubtedly, BPM solutions enable companies to do ‘more with less’ through well-managed processes. We see […]
Evolving consumer demands, a dynamic competitive landscape and the broader economic climate are all issues that can place unforeseen pressures on a small business. Being able to manage, adapt or take advantage of these factors is critical for survival and can help drive success. What lies at the heart of businesses that do succeed are […]
Cash is the lifeblood of a business, so smart management of your debtors is crucial to success. Greg Charlwood, Asia Pacific CEO of global business finance provider, Bibby Financial Services, shares his tips on how to avoid a messy debtors book and better manage your cash flow. Current economic conditions and uncertainty in the market […]
There is a new generation of accountant empowered by new technology, aiming to revolutionise the way you run your business. A lot of businesses are held back because they don‘t receive professional advice from accountants on their financial performance. As important as your BAS or tax return seems the day before it’s due, it’s still […]
As a small business owner, knowing what to look for when choosing an online foreign exchange provider can be tricky, not to mention time consuming and likely scoring pretty low on your to-do list. However, taking an interest in your business’ foreign exchange (FX) requirements is important. FX may be a by-product of your actual […]
Private equity isn’t just for big business. Innovative, growing small and medium businesses are often in need of capital to fund growth, and private equity may be just what you’re looking for. Here’s how you can benefit from bringing in a private equity partner, and how to choose the right one. These days, owners of […]
