Cashflow
Michael Hutton sifts the new superannuation rules and finds a lot of good news for business owners. But for some, retirement plans will need urgent attention Following the additional benefits and enhancements announced in the Federal Budget in May this year, superannuation is now the prime tax-advantaged, long-term investment vehicle, particularly for business owners. The […]
Debtor financing can provide a positive injection of cash into the business to help fund working capital and meet short-term growth needs, but it can be relatively expensive and is not suitable for all businesses. Bill Shew explains more about debtor financing and when to use it. In practice, debtor financing involves getting a bank […]
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Without cash flow your business can’t survive. Matthew Gardiner looks at ways to manage debtors, one of the biggest factors in keeping cash flowing. The core of any successful business is its ability to generate enough income to pay off any debts—cash flow. Many business people fail to monitor cash flow, and so although profitable […]
When a business or its owner can’t finance the next big step to expansion, what is the best option and what will the owner sacrifice and gain? Dennis Mattiske looks at various types of financing and what investors can expect in return. As a business expands it inevitably needs more financing to support increases in […]
When a business or its owner can’t finance the next big step to expansion, what is the best option and what will the owner sacrifice and gain? Dennis Mattiske looks at various types of financing and what investors can expect in return. As a business expands it inevitably needs more financing to support increases in […]
From July this year, most employees will have the right to choose their superannuation fund. Michael Hutton explains what this will mean for small business. In broad terms, employees not covered by a state industrial award (apart from Western Australia) and those not covered by a workplace agreement, will be able to choose their own […]
Is your business among the one in six SMEs that have no business insurance coverage? Paul Giles considers the devastating consequences they could face, and the peace of mind they could have if the worse does happen and they are covered by business insurance. Many SMEs do not consider worst-case scenarios, dismissing them by […]
Effective management of working capital is crucial to the health of any business. Michael Sutherland examines the factors involved in achieving the right working capital balance. When was the last time you looked at the cost of doing business, calculating the working capital your business needs to break even? Taking the time to conduct […]
Employee leave is an inevitable part of business life that can prove costly if employers are disorganised. Rebecca Spicer takes notes from H.R. experts who believe there is more to planning leave than making dates on a calendar. As a business owner, taking leave is often a luxury and one taken at your discretion. When […]
The Top Ten Lies of Entrepreneurs (Since I’ve antagonized the venture capital community with last week’s blog, I thought I would complete the picture and “out” entrepreneurs to begin this week. The hard part about writing this blog was narrowing down these lies to ten.) I get pitched dozens of times every year, and every […]
Fraud is expensive, and can ruin a business. Matthew Gardiner looks at the danger areas, examines the case of a trusted employee milking a small business of thousands, and outlines checking systems that can be put in place to protect a business. All businesses, large and small, run the risk of losing both revenue and […]
Easing the Burden on Hospitality A new simplified accounting method (SAM) has been introduced to help those in the restaurant and catering industry meet their GST obligations. The new method will mean businesses such as restaurants, cafes and caterers with an annual turnover of up to $2 million will now have the option of using […]
Fraud is expensive, and can ruin a business – Matthew Gardiner looks at the danger areas, examines the case of a trusted employee milking a small business of thousands, and outlines checking systems that can be put in place to protect a business. All businesses, large and small, run the risk of losing both revenue and […]
Welcome to the first of a series of cash flow columns where we introduce you to various products and techniques to manage your company’s cash flow. Here’s a checklist looking at the steps all businesses can take to better manage, and control, your cash flow. If you’ve done the hard work and billed your client, […]
The entrepreneurial spirit of a small business owner can sometimes be at odds with rigorous business systems – Domini Stuart looks at various models to find out how business systems can enhance operations but still allow the business to change and evolve. Have you ever wondered about the fundamental difference between McDonald’s and your local hotel? […]
Fleet management is a blend of maths and magic. Liz Swanton finds the delicate balance of practicality and prediction is becoming more acute in a climate of rising petrol prices. On the plus side, there are more options for tailoring management solutions for fleets, from one car to hundreds. That bumper sticker, ‘I own the […]
When it comes to taking your money, today’s mobile businesses have plenty of options for mobile EFTPOS transactions. Cash flow is a key issue for any business. The sooner the money is out of your customers’ hands and into your bank account, the better it is for your business. While some businesses operate solely on […]
