Cashflow
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
With the increasing number of debt financing alternatives available to small and medium sized businesses, should businesses be bypassing the major banks and going to straight to these alternative lenders and platforms? For some businesses the answer will be yes though there are a number of considerations that must be weighed up in deciding who […]
After spending years getting yourself up and running, working on sales and the front end, it’s likely that the back end – accounting practices and accounts receivable – have been somewhat forgotten. With more and more companies defaulting on payments, going into administration and getting wound up by the ATO, now more than ever is the […]
Here is some must-know advice for Australians who find tax a handful and want to put more money back in their pocket. Tax time is great for one thing: the money you get might back from the Australian Taxation Office. The process itself isn’t always a joyride, and while everyone wants to know how they […]
June 30 always seems to sneak up on us doesn’t it? There’s a lot involved in preparing your business documentation for the end of financial year. If you are a small business, it is highly likely that you need to do everything to manage your business, from administration, marketing to bookkeeping. Business is running well […]
Systems and process set you free. This is hard to imagine for most startup businesses as they cope with the chaos of a little bit of success, rushing from urgent to urgent, forgetting that if they worked on a process then perhaps the issue could be solved. Shark Tank Australia Season 2’s very first pitch […]
CreditSME, a credit scoring and lender match platform, has recently launched in the Australian market and is working with both lenders and borrowers to create a streamlined process for small and medium sized businesses to obtain finance. Partnered with a wide range of lenders, from the major banks to alternative financiers, CreditSME ensures that a suitable financing solution […]
With just nine weeks to go until the federal election, this year’s budget announcement wasn’t the free-for-all that the electorate came accustomed to in budget/election combo in years past. While there were a number of clear losers, small business definitively emerged with a blue ribbon. From July 1 small business will get a tax cut […]
MYOB has rated the Federal Government’s 2016 Budget a 9/10 for its positive impact on Australian Small and Medium sized businesses – saying the initiatives are welcomed but could have gone further and faster. MYOB congratulates the Federal Government on again recognising the power of SMEs in driving the Australian economy especially as it transitions away […]
Calls for the company tax rate to be cut in the budget is a perennial issue, and one that small business inevitably weighs in on. There have been calls for small business to benefit from a lower tax rate for decades. In the three major tax reviews conducted since the early 1970s, (Asprey, Ralph and […]
It’s hard to disagree that the 2015 budget wasn’t a cash cow for small business. Across Australia some two million businesses cashed in on $5.5 billion in tax breaks as the government attempted to stoke the home fires of the economy. The key prize allowed small business to claim basically any item needed for the […]
It’s crazy. You just bought new machines last year. Why are you being asked to buy more? It’s a fact of life though. It seems like when you start spending money, you just can’t stop. But, that doesn’t mean you have to just open up the floodgates and commit financial suicide. Here’s how to get […]
Mixing car finance & home loans isn’t something a traditional mortgage broker would consider. But I’m not your traditional mortgage broker. Off the back of a digital advertising & intelligent investment in technology, I’ve built a business that continues to grow exponentially. The Positive Group is now one of Australia’s fastest growing financial services companies. […]
There are many challenges facing small businesses and, with the New Year well underway, now is a good time to start addressing these head-on in order to build a stronger business. Whether you are a small enterprise just starting out or a mature business looking for additional growth, there is no shortage of challenges that […]
Growing a business is a special talent, part science, part art and doing it well can be one of the most rewarding life experiences. It can also spell financial disaster from which it is very difficult to recover, when things don’t go well. In this article we discuss 5 common mistakes made by businesses. Cash Flow Cash […]
Back in the brick-and-mortar days all any upstart needed to launch a new venture was a bank loan and a bit of gumption. And while the rules of commerce and capital have remained fundamentally the same, there have been seismic shifts in the technological and marketing landscape. That means businesses have to be more forward […]
Starting a business is all about communicating the benefits of your service or product to the appropriate audience. Although fairly straight forward in principle, the complexities of executing this vary for every business. To get up and running, most service businesses begin by undertaking project based work. They tender for a job, set a price […]
This article will focus on the best internal collection practices for your small business. This article assumes your business already has a credit policy in place and a collection policy in place. Also keep in mind that this article is focused on commercial as opposed to consumer collection matters although there are similarities between the […]
The beginning and end of the year represent two extremes of the human condition. As the year draws to an end, we celebrate extravagantly and we spend. Australians are thought to have spent $8.9 billion on Christmas gifts last year. In the New Year, we redeem ourselves with healthy living – we cleanse, we detox and we […]
Setting ambitious growth targets for the new year can ensure you hit the ground running, but the effort could be wasted without the cash flow to fund them. The coming Christmas and New Year break is the perfect time for businesses to assess this year’s results and set priorities and growth targets for 2016. A […]
