#Business Finance
COVID-19 deep clean rebate for Victorian businesses
The Victorian Government is offering support for businesses by covering up to 80 per cent of the costs for a professional workplace clean.
Frequently asked questions about short-term finance
You should never take out any type of loan without knowing everything about it. Here are the common questions about short-term finance that you need the answers for. You have a lot of options available to you when it comes to financing. For example, Max Funding, one of the leading non-bank lender in Australia offers […]
The truth about cash flow- can your business handle it?
Whether you are starting out or your business has been established for many years, maintaining appropriate cash flow is a critical success factor. Here are some home truths when seeking business finance that once accepted will allow you to better understand and preserve your cash for the time you need it most. Rates are less […]
Your business deserves more than a bean counter: Find a CPA that will help you thrive
Confusing isn’t it? Financial planning isn’t something most businesses know how to do well. But, a CPA can be a great addition to your team – keeping you out of legal and financial hot water. Here’s how to hire a bean counter that you can count on. Why You’d Want To Hire One There are […]
Manufacturing musts: adding machines to your business operations
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 […]
Redefining the traditional business model: How leading the industry in change has lead this start-up to success
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. […]
What does the year ahead hold for Australian SME exporters?
After a year in which the world economy experienced heightened volatility and global growth slowed, there has been a positive shift in opportunities ahead for SME exporters. Trade is still growing, albeit at a slower pace than before the global financial crisis (GFC). After relatively modest growth of 2.6 per cent last year, Efic expects […]
How start-ups can accelerate growth
Startups and small businesses play a vital role in Australia’s economy. According to the Australian Bureau of Statistics, SMBs make up 96 per cent of all Australian businesses. As a former small business owner and now an executive who works closely with startups and small businesses, it’s been encouraging to see the Government support Australia’s […]
A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations
Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a […]
7 Survival tips to avoid common business mistakes
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 […]
Unlocking your business growth with sticky revenue
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 […]
The best internal collection practices for your small business
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 […]
5 Common accounting mistakes you should always avoid
Accounting mistakes can cause great damage to a small business, such as yours, and totter it to its foundation. Sadly, accounting errors and fails are rather common, particularly in newly founded companies. In this article, we have gathered 5 of the most common accounting mistakes characterising small businesses based on data given to us by […]
Five tips to get great truck finance for business
Some businesses rise and fall on the backs of trucks. Whether you’re shipping or receiving products of your own, on behalf of other businesses or need a truck to help you ply your trade (concrete mixers or cranes for example) it pays to get a great deal on truck finance. Here are top 5 tips […]
5 steps to delivering on the philosophy of client first, money second
Why do you own a business and work those incredibly long days and sleepless nights? I’ll take an educated guess and say the main reason is money driven; the means to an end that is a (more than) comfortable lifestyle. For many, this includes providing the very best for their nearest and dearest. In order […]
Spring clean your finances in 6 steps
As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
EOFY: Should you prepay private health insurance?
Private health insurance – to prepay or not prepay? This seems to be the question of the week, and although it appears more of a personal finance issue, your decision could impact the funds you have available for re-investing into your business.
Three business benefits of entering a novated lease
Analysing the benefits of some products and services can be difficult. To the newcomer, comparing the benefits of a novated lease agreement can seem impossible. Use this list of three benefits to decide whether a novated lease is right for your business.
Cloud accounting 101: Three reasons to get on board
Accounting software with a cloud component enables data to be stored securely offsite – usually on servers managed by a cloud provider – and accessed remotely anywhere and anytime via the internet. Here are three more good reasons SMBs should embrace the technology.
Squeezing business benefits from Frequent Flyer Points: How to
It’s nice to enjoy a few perks when you have a successful business, and a Platinum credit card can help you treat yourself to the little luxuries you work so hard for. It is important to consider though, if those treats eat into your profits, especially during a time when every dollar counts.
Why every entrepreneur needs a mortgage broker
Legislative changes over the last few years to protect borrowers have made life easier for some and harder for others. While many borrowers now enjoy higher levels of protection, borrowing can now be harder for self-employed entrepreneurs.
Novated leases: The evolution of the company car
As sourcing business finance gets more difficult, a greater number of employers and employees are agreeing that novated leases work better for them than company cars do.
Expert tips for appearing more attractive to the banks
Seeking finance can be a daunting task, even for the most confident business owner. With careful planning and a clear view of what the banks are looking for, however, the burden of obtaining finance can be greatly reduced.
How to get a better business banking deal
Intense competition between the banks is making it easier to get the best banking deal and loan terms for your business.