The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]
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, […]
Benchmarking has become an organisational catchphrase in recent years, but there is still room for improvement when it comes to doing it properly. So what is benchmarking and how can it help you to implement successful growth strategies within your business?
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 […]
As Vedior Asia Pacific celebrates 20 years of recruitment in Australia, CEO Debbie Loveridge explains what SMEs can learn from two decades of hiring, particularly in challenging economic times. Prior to 1988, if anyone had offered me a long career in recruitment, I probably would have declined on the spot. Yet part of my curiosity […]
Most SMEs would be familiar with cash flow issues, but exporters in particular need to understand how terms of payment and the time cost of money can affect business growth. Most SME exporters have less available security on their balance sheet, little no equity and find it difficult to get traditional funding from there finance […]
Question I’ve just started my own business selling natural horse care products. I manufacture them myself (at the moment) and am wondering what’s the best way to get them out there into the market and raise my brand profile, so I can grow my business? I usually sell them at horse shows and pony clubs […]
Question: I’m in the wellbeing industry and I am looking to growing my business by taking on more practitioners. I read your articles that talk about getting the processes and systems in place to manage growth, but what do your experts recommend I should be looking at – what are the areas that have been […]
When you’ve been in business for a few years it’s easy to think the most difficult times are over but, as Rob Lamers points out, it’s important to remember business growth should be a long-term goal. Here are some things to watch out for when growing your business. We’re all familiar with the popular adage […]
Client growth is essential to growing your business, but many businesspeople don’t take a strategic view of client growth, and only focus on the acquisition of more and more clients. It costs on average 5-10 times more to source new clients than to work with and keep existing clients. It makes sense to adopt an […]
