#Cash Flow
Let’s Talk: Your guide to healthy cash flow in a downturn
In this week’s edition of Let’s Talk, our experts share proven tactics to maintain cash flow during slowdowns, offering strategies to keep your business strong
How SMEs can avoid the cash-flow crunch
Finance leaders from mid-sized businesses (100 to 999 employees) are known for keeping a watchful eye on nuanced signals and indicators of potential risk. And yet recent results from a survey conducted by Oxford Economics and SAP of small and mid-sized businesses found that roughly half of finance executives from mid-sized businesses cite risk management […]
Settling into FY21 – here are some tactics to boost cash flow
With the new financial year craziness wearing off and we settle into our new normal, now is a good time to rethink your strategies. For this year in particular, it is essential that you do this. It is essential that small businesses are on the ball in thinking creatively. Here are some simple tips to […]
Why JobKeeper creates cash flow issues for businesses
The announcement of the government’s $130 billion JobKeeper Payment scheme was greeted with a sigh of relief for many businesses who are struggling with paying staff wages as part of the financial challenges caused by coronavirus (COVID-19). The scheme supports businesses significantly affected by the coronavirus to help keep more Australians in jobs and is […]
How to manage cash flow, late payments and risk: Patrick Coghlan
Have you ever struggled with cash flow as a result of late payments to your small business? We know this is an ongoing issue for small business owners, and so in today’s podcast that’s really what we are focussed on. We are going through the top tips to achieve a healthy cash flow and healthy […]
8 tips for maintaining cash flow during the festive season
Juggling cash flow is hard at the best of times in small business, but it’s super tricky during the Christmas and New Year period when many businesses close and consumers go on holiday. If you find the silly season a little stressful, you’re not alone. All small business – regardless of industry sector – struggles […]
How SMEs can avoid common financial pitfalls by managing cash flow
Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine highs and are generally left questioning your overall sanity. Trust me I know. In 2008 my brother and I started our business, Credit […]
Let’s Talk: Raising Capital
How to get investors to sit-up and listen. Entrepreneurialism is thriving in Australia and according to Forbes.com 35 per cent of Australian startups are based in Sydney followed by 14 per cent in Melbourne and 9 per cent in Brisbane. So, when it comes to seeking investors, competition is fierce. According to co-founder of BenchOn, Tim […]
A tale of two SMEs: what distinguishes a growing business from a declining one?
What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions […]
SMEs expect no growth at Christmas due to competition… despite inadequate planning
SME operators not only predict a lack of sales over the Christmas retail period, they also expect to be short on spare time, according to MYOB. The cloud accounting provider’s latest SME snapshot reveals that business confidence is down due to the threat of bigger and online retailers entering the market from overseas. The majority […]
Smoke, lasers & storytelling: Vanessa Stoykov on her business success in the finance sector
Over the past two decades, Vanessa Stoykov has carved out a successful career in the finance industry as a storyteller, TV host and entrepreneur. Her first business, Evolution Media Group, has become a multi-million-dollar production house off the back of demand for its educational video content about wealth. Meanwhile, No More Practice – Stoykov’s e-learning […]
7 tips to improve your cash flow
Running a business of any kind — whether it’s a large or small, retail or service — follows the same steps to success. One of these steps involves managing your money by tracking and improving your free cash flow — that free flow of post-financial commitment cash and a key indicator of business success. But if business […]
How to tame the cash flow beast
What one monetary factor can force even a highly profitable business to close its doors? Cash flow. Sneaking up on you without warning, running out of cash is a common killer of businesses. I learnt this lesson the hard way when I was building my first business. Our revenue was growing exponentially, surpassing $1 million, […]
Tricks of the trade: How to keep on top of your cash flow
Whether it’s a side gig or your full-time career, you’ve invested a lot of time (and money) in your business. While you hope that your hard work will pay off, unfortunately many small businesses will suffer from poor cash flow at some point, which can inhibit flexible trading, prevent growth and ultimately lead to a […]
From unfair contract terms to optimism: A VSBC update on Victoria’s small businesses
The Victorian Small Business Commissioner, Judy O’Connell, provided Dynamic Business with insights into the state’s small business sector, including barriers to growth and the need for owners to prioritise mental health, ahead of her appearance at the Vodafone National Small Business Summit on Friday (25 August). DB: What will you be speaking on at the summit? O’Connell: […]
Headed for financial trouble? Spotting the warning signs could make all the difference
Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses don’t make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first, […]
How SMEs can survive an economic downturn
Is Australia heading towards a recession? A combination of factors including rising Australian household debt, the state of the energy market and the fact that Australia hasn’t experienced a recession for 25 years, have led many commentators to speculate that a recession or slow down may be imminent. The good news is that SMEs can […]
Why cash is king for small businesses
The strange thing is you can have a full order book and see that your business is really taking off, but if you don’t have a firm grip on the cash flow situation you could struggle to stay afloat and achieve long-term success. It is important to understand why cash flow matters so much to […]
Using personal funds to launch: pros and cons
Having an idea for a business is the start of what can be a very exciting journey, although in truth it may feel more like a rollercoaster ride at times. In particular, coming up with the funds to get the company off the ground at a time when money is tight can be challenging. Having […]
How a debt detox could help your small to medium business in the new financial year
Many SMB owners think that that debt management is frustrating, repetitive and even awkward, but it doesn’t have to be. When approached with professionalism and a clear plan of attack, the right debt strategy could save weeks’ worth of work per year, while also doubling or tripling working capital. So, why isn’t everyone doing a […]
Debt recovery: what to do and when to do it
Are you struggling to make ends meet? Do some customers take liberties and pay you weeks or months after you finish the work? Do you have a large outstanding debtor balance that just doesn’t seem to reduce? If you answer ‘yes’ to any of these questions then more often than not the answer to your […]
Simple ways to improve cash flow this EOFY
With the end of the financial year almost upon us, now is the time to make the most of your tax planning. If you are like most business owners, chances are you are putting off thinking about your tax until after 30 June. However, you MUST act now. If you wait until after 30 June, […]
Review your industry, socialise (in the real-world) and other ways to get an EOFY leg-up
The phrase ‘tax time’ can all too easily translate to feelings of boredom, dread and uncertainty for the small business owner. There’s the income tax return, BAS, payroll tax, super, and more. However, instead of viewing the annual marker as a time-sapping and difficult box-checking exercise, it should be seen as a spring board to […]
How small to medium business can make the most of Amazon Marketplace in Australia
Australia’s biggest retail players need not fear the imminent rollout of Amazon Marketplace in Australia. This is not the death knell of the status quo; local retail businesses and smaller Aussie brands should be seeing this as a golden opportunity to grow their business. The imminent rollout of Amazon Marketplace in Australia may be seen as the death knell […]