Tag: Cash Flow

The silly season may be switching into gear, but with the increased costs on both businesses and consumers alike, SMEs must ensure they have a plan of attack at the ready.

Some entrepreneurs have a knack for innovative business ideas, but lack the key management skills needed to get their idea off the ground and turn it into a viable reality. The truth is that entrepreneurs will be forced to learn this skill or, alternatively, they will need to employ someone to do it. The day-to-day […]

Companies fail essentially due to poor management, poor financial control and in some cases fraud. What chance do small businesses have to avoid financial failure or mediocrity?

Sometimes, business has a short memory. As we already near the end of January, we’re embracing the New Year we’re renewed vigour and vitality.

It’s clear that not everyone who starts a business has the same level of accounting knowledge. For some the idea of managing numbers is overwhelming, while for others they may have studied accounting at university.

In the film Wall Street, Gordon Gecko said, “Money never sleeps”, and this quote never rings truer than in the world of international trade.

Time is running out for small businesses to take advantage of the current small asset write off threshold before changes come into effect from 1 January 2014.

Go back just a few years, and using the term ‘crowdfunding’ would have received some very blank stares. For Danae Ringelmann, co-founder of Indiegogo, crowdfunding represents a democratisation of access to capital.

With insolvency rates at a record high, how SMEs manage their cash flow will have a major impact on their business survival. Here are 4 tips on improving your cash flow.

Craig Pisani is a retail expert at leading audit, tax and advisory firm, BDO. In his guest blog post, Craig lists his top ten tips for SME success in 2013.