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 […]
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 […]
The Payment Times Reporting Bill aims to address late payments and the consequential struggle with cash flow, which is an ongoing problem for Australia’s 3.4 million small businesses, with the negative impacts spreading widely across the broader economy with juggling suppliers. Paying small businesses late creates a back log effect. The Government has been prompted […]
Vouch For You is an online voucher marketplace, connecting businesses of all types with customers by offering prepaid discounted vouchers for goods and services. Created by Jen and Ewen McCloy, husband and wife duo, in a time where businesses need cash flow solutions more than ever. The platform, launched this week, is not a charity […]
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 […]
Prior to the coronavirus crisis and subsequent shutdowns, Australian SMEs were already struggling with cash flow; this is according to new research which shows 52 per cent of business owners had issues with paying themselves. Why were employers so quick to let their staff go when coronavirus came? When the government announced the shutdowns, many […]
Small businesses are pleading to be paid on time, with Ombudsman Kate Carnell urging big businesses not to use the COVID-19 economic downturn as an excuse not to pay up. The reports of big businesses using COVID-19 as an excuse to delay payments to their small business suppliers is disappointing. “Now is the time for […]
There is no question that the hospitality industry has been left in disarray as a result of the current COVID-19 pandemic. One major factor that could balance the scales is a change in the 35% commission rate that UberEats, Deliveroo and Menulog are currently charging. One entrepreneur is paving the way for change, urging these […]
Ask any small business owner what keeps them up at night and they will say cashflow is their top concern. Understandably so, as it plays a pivotal role in a business’ survival. This year has started out rough for all of us. In Australia, we first had to fight through the bushfire crisis, and now […]
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 […]
