A small business is more than a bottom line for an owner; it is often their heart, soul and passion. By taking the plunge and setting up and running a small business, all your time and energy becomes focused on making your life’s dream a success. However, with all of your energy invested in your […]
The modern business environment is tough, and fraught with challenges that can make or break your business. These days, it’s not enough to simply offer a quality service or product. The characteristics that set aside successful modern businesses are simple – agility and innovation. The ability to react quickly to opportunities is paramount to the ongoing […]
Australian SMEs and start-ups are increasingly taking advantage of the changing global economy and importing goods that may not be available locally or can be produced at a cheaper price overseas. While importing can be an excellent way to grow your business and keep production costs to a minimum, it is important for SMEs to […]
Cash flow is usually the single greatest challenge that small, growing companies face. Businesses may possess full order books and command plenty of sales but may be starved of liquidity one day to the next, for payroll and payments that come due. While obtaining credit is an option, it isn’t usually easy to come by, […]
Having a pool of regular, paying customers is a huge boon in business but it’s by no means a guarantee of healthy cash flow – without question, the lifeblood of every organisation. As the general manager of InstallEx – an installation and constructions services provider with national clientele – Jeremy Turner knows that optimal working […]
The vast majority of small business owners in Australia are navigating tough conditions with little or no support. While they know their business better than anyone, often they fail to tend to certain nagging issues because, well, they’re too busy; instead, they choose to reassure themselves their business model is strong and push on. If you are one of […]
Every day millions of men and women are left asking the question “how can I get out of debt?” or “will I ever to be able to get out of debt?” Well, it is certainly possible to get out of debt, but the overwhelming majority of men and women either look down the wrong roads […]
Many trucking companies choose to use freight factoring services. But what does this service involve, and why is it so popular? Here’s a guide to what freight factoring is and how it can help you so you can make an informed decision about whether to use it for your own company. What Is Freight Factoring? […]
SMEs are far more punctual in paying invoices issued by corporates than those issues by other SMEs, a leading commercial credit reporting bureau has revealed. The latest quarterly risk review of CreditorWatch – an analysis of payment data sourced from over 40,000 active customers – shows SMES take, on average, nearly two weeks longer to […]
During the ‘silly season’ it can be easy for expenses to get out of control. Employees are starting to relax and may feel comfortable claiming team lunches or other entertainment expenses back from the business. At the same time, Christmas is a time for giving; many organisations buy gifts at the end of the year […]
