As business conditions slow and business costs increase, it’s becoming increasing difficult to rely on earnings growth to improve the bottom line. Check out these simple business cost cutting ideas to improve profit and cash flow. Astute managers are more often looking to unlock the profit opportunity that lies hidden within their businesses costs. After […]
David Bassau, financial entrepreneur and founder of Opportunity International Australia David Bassau’s work in the field of micro finance has given assistance to budding small business entrepreneurs in developing countries. Bassau established Opportunity International Australia in 1971, and the business operates in almost 30 countries (current average loan size: $213). Now retired from the company he […]
Quite simply, Business Process Management (BPM) allows an SME to grow. What most SMEs don’t realise is that BPM and putting business processes in place is extremely important, and perhaps even more critical for them to adopt than larger businesses. Undoubtedly, BPM solutions enable companies to do ‘more with less’ through well-managed processes. We see […]
Evolving consumer demands, a dynamic competitive landscape and the broader economic climate are all issues that can place unforeseen pressures on a small business. Being able to manage, adapt or take advantage of these factors is critical for survival and can help drive success. What lies at the heart of businesses that do succeed are […]
Cash is the lifeblood of a business, so smart management of your debtors is crucial to success. Greg Charlwood, Asia Pacific CEO of global business finance provider, Bibby Financial Services, shares his tips on how to avoid a messy debtors book and better manage your cash flow. Current economic conditions and uncertainty in the market […]
There is a new generation of accountant empowered by new technology, aiming to revolutionise the way you run your business. A lot of businesses are held back because they don‘t receive professional advice from accountants on their financial performance. As important as your BAS or tax return seems the day before it’s due, it’s still […]
As a small business owner, knowing what to look for when choosing an online foreign exchange provider can be tricky, not to mention time consuming and likely scoring pretty low on your to-do list. However, taking an interest in your business’ foreign exchange (FX) requirements is important. FX may be a by-product of your actual […]
Private equity isn’t just for big business. Innovative, growing small and medium businesses are often in need of capital to fund growth, and private equity may be just what you’re looking for. Here’s how you can benefit from bringing in a private equity partner, and how to choose the right one. These days, owners of […]
Remember the promise that computers were going to release us from drudgery? It’s happening at last, in the form of automating crucial but not exactly thrilling business tasks. And, another promise, it’s going to get better! In any business there are some jobs that are simply not interesting, but are essential. Order entry, invoice processing, […]
Rob Lamers explains smart business practices in times of high inflation and rising interest rates. It’s clear, from the Reserve Bank’s recent blunt statement on the need to rein in inflation, that monetary policy will be tighter in the period ahead, leading to further rate rises and a leaner cash economy. In this environment, smarter […]
