#Creditor
How to survive the Christmas blackout period
The Christmas Blackout period can bring Australian small businesses to a halt as wage bills take priority and payments begin to dry up. With everybody looking to preserve the cash they have available, business to business transactions begin to slow down from November through to February, leaving some business owners scrambling or tying themselves up […]
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, […]
CreditorWatch’s founder on reaching 50,000 customers and lobbying for data transparency
CreditorWatch recorded a 42% increase in its customer base over two years on the way to reaching a major growth milestone, this month: 50,000 customers. Founder and managing director Colin Porter spoke to Dynamic Business about the genesis, success and future of the credit reporting bureau, which launched six years ago. DB: What was your […]
‘Act like a large company’ and other tips to help SMEs avoid the sting of late payments
Last week, the Australian Small Business and Family Enterprise Ombudsman released the findings of the Inquiry into Payment Times and Practices in Australia. The results were startling but, for many small businesses across Australia, they were not surprising. The inquiry revealed almost half of small business are owed more than $20,000 from late payments, and […]
Which legal structure best suits my business?
Choosing a business structure is, well, tricky business. If you are thinking of starting a business, you should first weigh up the pros and cons of each business structure to figure out which one best suits your needs. This is an important step that shouldn’t be overlooked because it affects many aspects of your business […]
Fight back in cashflow battle
Cashflow has once again rated as the chief concern for SMEs in a new report released today.
12 easy ways to improve your cashflow today
While basic cashflow rules may seem tiresome, they are an effective way to ensure your business isn’t burned when your customers hit hard times, here are 12 easy ways to improve your cashflow – today!
Don’t let toxic debt ruin your business
SMEs often aren’t fussy enough about who they deal with in their eagerness to close a sale. But if that customer never pays up, it will end up doing you more harm than good.
Top tips to improve cash flow in 2011
There are many ways for you to improve your cashflow simply by altering your business processes and taking advantage of things such as interest-free days on credit cards where possible.
NSW Attorney General wants to hear about your debt recovery experiences
The Better Regulation Office and the Department of Justice and Attorney General are undertaking a joint review of the debt recovery process in New South Wales and need to hear from NSW businesses.
CreditorWatch exposes bad debtors for small business
CreditorWatch is a new service that lets small business expose clients who have not paid invoices on time and monitor current and potential clients credit ratings to avoid bad debt.
Dynamic Business Expert Panel: Credit
The Dynamic Business panel of leading Australian business experts share their advice on how SMEs can survive in the face of a tight credit market. MATTHEW NOLAN, MD, PROVIDENT CASHFLOW With additional working capital harder to secure, it’s crucial to get every dollar in your business working harder. Use these tips to squeeze the most […]