#Debt
Renovation loans, debt roll-ups, and the Bank of Mum and Dad: the March credit data explained
From 56-year-olds consolidating debt to first home buyers leaning on Mum and Dad, March credit trends reveal a lot about what’s coming. Here’s the SME read-between-the-lines version.
Securing your SME’s future through capital
The mantra of many successful entrepreneurs is the idea that you must spend money to make money. It is also one of the biggest reasons that some people fail to act on their business aspirations, because they believe that they don’t have the money required to take their business to the next level. I believe […]
How a debt detox could help your small to medium business in the new financial year
Many SMB owners think that that debt management is frustrating, repetitive and even awkward, but it doesn’t have to be. When approached with professionalism and a clear plan of attack, the right debt strategy could save weeks’ worth of work per year, while also doubling or tripling working capital. So, why isn’t everyone doing a […]
Why banks are rejecting small business loans
When it comes to acquiring finance for your business either to get started or expand, traditionally banks have been the popular option; however, with more than half of SME loan applications being rejected by banks every year, banks are proving to be yet another hurdle for small businesses. Whether it is to fund start-up costs, […]
Keeping a tight leash will discipline debtors
While it’s a vital part of good cashflow management, chasing late payments is not something that most business owners enjoy. What can you do to get your clients to pay on time? And what can you do when you’re stuck with a customer who won’t settle their debt? Prevention is cure The first way to […]
Credit card holders in debt ’til 2037
While credit card use has slowed down, many Aussie credit card holders are holding onto their debt. RateCity predicts it could take over 24 years to pay off current debts.
Prepare your business for 2013
Despite continued global economic volatility and a slowdown in China, the Australian economy is performing relatively well compared to other developed nations.
How to get out of credit card debt
No one is immune to the risks of accumulating credit card debt. Here are some tips for paying off your cards as soon as possible.
Diligence key to avoiding bad debt
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
More savings but more debt for Gen Y
Generation Y has excellent saving skills but more debt than ever before, according to new research by REST Industry Super.
Businesses warned following bad debt spike
Figures recently released by National Credit Insurance (Brokers) showed that the number of bad debt claims in February 2011 is almost 80% higher than claims for the previous month. The spike has caused cash flow finance specialist Oxford Funding to warn businesses to keep an eye on their debtors.
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!
How to optimise working capital for your business
2011 has begun with the same uncertainty we saw in the last quarter of 2010. Market reports on business performance continue to contradict each other, the economy persists to operate at two distinct speeds and consumer spending remains tepid.
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.
Beware: the 10 scams of Christmas
Christmas is a hectic time for small business owners – with scammers looking to take advantage of tired and stressed people during the festive season.
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.
Do credit cards reward small business?
Credit card holders have long been seduced by the lure of a free toaster, frequent flyer miles or cash back — and small businesses are no exception, with many using personal credit cards for regular business expenses.
Steps to manage your cash flow
Improving your finances is about more than just getting more clients or more sales across the line. In some cases, growth can actually elicit problems in the business, especially if cash flow management isn’t regulated. Christine Christian takes us through simple steps to help manage cash flow and mitigate risk. Cash flow is the lifeblood […]