Tag: Finance

Consumer sentiment dropped by 3.2 per cent during April, hitting 96.2 per cent from the 99.5 registered in March.

A business with good systems in place will know when a cash crunch is coming and will be ready for it. Unfortunately, most SMEs are not as well organised and, when a problem occurs, it tends to hit them right between the eyes.

Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous.

The Reserve Bank of Australia (RBA) has left the cash rate unchanged at 2.25 per cent, while suggesting “further easing of policy” may be needed in the coming months.

The horrendous market performance from oil, Russia’s rouble and bitcoin ensured that they breezed to the dubious position amongst the year’s worst investments.

The report, titled Economic Policy Reforms 2015: Going for Growth, said Australia would see a rise in productivity performance if taxation in the corporate sector was lowered.

The silly season may be switching into gear, but with the increased costs on both businesses and consumers alike, SMEs must ensure they have a plan of attack at the ready.

I’ve been fortunate enough to be my own boss for twenty years. Let me be the first to say that there isn’t a business owner in Australia, nay the world, who hasn’t fought in the battle of obtaining finance.

The September fall of the Aussie dollar of more than 6% in two weeks will bring much needed relief to many businesses who have long struggled with a strong exchange rate. However, spare a thought for importers, for example, who costed the dollar at US90c back in August.

One of the most common issues faced by small businesses is keeping control of the businesses finances and ensuring that the business continues to be profitable.