Tag: Finance

Gold Coast entrepreneur Dan Murray was just 17 when he started Sly Underwear. He tells how the burgeoning business came together with a little help from his friends.

Low-doc loans are making a comeback and they could be just the funding solution small businesses have been looking for.

With the number of insolvencies continuing to rise among both small and large businesses, distressed companies must rethink their strategies towards banks and the Australian Taxation Office (ATO) by conducting their negotiations in a conciliatory rather than a hostile or aggressive manner, according to PKF chartered accountants and business advisers.

Business owners often find themselves drowning in paperwork and tax time just adds to the burden. There’s always so much to consider including what you’re eligible to claim and ways to maximise your business’ end of year profits.

So what strategies can you implement now to help the business in the future? How do you improve your position now?

Veda Advantage’s Business Credit Demand Index, released today, shows demand for business credit among small business is down 7.3 percent in the December quarter over 2009.

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!

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.

I used to have the cleanest office in the world when I had a horrible or uncomfortable task to do. It was always easier to scrub the floors than it was to address a problem, or an elephant, in my business. However, by allowing our businesses to work around a big elephant in the room we are losing money.

Stress testing your business before disaster strikes will help you avoid failure. Even if your business is not directly impacted by disaster, changing market conditions or your relationships with businesses that are directly impacted can seriously hurt your business.