Tag: Finance

Christmas is a hectic time for small business owners – with scammers looking to take advantage of tired and stressed people during the festive season.

Following the announcement of the appointment of an administrator, a contract of sale has now been entered into for the purchase of the business of the franchisor of the Souvlakihut network.

Interest rates were held at 4.75 percent by the Reserve Bank of Australia on the back of rising concerns about the European sovereign debt crisis despite wage pressures from the shortage of skilled labour on the back of a 33.2 percent increase in job ads over the last year.

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.

I get that “Mum and Dad homeowner” are an important segment and a huge proportion of society, but why don’t hear commentators discussing the impact on “Mum and Dad business owners”?

Small businesses are urged to start preparing for the Christmas shutdown period now to avoid traditional post-Christmas cash flow shortages that are often to blame for a spike in insolvencies in February.

Dreamy Donuts is cashing in on the closure of 21 Krispy Kreme stores, with the franchise brand celebrating its fifth birthday by accepting Krispy Kreme vouchers at all of its stores in Australia and New Zealand.

As a small business owner you would understand the accumulative effect of every dollar. If your business were to save $5 each working day (assuming you work 250 days a year), it will have saved $1,250 – enough for a new laptop.

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.

Krispy Kreme Doughnuts has entered voluntary administration, with the Australian arm of the American doughnut giant placed into the hands of Sydney accounting firm Smith Hancock.