Feeling the pinch? We’re all looking for ways to trim budgets and our operating expenses. One pain point that consumers, enterprises and small businesses alike share is energy consumption. If you’re an SMB, your IT systems can have a significant impact on your energy consumption. Here’s how to better manage this.
Life as a small business owner is challenging. Confidence levels have fallen and cashflow remains a key concern. Cashflow is one area in which some simple changes can have a marked benefit. Here are 10 ways to improve how you manage it.
As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
Dynamic Business, as the voice of Australia’s small businesses, is again conducting its Credit and Debt Survey in partnership with CreditorWatch. Every person who completes the survey will go in the running to win one of three annual CreditorWatch subscriptions, valued at over $200.
SMEs need to make better use of their year-end account management figures, as annual accounts act as the most honest critic of a business’ success.
Business confidence is being further battered thanks to a 40 percent rise in business-to-business bad debt claims and increasing payment terms, leading experts to urge SMBs to better manage their cashflow.
As local businesses face continued difficult economic times, an increasing number are seeking online solutions for managing their customer relationships and cashflow – a trend that’s seen software development and direct debit payment processing company Debitsuccess enjoy a 25 percent revenue jump.
Brad Callaughan delivers 5 tips to ensure your cashflow is well-managed in difficult economic times.
“You need to understand the significance of cashflow and how it keeps your operation afloat – it’s a potentially fatal mistake to focus on your profit & loss because healthy profits can mask an impending cashflow crisis.”
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