#Revenue
Let’s Talk: How do I forecast cash flow more accurately when revenue is lumpy?
Irregular income is a common cash flow issue for Australian SMEs, but it’s rarely discussed. This week’s Let’s Talk asks experts how to forecast better when revenue doesn’t come in consistently.
Six ways to keep Costs Down and Revenue Up
With less than three months to financial year end, here’s some big questions to help you prepare before and after 1 July. If you are wondering, like me, where this calendar year has gone, it may be little surprise to you that we are less than three months away from the end of the financial […]
Why do only 2 per cent of female business owners earn over $1 million in revenue?
Did you know that only two per cent of female business owners exceed $1 million in revenue? As a business owner myself, when I found this out recently, I found it absolutely staggering. What that means is that most female entrepreneurs toil away without the big gains. Never really progressing past side hustles, start-ups or […]
Has your business planning outgrown Excel?
Microsoft Excel enjoys global superiority as the go to electronic spreadsheet for financial management and data collation. This status is well deserved as the business application has given in excess of 30 years of admirable and loyal service in helping companies track, forecast, analyse, and manipulate a wide range of business data. Despite its excellent […]
Two in three Victorian startups are exporters
A new report into Victoria’s startup landscape reveals that a majority of ventures are revenue positive within the first two years but are not giving thought to an exit strategy. Commissioned by LaunchVic in collaboration with Startup Victoria and dandolopartners the report – titled Mapping Victoria’s Ecosystem – defines a startup as any business with […]
Financial literacy, not gut feelings, key to female founders scaling past the $1m mark
Women have ‘boundless potential’ to lead multi-million dollar businesses but many are being held back by a lack of financial literacy, says Tanya Titman, the founder of Acceler8 Academy, a growth program for female-led SMEs, and Consolid8, Xero’s 2016 Accounting Partner of the Year. Having assisted over 200 female founders to scale their businesses through […]
A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds
Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]
SMEs pessimistic about economy but start-ups forecast revenue growth: MYOB survey
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]
Unlocking your business growth with sticky revenue
Starting a business is all about communicating the benefits of your service or product to the appropriate audience. Although fairly straight forward in principle, the complexities of executing this vary for every business. To get up and running, most service businesses begin by undertaking project based work. They tender for a job, set a price […]
Cash flow is a whole of business system, not just an invoice and collect system
Remember, you may be invoicing business to business, but there are real people at the other end of the process and their emotions can and will affect how quickly you get paid.
Cloud-savvy SMEs more likely to see revenue rise
Small to medium-sized business operators who embrace cloud computing and business websites were twice as likely to enjoy rising revenue than others in the past 12 months, according to MYOB.
Customer service with a smile a winner for small business
Australia’s small businesses can use exceptional customer service to attract customers away from big businesses, a new survey has found
Australian businesses fail at customer service
Australian consumers are not happy with current standards of customer service, and are not spending as much as a result, a survey released today has found.
Social media generates more online revenue
Australian SMBs using social media as part of their online business strategy have higher revenue returns from their websites, according to a new survey.