Attaché Software have released a new publication entitled ‘Bullet Proof your Business: Debtor Reduction Strategies’ to help businesses reduce the impact of outstanding debts and increase working capital. The publication is available to businesses free of change and comes with a Debtors Ready Reckoner chart to help businesses evaluate outstanding debtor days, along with a […]
With the financial crisis stressing everyone out, and banks declining funding to small business, financial advisory firm Prosperity Advisers are urging SMEs to ‘stress test’ their business.
A recent report commissioned by mobile payment provider Mint Wireless has revealed the frustration currently being felt by small to medium businesses (SMEs) across the country in terms of slow payments, amid a deteriorating economy. The study, which examined the financial management of 1800 Australian SMEs has revealed that almost one in five small businesses […]
Small businesses finding it difficult to attain finance can expect assistance from the Federal Government, says Minister for Small Business Craig Emerson following a roundtable discussion between banks and business groups late last week. If an SME has had an application for credit refused by a financial institution, they will have a second chance to […]
With new technologies making the workforce increasingly mobile, it’s important for small businesses to be able to stay connected wherever they are. Cloud computing allows business owners to do just that, saving time and money, whilst improving productivity. To remain competitive, small businesses need to be available to respond quickly and work together whether in […]
A new survey commissioned by Westpac and conducted by TNS, has found that business women are less optimistic about the economic downturn that their male counterparts. The survey of financial decision makers in small and medium sized businesses found that 60 percent of women are less confident in their ability to successfully manage their business […]
Reports of the death of manufacturing have been greatly exaggerated, believes Ian Murray, executive director of the Australian Institute of Export (AIEx), citing advanced manufacturers Cochlear and Resmed as examples of companies that still produce in Australia, during yesterday’s panel session of the AIEx’s ‘Managing your export business in a turbulent global environment’ conference. Panellist […]
The Commonwealth Bank yesterday announced a funding package designed to support small business growth. The Small Business Investment Package will address small businesses’ short and long term needs, says Ian Narev, head of the bank’s Business and Private Banking division. “There’s a misconception out there that small businesses do not have access to the lending […]
Small businesses are increasingly turning to suburban accounting and legal firms for advice on insolvency and bankruptcy issues as the economic crisis takes hold. A survey conducted by Deloitte of Black Inc. Members (network providing specialist accounting and financial service advice) has found that 80 percent of clients of suburban accounting and legal firms are […]
With the sacking of 1850 Pacific Brands workers, the manufacturing industry is suffering and small businesses are the worst affected according to trade and industry consultant Martin Feil. According to Feil, federal and state manufacturing policy should place more emphasis on small business, as its current focus is on big business. “We’ve got hundreds of […]
