Small to medium sized businesses (SMEs) are urged to strengthen their cash flow position now to lessen the risk of liquidity or financial distress, especially after the Australian Tax Office (ATO) is taking a tougher approach to collect outstanding tax debt.
In new figures released by the National Credit Insurance Brokers (NCI) claims received by bad debts in June 2010 were 44 percent higher than the 2004 – 2009 average over the same period.
Employees are better off working for small companies in Australia, who passed on an average salary increase of 4.3 percent – significantly higher than the 3.7 percent average increases recorded for large companies.
The outlook for Australia’s economy might be improving, but there appears to be no end in sight to the cash flow pressures hitting most SMEs, with a higher than average number of debtors defaulting on what they owe due to insolvency, said cash flow finance specialist, Oxford Funding.
Business Growth, Sales & Marketing and Cashflow & Capital Raising – Tuesday 23 March 2010 Sydney (9am – 2pm) This interactive half day seminar will enable SME owners, advisors, government and the business community to collaborate and devise “real” solutions to manage the key SME issues of business growth, sales & marketing and cashflow & […]
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.
Fast-paced SMEs pride themselves on their ability to outwit and outsmart big business but the reality is, corporates continue to dominate many markets in terms of sales. How do they do it and what can you learn from it? SMEs often believe they can innovate, respond quicker and offer personal service that the bureaucratic and […]
Despite the turbulence created by the global financial crisis, it remains smooth sailing for business growth across Australia. In 2008, there were 1668610 registered companies, according to the Australian Securities and Investment Commission (ASIC). That’s nearly 67000 more than at year’s end 2007. While there are plenty of reasons to start a company, there’s almost […]
Caroline Siler, founder of Melbourne-based boutique agency, Keep Left PR gives her entrepreneurial insight on how she came to provide a service SMEs can afford. “I’m going out on my own. Would you like to come on board as my first client?” It’s the question that defines entrepreneurs as those who take their destiny into […]
With SaaS software on the increase in Australia, now has never been a better time for SMEs to embrace new technology in the wake of the current financial crisis. So what is SaaS and how can it help your business? Quite simply, SaaS, pronounced ‘Sass,’ stands for Software as a Service. SaaS is an on-demand, […]
