By: Max Newnham Success in business is all about finding a hundred 1 per cent savings and improvements, rather than looking for the one solution that delivers a Tattslotto-like 100 per cent improvement. This focus on looking for improvements covers everything from improvements to profitability, reductions in expenses and maximising tax advantages. One area where many small […]
By: James Harkness New research by MYOB highlighting the financial and emotional toll late customer payments are having on SME owners has prompted the cloud accounting provider to renew calls for federal government and big business to implement a solution. The company’s latest SME Snapshot, revealed 77% of business owners had been impacted by late […]
By: Andrew Watson Small businesses often have specific financing needs and may require funding support to compete in international markets or to fulfil export-related supply chain contracts. For businesses trying to navigate that next growth phase into an overseas market, there are a number of differences between exporting and operating in Australia which will have […]
By: Steve Burnham It’s not mandatory for a business to have an Australian business number (ABN), but there are a few good reasons why you should. Foremost among them will be that without one, your business will probably feel a whole lot poorer than it should.How to get an Australian business number Other businesses that deal […]
By: Matt Goss Visibility into working capital is essential to manage cash flow and ensure a business can remain sustainable, yet research shows that companies frequently miss quarterly working capital forecasts by up to 23%.[1] Organisations must address this inaccuracy as a matter of urgency, as working capital is a measure of the operating liquidity […]
By: Fred Schebesta The financial side of running a business is one many soloists put their heads in the sand about. Here are seven ways you can be more savvy when it comes to managing your business expenses. Being in the online financial comparison space, my passion centres on helping Australians be frugal with their […]
By: Lauren Fried Saying ‘no’ doesn’t come naturally to many, particularly when you have your own business. It’s often tempting to say ‘yes’ to every opportunity that comes your way, in an attempt to drive growth. But knowing when and what to say ‘no’ to, and how to be tactful about it, can actually make […]
By: Kelly Exeter n ten years of business, my definition of ‘success’ has evolved constantly. The definition I’ve gotten to today, however? I reckon it will stand the test of time. Business success. For many people today, those two words tend to conjure up an image of someone lying in a hammock on a tropical island, […]
By: Des Caulfield Monitoring cash flow should be your number one priority if you are a business owner. After all, cash is king. Part of this process involves having careful control of debtors. For anyone that has experienced periods of tight monetary control, you know how critical this is in tough times. Outlined below are key points on […]
By: Alan Manly Entrepreneurs start businesses to solve problems facing customers or to improve the way customer needs are satisfied. In the event that on-hand funding is insufficient to fully realise the potential of their proposed business, an entrepreneur will need to seek assistance from investors. Finding the right financial partner can be challenging. There are key things you […]
