Borrow for Business, Pay Cash for Private

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 […]

November 5, 2016

Late Payments Impacting 3 in 4 Small Businesses

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 […]

November 4, 2016

Steps SMEs Should Take to Secure Export Success

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 […]

November 3, 2016

How to Get an Australian Business Number (Abn)

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 […]

November 2, 2016

Saying ‘no’ Can Help Your Business Thrive

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 […]

October 26, 2016

Ensuring Cash Flow During Good Times and Bad

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 […]

October 24, 2016