Is Your Business Doing it Tough? Turn it Around with These Financing Options
If your small to medium enterprise (SME) is doing it tough, you’re certainly not alone. According to the latest data from the Australian Bureau of Statistics, almost half of Australian businesses reported a decrease in revenue for the month of July and nearly a third expect the trend to continue throughout August. While it’s a […]
5 Frequent Causes of Cash Flow Issues for Small Businesses
Starting a new small business can be incredibly exciting. However, the odds aren’t in your favour. According to the Australian Treasury, 70% of new small companies had failed or not started operating as intended after three years. Whether your business is new or has been around for a while, successful execution is an ongoing process […]
What Will My Customers Think? Confidential VS Disclosed Invoice Finance
Managing your cash flow and working capital position is one of the most important aspects of running a small to medium business (SME). Whether you are a growing business or currently struggling with stretched payment times from your customers, it is rarely an easy task. Traditional bank financing options such as a business loan or […]
How Payroll Funding Helps Recruitment Agencies Solve Cash Flow Gaps
If you are a growing business, it is more likely than not that cash flow gaps have held you back at some point along your journey. Companies that issue invoices and offer credit terms from 30, 60 or even up to ninety days have to deal with the timing difference between making a sale and […]
Wholesaler? Here’s How to Reduce your Days Sales Outstanding (DSO)
If you want to take your wholesale business to the next level, you will need to offer credit terms to your customers. Offering credit comes with a whole other set of responsibilities, as collecting on this credit in a reasonable timeframe is essential to ensuring your business’s cash flow. Their needs to be a balance […]
A Few Strategies to Manage The Ongoing Collections and Recovery of Outstanding Invoices for Your Business
Running a small to medium business is tough work at the best of times. Monitoring and maintaining sufficient cash flow can be a constant struggle for many small business owners. Cash is required to pay suppliers, wages and bills, as well as fund growth opportunities when they arise. One of the biggest disruptors to cash […]
8 Important Questions to Ask Your Accountant this Financial Year
If you are a small or medium business owner, you probably aren’t in meaningful regular contact with your accountant. Instead, your relationship is occasional, and any communication will be limited to your accountant providing the latest financial statements for your business. The balance sheet and profit and loss statements will be given a glance, but […]
How Different Types of Non-Bank Financial Institutions Can Help Your Business
Almost everyone has heard of a bank – they take deposits and lend out money to consumers and businesses who require funding. While banks are common knowledge, non-bank financial institutions (NBFI) remain less understood. An NBFI is a commercial entity that offers loans and other financial products, yet does not hold a full banking license […]
Cash Flow vs Asset-Based Lending – What are the Differences?
Almost every business will access borrowed capital at some point throughout their lives. No matter what stage your company is at, external funding provides the liquidity you will need to pay your bills, secure new suppliers and market your goods and services to new customers. As you set out to secure funding, whether it is […]
5 Key Metrics to Monitor the Health of Your Business
Video Transcript People elect to be self employed business owners for a variety of reasons. Some inherit a family business, others may have a passion that they want to turn into a business such as a fitness training business, others just might want to work for themselves and not have a boss, whilst others […]