Australia’s Best-Kept Cash Flow Secret
Video Transcript The use of invoice finance as an effective business funding solution is growing year on year around the globe. While increasing at a rapid rate internationally invoice finance has not had the same penetration in the Australian business funding market. Invoice finance accounts for about 4% of Australia’s GDP, compared to over […]
How to Protect Your Cash Flow and Plan Ahead for Business Success
Regardless of the business or industry, growing sales while limiting expenses may not the be-all and end-all many think it is. While striving to improve profits is an important goal, cash flow is often a better measure of business success. Profit is an essential accounting measure however, it is cash that pays the bills. The […]
Will Invoice Finance Make My Business Look Weak?
Video Transcript The use of the invoice finance is NOT a sign to your customers that you are struggling financially or doing it tough. In fact, invoice financing arrangements are increasingly common and viewed favourably by large customers. as they have the assurance that your business has the access to cash you’ll need to […]
Will My Clients Know I’m Using Invoice Finance?
Video Transcript Yes, your customers will know that you’re receiving funding against the invoices you’ve issued to them as they will be asked to verify the invoices. However, invoice finance has become such an accepted part of commercial business these days that it won’t be unusual to them. With thousands of Australian businesses turning […]
Why Cash Flow is a Leading Cause of Small Business Failure
Starting a small business is an incredibly exciting thought that most people have thought about doing at some point or another. Australian entrepreneurs are incredibly motivated by the desire for independence, with over 57% (the highest in the world) of all business owners citing it as their reason for starting. Running your own business means […]
Why Invoice Finance is Better than a Business Loan
Video Transcript Invoice finance carries many advantages over a business loan. As a revolving facility based on the value of the sales, with no fixed repayment period, you have the flexibility to draw down and use the facility only as required by your cash flow demands. There are no fixed fees, such as upfront […]
Identifying Key Business Risks Can Help Avoid Business Failure
Every type of business faces risks, many of which can lead to an erosion of profitability, changes in the operating model or even bankruptcy. As a business owner, you know that running a successful company takes a lot of work. These efforts can pay off handsomely, bringing in customers, profits, community engagement and the satisfaction […]
These 7 Strategies Will Help Stabilise and Grow Your Business During Tough Times
Operating a small to medium enterprise (SME) is a challenging task, even when the economy is doing well. According to data from the Australian Bureau of Statistics, over 60 per cent of small businesses stop their operations within three years, with a far higher number failing to last the length of a typical economic cycle. […]
Will Invoice Finance Work for My Business
Video Transcript Yes, invoice finance will work for your business if your business satisfies the following criteria and you might well find invoice finance is an excellent solution for your business. Criteria one, your customers are other businesses, in other words, you’re doing B2B transactions. Two, you have more than one customer. Three, you […]
4 Business Challenges for Small & Medium Businesses and How Having Sufficient Working Capital Will Help
Operating a small to medium business (SME) can be a highly rewarding experience. With your hands on the pulse, there is never a shortage of action. However, such responsibility also brings a unique set of challenges and priorities. Without the backing of a larger organisational structure or various forms of funding, financial challenges tend to […]