New Year’s Tips for Your Business in 2023
Cometh the New Year, cometh the tips for a healthier life, business, relationships and garden. And a few more too. The old adage has it that most resolutions will be abandoned by February 1, but for business owners that might not be the case. There is a real value in taking a new look at […]
Business Funding has Changed – the Options are Much Better Now
Everyone knows that bank lending to small business has been on the decline in the last decade. What is less clear are the causes and effects – and whether business owners themselves even want a bank loan. Recent statistics sight just how most business owners think cash flow finance is better! If the drought in […]
Invoice Finance helps You Relax at Christmas
Are you looking forward to the Christmas break? Or are you, like the majority of small business owners, dreading the effect that the annual hiatus has on your company? If you run a successful business, you should certainly enjoy a well-earned break: With suitable planning and a smart invoice finance plan, you could. The problem […]
How to Banish Bad Debts
Bad debts are a nightmare for small and medium-sized businesses. You put in all the work for an order, incur all the costs – and pay them up front – and then your invoice goes unpaid: in the worst cases, this can put your business in serious financial difficulties. Depending on the size of your […]
Using invoice finance for successful cash-flow management in the manufacturing and fabrication sectors
The manufacturing and fabrication industries face unique challenges when it comes to cash flow, due to traditionally long invoice payment cycles, extended project time frames, and lengthy manufacturing periods. After delivery, a typical payments process can take 60 days or more to be made, so without large cash reserves, businesses in these sectors would find […]
Wholesalers Can Enjoy Peak Season with Cash Flow Finance
Just as the run-up to Christmas is peak season for retailers, so the run-up to the run-up is a bonanza for the wholesalers who supply them. However, as with retailers, this sudden spike in demand can cause a few problems. As a wholesale business owner, you know when peak demand is going to be: it’s […]
Invoice Finance is Helping SMEs to Grow
Despite trade wars, global slowdowns, and a supposed lack of funding, Australian businesses have clocked up an impressive growth streak since the financial crisis. That is just as well, because Small and Medium businesses are the lifeblood of the economy. The Australian government’s own figures illustrate their contribution nicely: between 2013 and 2018, the number […]
The Five Best Services to Outsource for SMEs
Outsourcing can give businesses a chance to grow faster, and provide owners with confidence that they can scale up operations as new orders and customers come in. This is especially true if you target the right kind of services to outsource. We have already looked at how business owners can fast-track their business growth – […]
Asia-Pacific Trade Deal Opens SME Export Opportunities
News from the East Asia Summit in Bangkok that Australia will be joining 14 other nations in a major free trade deal offers exciting prospects for Australian businesses. In stark contrast to fears of an escalating trade war, they can now start thinking of expanding into some of the world’s biggest markets with a minimum […]
RBA Signals Confidence in Australian Business
The Reserve Bank of Australia’s decision to keep interest rates on hold was met with despair in some sections of the business community. However, SMEs have other ways of sparking new growth, and this may actually be what the nation’s central bankers have in mind. The RBA’s November announcement came as a shock to those […]