How Much Should Business Owners Pay Themselves?
The question of how much a business owner should pay themselves hit the headlines in Australia recently. For established SMEs, suitable business funding and healthy cashflow are the keys to happy earnings. Boost Juice founder Janine Allis recently told SmartCompany that “the smartest thing you can do as a new business owner is put your […]
How to Cut Costs and Make Your Business Better!
When concentrating on growth and realising their business vision, most entrepreneurs tend to focus on sales. But there comes a point where you will want to make your business as profitable as possible, either in advance of your exit, or because you want to reap the rewards of what you’ve built. At this point, it […]
A BIG Business solution utilised by a small business with exciting results
Our new client is a small but fast growing business in the corporate Promotional Products sector. They have operated their profitable promotional items business for five years with great success. They want to grow and are pitching for larger corporate accounts with great success, but are faced the following problems: 1.…Limited asset security (it’s an […]
Considering making redundancies? There are usually better options
When an entrepreneur starts or takes over a business, they naturally envisage a growth trajectory that creates employment. However, just as one of the most satisfying aspects of running a business can be the benefit it brings to others in the community, one of the toughest decisions an owner can face is the need to […]
Seven Advantages of Invoice Financing
Success in business is often determined by: The careful management of cash. Maintaining healthy cash flow is a challenge faced by growing businesses in every industry that trade with clients on credit terms . One of the key factors that determine whether a business can keep growing and fulfilling orders is ensuring that there is […]
Cash Flow Vs Profit: Which Is More Essential?
If a business is highly profitable, but has no cash, then cash flow is the priority. An example is where a business is making profit each month, but the owner has no cash to pay the weekly wages bill. How can this be? In this instance, it’s quickly apparent that the business is owed a […]
Debtor / Invoice Financing: A Great Solution for Working Capital
Having a great product, committed staff and plenty of eager customers often isn’t enough for a small business to grow. Working capital is essential to grow but can be hard to maintain, especially if the owner’s assets are limited and he/she is unable to fund it personally. What if it were possible for a growing […]
Coping with the Dangerous Dream of Big Orders
For many small or medium-sized business, landing a contract that significantly increases their turnover sounds like a dream come true. However, large one-off or additional orders can be very problematic if you’re not used to them. They can even kill your business off, if you’re not careful due to the lack of immediate cash within […]
Tips for Cash Flow forecasting
Cash is the lifeblood of any business, particularly for small enterprises and high growth start-ups. It’s easy to get hung up on profit but there’s great danger of business owners not putting enough focus on cash flow. Having accurate cash flow forecasts in place can help you foresee potential problems which may arise in the […]
Managing protracted disputes
As a small business owner or manager, the last thing you want is to get stuck in a dispute. Whether it’s over payment of an invoice; the quality of a supplier’s product; or an issue involving your staff; disputes are inevitably costly in terms of time and money. However, it’s important to understand that occasional […]