Letter of Credit vs Bank Guarantee – What’s the Difference?
Finance is undoubtedly not the easiest subject to understand, even for those who’ve been in the industry for years. As a business owner or leader, getting your head around financial tools at your disposal is essential to making sure you have suitable systems and providers in place to accomplish your organisation’s goals. Large corporations have […]
Invoice Finance is Driving the Growth of Australian Businesses
SMEs are engines of economic growth in Australia as the sector contributes significantly to the country’s market and employment. According to Australia’s Bureau of Statistics (ABS), 99.8% of businesses in Australia (by count) are small to medium-sized enterprises. For SMEs to continue to thrive, they must have the cash flow to continue their operations. The […]
What Should Your Next Steps Be After Securing an Invoice Finance Facility?
Invoice finance is an excellent tool for growing businesses to free up cash flow to improve your small to medium enterprise (SME). You’ve gone through the process of applying for a facility or are seriously considering it, and you’ll soon have the cash you need. The good news is that the application process was probably […]
Ways to Grow Your Small Business on a Tight Budget
It’s quite challenging to keep a business going when you’re on a tight budget, but it can be done. Small business owners are working in a harsh environment. That’s why planning is always a crucial part of any organisation, big or small. Growth isn’t easy, and there is no pressure to get everything right straight […]
Vital Industries That Love Invoice Finance
As the economy rebounds from the impacts of COVID-19, we are seeing the outstanding opportunities presented from accelerated technology adoption and new ways of working. Financing is a hot topic, given the banks limited capacity to lend to businesses as well as the rise of online lenders and new product lines. One increasingly popular financing […]
Winning in Business: How to Beat Your Rivals in Small Business
Competition is healthy for your business. It motivates you to become better, pushing you to innovate and change your “old” strategies to new ones so you can stay ahead of the curve. Yet beating the competition is easier said than done. There’s no simple answer or solution on how to beat business rivalry. It is […]
Six Common Accounting Mistakes Small Businesses Make
Accounting is one of the most critical cogs of business, yet many business owners view it as a chore and not an opportunity. Consequently, they either put off or absolutely hate it, to varying degrees of negative consequences. You need to stay on top of your accounting whether you have someone in-house to do it […]
Improve Your Credit Score With These Simple Tips
Having a solid credit score is often overlooked. No matter your situation, having a great score is an asset to your business and personal finances. Financiers use credit scores to assess your ability to repay your debts based on your history. Therefore, you’ll need to have taken out a form of credit at some point […]
Are You Being Scammed? Six Ways To Avoid a Cybersecurity Disaster
Cybersecurity has become an exploding industry as digital threats continue to increase. Everyone is a potential target, especially businesses with highly digitised and valuable online operations and systems. Malicious online crime is lucrative for scammers, with the average cost of cybercrime to a company in Australia being $276,000 according to the Australian Cybercrime Online Reporting […]
Six Tips to Better Manage Business Debt
There are a lot of factors to consider when managing a business of any size. Leaders of small to medium enterprises (SMEs) generally take a more hands-on approach to a broader range of responsibilities, with less expertise in each. Not every small business owner is well-versed in finance, and yet it is one of the […]