The Importance of Cash Flow – Why Revenue and Profits Aren’t Everything
One of the most important things when running a small to medium business (SME) is understanding your finances. Cash flow, profit, and revenue are all vital for long-term success, but knowing their differences can help you focus on what is actually the most important. As a business owner or entrepreneur, you might (understandably) be attracted […]
Smart Methods to Grow Your Manufacturing Business
Maintaining a consistent profit across your business is already challenging, let alone the difficulties that arise from growing and upscaling your operations. As you respond to the market’s increasing demand, you must innovate to increase revenue and support the increased size and base of your footprint. Grow your business to expand your expertise, survive and […]
Strategies to Take Your Wholesale Businesses to the Next Level
Want to take your wholesale business to the next level? While the goal for most companies is to grow and prosper, there is a lot to think about in order to achieve it. Levelling up your business is difficult no matter what industry you’re in as it includes planning and execution in the face of […]
5 Ways to Raise Cash Without Banks
Raising funds in any economic climate can be challenging for small to medium enterprises (SME). A traditional bank loan may be your first choice, but it’s not the only option available. Non-traditional lenders offer flexibility which has become increasingly popular for Australian businesses. A survey from Financing SMEs and Entrepreneurs 2020 shows that SMEs are […]
Sustainable Strategies to Get Your Business Through Difficult Times
Keeping your business afloat while facing a challenging time can be difficult to sustain. A long-term plan is essential in building strategies that can cultivate your company’s longevity. Small to medium businesses (SMEs) often need to navigate and adapt to changing conditions throughout their journey. Here are some of the sustainable strategies that can be […]
Practical Strategies to Protect Your SME From Cyberattacks
Whether you’ve had a virus on your home computer or lost an online account to a hacker, we’ve all experienced cyberattacks in some form. Having to reset a personal password is a minor inconvenience, but losing a substantial amount of money or privacy is a much more serious issue. SME’s across the world also experience […]
7 Questions to Ask When Selecting a Debtor Finance Provider
Working capital is needed by all businesses to fund their current operations and pursue growth opportunities as they arise. Most small to medium enterprises (SMEs) will struggle to generate sufficient working capital internally to meet their requirements and instead, turn to external financing to fill the gap. Debtor finance is an increasingly popular option for […]
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 […]