Warehousing Tips for Wholesalers and Manufacturers
Modern warehouse practices have revolutionised the way some businesses operate, increasing the efficiency of other aspects of the business while simultaneously offering cost savings. Essential for modern e-commerce, the techniques born in this fast-paced area are being borrowed by sectors such as manufacturing and wholesale. For these businesses, the ability to efficiently hold, sort, access […]
Tackling Bad Debts in the Wholesale Trade
As a medium-sized wholesaler, you are likely to have quite a number of customers. This has advantages, but it also increases the likelihood that at some point, one of them won’t pay. In fact, most wholesale business owners who have been trading for a few years will have experienced this. In some cases, persistent chasing […]
Cash Flow: Turning a Problem into a Great Opportunity
Mention ‘cash flow’ to a business owner, and they will likely form a clear word association: ‘Problems’, which may even be uttered out loud. There are good reasons for business leaders to be wary about their cash flow situation: it is the issue most likely to kill off a small or medium-sized enterprise. However, businesses […]
Invoice Payment in 2 Days? How Debtor Finance Can Solve Your Cash Flow Problems
The federal government has made a clear pledge to start paying e-invoices from SME suppliers within 5 days of receipt. Some state governments (but very few at this stage) are following suit, others are being urged to or have their own prompt payment policies. These plans will be welcomed by small business. They show that the […]
Experiment for Expansion: How Businesses Can Reinvigorate Their Growth
At the earliest stage after start-up, most businesses are prepared to try anything in order to grow. Once they become an established SME, however, many owners become conservative. All too often, this holds the business back and prevents it reaching its full potential. Theories for Smart Business Experimentation “Move Fast and Break Things”. “Agile Working”. […]
Manufacturers Need Cash to Grow
Australia has a surprising number of small to medium size manufacturers. The next stage is help more of them to become larger businesses, and for that they will need money to invest. Cash flow financing can help. The manufacturing sector has been thriving for the last decade despite all the problems that the wider economy […]
What is Invoice Finance?
Video Transcript Invoice Finance, also known as receivables finance or debtor finance, allows a business to unlock the cash that they have tied up in their invoices, that they have issued to their customers for goods or services that they have delivered on credit terms. Simply put, it converts current unpaid invoices into cash, […]
How to Grow Your B2B Sales This Year
Sales aren’t everything but let’s face it, they’re pretty damn important to a business. Many business owners will have gone back to work this year determined to find new customers and boost their order book. The question is, how can you do this without spending a fortune on advertising? There are lots of ways a […]
Make Your Business More Sustainable
Recent bouts of extreme weather and now the devastating bushfires that have been sweeping the country have brought the subject of sustainability into sharp focus in Australia. For many businesses, being able to point to some ecological credentials, or at least a road to improvement, is now important from a customer and employee relations point […]
Five Ways to Stop Donating to the Bankers’ Bonus Fund
SME owners across Australia have no doubt been giving generously after it emerged that Australia’s big four banks are down to their last $27bn in annual profits. Of course, businesses repay their business loans to the banks with considerable fees and interest every month. The warnings coming out of this year’s earnings reports and related […]