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 […]
How Invoice Finance is Driving Australian SME Growth – Now and into the Future
Small business is the backbone of the Australian economy. According to government figures, SMEs account for a full third of gross domestic product, employ over 40% of the workforce, and contribute 12% of commercial tax receipts across the country*. But there’s a growing problem concealed behind this picture of health. Cash flow is an increasingly […]
Invoice Finance Can Help Businesses Going Through a Rough Patch
As a business owner, admitting that your business is struggling can be the hardest thing, but if your business really is in danger – or is going backwards in anyway – it’s essential that you assess the situation rationally. There is almost always a solution if you know where to look. Two of the key […]
Planning for Growth in a Wholesale Business
If you have established a wholesale business and intend to grow it to the next stage, you need to plan carefully in order to ensure you don’t endanger what you have built so far. That means getting suitable business finance in place and making sure that your supply chain, staff and systems can cope with […]
Manage Seasonal Fluctuations with Cash Flow Finance
If your business had exactly the same revenues and costs each month, managing cash flow would be easy. Of course this is never the case, and the fact sales tend to spike at certain times of year and dip during others is a major cause of working capital pressures for small and medium-sized businesses. Many […]
How to Protect Your SME from Cyberattack
Cybercrime is a bigger threat than ever, and small and medium enterprises are right in the firing line. This is because many SME owners don’t take cybersecurity seriously until it’s too late – even though a single breach can destroy the business they have worked so hard over the years to build. According to the […]
How Outsourcing Can Alleviate Stress During a Business’ Growth Phase
As a small business owner, the process of scaling up your company in order to grow can be stressful, and sometimes counter-productive. Hiring and training staff, buying more equipment and finding larger premises not only takes up a lot of your time and energy, they are also expensive. It can take years for these investments […]
5 Tips for Smooth Invoicing
Invoicing is a small but crucial step in the process of supplying a business customer with your goods or services, but unfortunately it is one that many businesses get wrong. Most of the time this just leads to occasional embarrassment, a missed relationship-building opportunity or minor delays in getting paid, However, bad invoicing practices also […]