5 Ways to Raise Cash for your Business (Without a Bank)
For too long, Australian SMEs needing funds to operate and grow have seen only one option: go to the bank and ask for a business loan. In the years following the financial crisis, many businesses saw that option narrow to zero: as the banks were forced to trim their lending, successful SMEs who didn’t have […]
How is Trump’s Trade War Affecting Australian Business?
The trade war between China and the USA has been building steadily since Donald Trump started imposing tariffs shortly after coming to office. Just yesterday it was reported that, the Blackstone co-founder and C.E.O. Steve Schwarzman who has tried to serve as a bridge between Washington and Beijing, given his close ties to both. But […]
Should Business Owners Worry About a Downturn?
With the Australian economy’s growth rate stalling this summer, many business owners are starting to worry that recession or at least a definite slowdown is just around the corner. This may or may not be the case as there are some encouraging signs that the latest GDP figures are just a dip – but either […]
Invoice Finance vs Business Loans
You are an SME that needs capital to operate and grow: so how should you raise funds?There are many forms of business finance available in Australia today, but we’re going to look at a clear-cut choice between using Invoice Finance, or applying for a business loan. What is best for your business will depend on […]
How to Grow Your Manufacturing Business
Most business owners want to see their business’s grow: they believe in their product and they want to do well for themselves, their workers and community. The problem is knowing how to drive growth without risking what they have already built. For manufacturers in particular, scaling-up can be difficult. Your factory may be at full […]
How to Stay Competitive in the Transport and Logistics Sector
A Forbes Insight Report last year found that the transport and logistics sector is under unprecedented pressure to perform, as both retail and business customers become ever more demanding in their expectations for product deliveries. Of more than 400 senior transportation-focused executives, 65% say the industry is in an era of “profound transformation”. This is […]
Good Finances Can Revolutionise The Way Your Business Works
Does your business work for your finances, or do your finances work for your business? In cash intensive sectors such as wholesale and manufacturing to name just two, the answer to that question is often the difference between smooth running, and a constant cash flow nightmare. A business which is constantly working to keep on […]
3 Common Problems that Keep Owners of Wholesale Businesses Up at Night
Agile and customer-centric approaches drive the core of businesses today. With the rise in internet shopping and the demands by customers wanting their product with minimal delay, wholesale businesses are under increasing pressure to adapt and refine their operations to stay relevant and competitive. With the rising customer expectations and the growing gap between competitors […]
A Labour Hire Firm’s Quick Guide to Managing Finances, Staffing, and Growth
Limited cash flow is the biggest threat to the labour hire industry. You may find that in your labour hire firm, invoices are often delayed. Your business may need to pay contractors weekly or bi-weekly, but your clients pay 30-60+ days after receiving your invoice. Unpaid invoices make it difficult to recruit new talent and […]
How Better Fleet Management Can Optimize Tax and Improve Cash Flow
A fleet provider in the UK did a survey among CFOs in fleet companies to find which KPIs the finance department is most worried about. About 53% of them are concerned about reducing costs, and about 40% think improving cash flow is a major concern. In this article, we want to share how you can […]