With Christmas fast approaching, small business owners need to plan for tougher times, with the post-Christmas period the most dangerous period for small business cash flow, warns Roger Mendelson CEO of Prushka Fast Debt Recovery. Business closure over the Christmas and New Year period puts pressure on small business cash flow every year when reduced… Read more »
It’s not long until Christmas and new research from Canstar shows cash-strapped families are concerned that coronavirus uncertainty will put a damper on the festive season. But it doesn’t have to be that way. Canny shoppers are turning to the share economy to save big bucks. The extent to which families have tapped their savings… Read more »
Australian online retailers are about to experience their biggest Christmas in history, as gifting replaces gathering this holiday season. With COVID still lingering and international borders closed, nearly half of the Australian population is planning to shop online this Christmas and get their gifts wrapped and delivered to their loved ones earlier than usual, writes… Read more »
As we approach the end of what’s been an incredibly tough year, many small business owners will be looking forward to a reopened economy, busy trading period, and a fresh start in 2021, writes David Rennex, CEO and co-founder of AI-powered debt recovery platform, DebtForce. With the prospect of a COVID-normal new year not far… Read more »
Sometimes, the best time to get expert advice is when you’re too embarrassed to do it. This is as true about seeing doctors as it is about consulting with your accountant when your finances are a mess. If it’s overwhelming to you, it’s most likely to be salvaged and straightened out with the help of… Read more »
The Morrison government’s safe harbour measures – those preventing businesses from falling into insolvency during the COVID recession – have helped to save thousands of small businesses and potentially millions of jobs over the past nine months. But with government support drawing to a close, small businesses need to ensure they are financially viable by… Read more »
Just as crash diets and getting fit by going to gym once a month does not work, setting aside some money every month without a plan, typically won’t get you to where you need to be financially (or maybe, but not in an ideal timeframe). Having disciplined goals, no matter what the discipline may be,… Read more »
Late payment is crippling small business. With the average small business owner waiting 56 days for payment – it’s a huge burden for small business. Try these practical tips to help ease the cash flow squeeze. Recent research by Scottish Pacific found that on average small business owners have almost a third of their revenue… Read more »
Access to funding has long been an issue for small business, but there is hope on the horizon, writes Kate Carnell, the Australian Small Business and Family Enterprise Ombudsman. In September, Federal Treasurer Josh Frydenberg revealed a plan to overhaul current lending laws aimed at removing onerous barriers to small businesses applying for loans. Since… Read more »
As small business owners look for advice to find a way out of COVID-19 they are frequently turning to accountants and bookkeepers for advice according to research by MYOB. The study found while three in five (61%) of small and medium sized businesses want traditional services such as tax advice and lodgment from their accountant… Read more »
If you want to grow your business, chances are you will need access to finance. But not all finance is created equal. Suppose the thought of putting up your home for security makes you nervous. In that case, we explain the alternative finance options open to business owners. Access to finance is one of the… Read more »
The Australian Government’s JobKeeper scheme has almost done its job and we will see it exit in March 2021. This may see some still wanting as the economy starts its real recovery from the COVID-19 pandemic. Enter stage left, JobMaker, echoing the government’s three-prong objective: Jobs, Jobs and Jobs, writes Wayne Debernardi, general manager public… Read more »
Weekly business news and insights, delivered to your inbox.
