Summer is typically a peak time for hospitality small and medium-sized enterprises, as people gather over the festive period and summer break to socialise and celebrate. But MYOB’s most recent anonymised data, representing tens of thousands of transactions, shows little growth YoY in the total cash received by hospitality SMEs between December 2023 and… Read more »
For many small business owners, choosing a payment provider is like going to the mechanic with no knowledge of cars, writes Chris Dahl, Co-CEO, Pin Payments. The plethora of options, technical jargon, and pricing complexities can be overwhelming and difficult to understand. Likewise, payments can consist of differing fees, rates, and options, which people are… Read more »
As a small business owner, your credit score is important and is so much more than just a number on a report. A good credit score can help you unlock financial opportunities, achieve goals and grow your business, writes Angus Sedgwick, CEO of OptiPay. A higher credit score typically translates to lower interest rates… Read more »
On the surface, selecting customer payment methods may seem like a simple process for businesses. After all, providing additional payment options positively impacts performance, operations and customer behaviour – right? asks Luke Fossett, GM of GoCardless ANZ. In some cases, yes, but it’s not always straightforward. Many payment methods are available, and changing your checkout… Read more »
When the Workplace Gender Equality Agency (WGEA) published the gender pay gaps of companies with over a hundred employees for the first time, it was a historic day for Australian women. Nirit Peled-Muntz, Chief People Officer at HiBob shares why the data is so significant and how businesses can move to close the gap. The… Read more »
Managing late payments is an aspect of running a small business that often requires tact and firmness. Through my practice, I’ve observed the impact delayed payments can have on a business’s operational efficiency and financial health. Shalini Nandan -Singh shares some insights and strategies to address this common issue, drawing on her legal perspective… Read more »
Many businesses look to get the best out of their staff by providing benefits and perks over and above their normal salary and wages. Whilst that can be a great way to incentivise staff, there are potential tax consequences that need to be borne in mind. If you provide benefits to your employees, you… Read more »
A free digital masterclass is showing small businesses ways to protect their profit margins while the prices continue to soar. No-one knows better than small business owners exactly how challenging it is right now to keep the lights on and the doors open. In the current economic climate, where rising supply chain costs, labour expenses… Read more »
The global financial payments landscape is experiencing a transformation from classic payment methods to a new era of real-time bank account payments (RTP), also referred to as instant or Immediate Payments (IP), Chris Dahl, Co-CEO, Pin Payments explains the benefits for businesses. Real-time payments enable quicker access to funds, lower costs for online transactions… Read more »
Many small business owners seek finance options. So, what do they need to know to ensure they are doing the right things on their end to go through the process and successfully get funds? 2024 Better Business Awards SA Broker of the Year Jenaya Kennett gives Kiera Elliot-Pickett the lowdown. Navigating the world of… Read more »
Unexpected shifts in how the market is doing can reduce buyer demand, which can mean less money coming in for a business. This can be a problem even for businesses that usually make a lot of money, because when they’re growing quickly, they often have to spend more money too, and this impacts cash… Read more »
The latest data on insolvencies for Australian small business owners is grim. A whopping 133 per cent increase during the first half of the 2024 financial year, writes Angus Sedgwick, CEO of OptiPay There is a cash flow crisis looming, but if you take action, you can avoid it. What’s clear from the numbers… Read more »
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