Pre-pandemic seems such a long time ago. We had a set and stable economy, rules in play that we understood and had learned to abide by. In the space of a few short months we now have a new normal which has managed to turn what we have known on its head, writes business strategist… Read more »
Most small businesses have periods of feast and famine, so cash flow highs and lows are common. Fortunately, you can prevent most cash flow problems with foresight and the right strategy. Here are some common cash flow blockages and ways you can solve them. 1. Late payments Overdue payments are the biggest risk to small business… Read more »
Lack of cash is one of the biggest stressors for business owners; but at the end of the day, money is both a fact of business and a part of life, writes Suzzanne Laidlaw business planning specialist. Putting in the learning around money gives you the advantage of being able to adapt quickly in the… Read more »
In his fourth article on helping businesses through the current economic climate, Mackay Goodwin CEO, Domenic Calabretta, looks at ways to manage your cash flow and meet your financial obligations. Many businesses will have calculated their exposure and reviewed ways to save costs and still find that their finances are falling short to maintain a… Read more »
Christmas is thought by many to be a happy time however, many small business owners dread the holiday season as cash flow can become a serious issue, writes Prushka CEO Roger Mendelson. The decline can start mid-December, when you are likely paying your employees Christmas leave, and for some there is even the extra expense… Read more »
While the end of the financial year is an opportune time to review your financial position, when it comes to cash flow management, many small business owners need to be paying more frequent attention. Research recently released by Intuit Australia revealed that Australian small businesses are losing an estimated $5.8 billion1 due to inefficient cash… Read more »
Insufficient cash flow is crippling Australia’s small businesses with close to half of business owners reporting they have been at risk of not meeting payroll obligations in the past twelve months.
While the Christmas period may be an important time for small business to grow their revenue, research from PayPal has revealed the holiday season is also fraught with peril. 44 per cent of small business owners reported to feeling concern around cash flow during the Christmas period. Business owners are also concerned about not being… Read more »
Cash flow is regarded as the oxygen of many businesses but, unfortunately, many small Australian businesses wind up gasping for air as they fold. Figures from Illion (formerly Dun & Bradstreet) indicate poor cash flow management is implicated in 90 per cent of small business demises. On the upside, if you run an SMB, the… Read more »
You’d be hard-pressed to find a small business owner that hasn’t felt the squeeze of the cash flow gap at one point or another. Slow or late payments make it especially tough, as cash flow becomes even more unpredictable. When it comes to running a small business with little to no reserve, it’s imperative that… Read more »
There is nothing more important to the operation of your business than sound financial management. But more than just keeping your business operating, managing money better can improve your profitability, grow your brand and strengthen your customer base. Follow these helpful tips and master your money management skills. Managing business finances is a necessary and… Read more »
Cash flow can make or break your small business. We know, many of you have dipped into your personal savings at stages just to keep your small business afloat. It isn’t ideal. These Kochie’s Business Builder videos will help point you in the right direction to stay on track in 2018. Click play to watch any… Read more »
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