reinvent
Features

Reinventing your business beyond COVID-19

- June 10, 2020 3 MIN READ

For many small business owners, continuing to do business as we recover from the effects of COVID-19-related restrictions will require fresh thinking and reinvention, writes Tony Wall, Head of Design at Intuit QuickBooks Australia. The challenge of deciding what’s worth keeping, what’s worth changing and what’s worth throwing out entirely can seem daunting. We use… Read more »

Finance

Report finds small businesses making big sacrifices

- December 7, 2018 2 MIN READ

Research by small business lender Prospa has found small business owners are sacrificing health and well being as they struggle to make time to relax due to business pressures. One in four business owners reported working seven days a week to keep their business afloat. While three quarters suggest running their business impacts their ability… Read more »

News

Businesses leave suppliers $8 billion in the red

- March 28, 2017 2 MIN READ

Mid-sized Australian businesses owe $8 billion in outstanding payments to suppliers, with more than $2 billion currently overdue, according to new research released by American Express. Here are 9 key findings: Issue of late payments Late payment is not only an issue in the highest ranks of enterprise, but found within the mid-market. Invoices 30% of mid-sized… Read more »

News

Late payment causing major strain

- March 27, 2017 4 MIN READ

A survey of more than 500 Australian small business owners  and managers found nearly four in five (79%) of those polled support a government-backed policy to shorten the time it takes big businesses to pay small businesses. Late payments can cause major strain on small businesses, who are unable to hire more people, purchase more… Read more »

Features

What wage should I take from my business?

- March 24, 2017 2 MIN READ

When engaging new business clients this very issue is one that gets reviewed straight off the bat. So, how do I best advise small business owners to maximise cashflow, minimise tax and draw a wage all at the same time? Just as you personally need cash to put food on the table and pay the… Read more »

Resources

Chasing debts: what are my options?

- January 23, 2017 3 MIN READ

Cashflow is the lifeblood of any small business and slow paying debtors are a common frustration that cause undue stress. This is something I see all the time and it is the low hanging fruit of improving your business cashflow. It just takes a little discipline. If your terms of business are say 30 days (meaning a… Read more »

Business Basics

Worried about irregular holiday trade?

- December 22, 2016 3 MIN READ

The end of the calendar year brings warm weather, Christmas celebrations, school holidays and seasonal cashflow. A little Christmas time cashflow planning now, even just an awareness, could help get you through without any surprises. Service based businesses such as lawyers and real estate agents experience a slowing of revenue in the Christmas period as Australian’s generally… Read more »