Research by Mortgage Choice and Core Data has discovered a third of Australians are feeling defeated by their finances, with 34 per cent of Aussies saying they are embarrassed by their financial habits. The Financial Fitness whitepaper explores Australians’ attitudes and behaviours towards their finances. Close to half of those surveyed (43 per cent) feel… Read more »
One fifth of startups fail in the first year and only 50 per cent of businesses survive after the first five years. There are a number of contributing factors to the success or failure of a business. In particular, finance is an important factor in determining whether or not a business is sustainable in the… Read more »
Small businesses that face cash flow problems or debt recovery issues often can’t continue operating for very long under those conditions. Business failures happen when owners act too late. However, it is possible to reduce the chance of business failure by taking a few simple, risk-reducing steps. Reduce risk as a supplier If a business… Read more »
With all the responsibilities small business owners have, it’s easy to overlook work deductions that could have a huge impact on reducing your taxes. Research from cloud accounting firm Xero reveals 40 per cent of Australian small business owners are unclear what expenses qualify for tax breaks. It’s not surprising given that eligible deductions can… Read more »
No-one ever wants go declare bankruptcy – particularly when you are running a small business. So, how does it work exactly?` When a person is in debt, they can be declared bankrupt. There are two ways this can happen: a person can declare themselves bankrupt or a person’s creditors can apply to court to have the… Read more »
Small businesses are being urged to start preparing for the annual Christmas slowdown now.
New research from MYOB has found a majority of Australian small business operators experience both business impacts and personal challenges due to late customer payments.
Watch how Diverse Interior Linings bounced back after losing nearly $100,000 to a phoenix business.
The small business appetite for non-bank lending is on the rise. We take a look at why.