One of the biggest competitive advantages that small business owners have over large companies is just that – they’re small. Many customers deliberately seek out businesses that can offer a more personal experience, a local person who understands them, and someone they can trust. Building trust and loyalty with your customers should be top of… 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. 1. Business finance Managing business finances is… Read more »
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 »
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.
Need more tips to get your business financially fit? Watch the video for Tip #3 in the series.
We’ve gleaned a list of the most practical and proven tools to automate your business processes and turn you into a well-oiled machine.
Research by Xero shows disorganised admin paperwork and filing is a problem affecting more than 50 percent of Australian small businesses.