In this article, we discuss the typical working capital gap faced by many transport companies. We see how owner operators can free up cash from their debtors to help them pay for fuel, maintenance, equipment and drivers keeping their trucks on the road.Read More
In this article, we discuss the typical ATO debt arrangement we see negotiated by many SMEs. This is often done without fully considering the implications on securing future funding for growth. Read on to discover how invoice finance is a practical alternative.Read More
In this article we discuss the 6 most common cash flow management mistakes we regularly see made by small business. Read on to discover what they are and what you can do as a small business owner to avoid them.Read More
In this article we discuss the 2019 ASBFEO report into payment terms, times and practices. Read on to discover average late invoice payment times and what is being done to resolve this cash flow drain on small business.Read More
In this article we discuss how you go about qualifying for invoice finance. Invoice finance is a clever solution to cash flow shortages or to fund business growth. Read on to discover how your business can qualify to free up cash for growth.Read More
In this article we discuss the cash flow problem many small businesses face as providers to Big Business. Read on to discover how to solve your cash flow gap and learn 5 quick tips to maximize your chances of getting your company invoices paid quickly by large customers.Read More
In this article we discuss the cash flow problems many Australian businesses face in January due to late invoice payments. We provide our tips for minimizing your cash flow gap and to improve your stress levels. Read this article to avoid googling “unsecured business loans” at 2am on the 5th of January!
The silly season is well and truly here, and businesses across Australia are madly making the most of this seasonal peak to maximize their revenue for the calendar year. Whilst this is well and good, for most businesses you have to spend money to make money, so their outgoings are proportionally up at the same time.Read More
As a business owner, you spend a fair bit of time thinking about the question “How am I going to access funds for growth?” Sometimes opportunities to grow by acquisition pop up unexpectedly. Or you may win a new and bigger customer when the operations account is looking lean. Not all businesses are cash flow positive every month. Nor do they always have reserves put aside to invest at short notice.Read More
Are you a business owner that gets to the end of the month and wonders why your operating account is looking a little lean? You know your business is profitable because your Profit and Loss statement tells you it is. So does your accountant.
Profit and positive cash flow do not always go hand in hand. Elements of timing, accrual accounting practices and slow to pay customers can contribute to cash flow problems.Read More
Most borrowers concentrate on the cost of borrowing. But there are other risks that should be considered when searching for suitable funding lines.
Over Securitisation Risk
Certainty of Cashflow / Term Risk
Cross Collateralisation / All Monies Risk
Over Trading RiskRead More
Many business owners will at some point consider using their home as a means of financing their business. Whilst this may initially seem like a cost effective strategy, is it really the best way to fund your business?
The big question is, should you use personal assets to fund a business? Would you put your house on the line for a bet or a listed company's shares? NO. Then why would you do it for the business? Business assets should be funded by separate business loans.Read More
There are many finance options available on the market. This can be confusing at the best of times, but even more so when you are a small business owner. How do you maintain good cash flow in your business and earn enough income to support your family all whilst ensuring the safety of your personal assets?
Invoice Finance, also known as Invoice Factoring or Invoice Discounting, is the quickest and safest way to increase the funds available to your business and improve your cash flow on an ongoing basis.Read More
Do commission based structures damage the quality of your customer service? It seems they certainly may.
A report in the Australian Financial Review, quoting Stephen Sedgwick, who recently undertook a review of payment and incentive systems within banking, found that staff members were begin pressured to reach certain sales targets. The meant they were obliged to offer products to their customers just to reach the target, rather than to meet the customer need.Read More
Many small businesses we speak to are concerned about the unstable state of the economy and the late debtor payment issues that have been recently making headlines. There has never been a more nerve-wracking, yet more exciting, time to grow your business. However, cash flow seems to be one of the hindrances to this growth.Read More
Big businesses using their market dominance to crowd out smaller businesses by delaying the payment of their invoices is something we touched upon in an earlier blog post. 30 day terms are being extended to 60 days and even 90 days in some circumstances, and this can be tough for the majority of small businesses who feel the brunt of the unfair terms.Read More
If you are an Australian business owner using personal finances to fund your business, know that you are not alone. In fact, two-thirds of all small business holders use private funds to help them keep their business afloat.Read More
Invoice Auctions, the fintech industry’s attempt to move into the invoice finance space, have had their fair share of press in recent years, both positive as well as questioning.Read More
The need for fast cash can come at any time in business. At start-up, when your business plateaus and you need to rev it up, or just when too many bills arrive all at once.Read More
In a report published this week by the Australian Securities and Investments Commission, 79% of insolvencies were experienced by small businesses with 20 employees or less. And the grand majority of those, approximately 85%, had assets of $100,000 or less proving once again that small businesses are not safe from insolvency, liquidation or closure.Read More