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.
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.
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.
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.
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.
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.
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.
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.
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.