James Balagot

Changes are afoot in the way business banking works in Australia and small businesses are now in a prime position as banks compete fiercely for their business.

There are all kinds of reasons why a dedicated business credit card makes sense, from separating company and personal expenses, to reward schemes, free purchase and travel insurance, credibility and more. Find out how a dedicated company credit card as well as other kinds of cards can help your business.

Keeping on top of the emerging trends surrounding your business is important. This information can assist you in revising your business and marketing plans, provide information of the activities of your competitors and help you identify new areas to grow. But with limited time and resources, how do you do it?

It was over a year ago that Wall Street’s fourth biggest investment bank Lehman Brothers was allowed to collapse. Share markets around the world plummeted on fears that a financial catastrophe would result in multiple bank failures and plunge us into a depression, or a recession.

With the economic slowdown and the worst global recession dominating headlines, it’s easy to get caught up in the hype. However, market disruption normally presents great opportunities to reposition your business for the upswing. Now is the time to get back to basics. Step one? Finance.

When in comes to your finances, it is important to keep your personal expenses separate from your business expenses. Doing this can help you in a number of ways:

Maintaining a healthy bank account is top of mind with every small business owner. How can you improve your cash flow and reduce common money management headaches as well? The below tips will help you stay ahead: