Cashflow
There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.
With JobKeeper reaching its end, Let’s Talk about what this big change could mean for businesses around Australia…
It’s not simply a case of having enough money in the bank – it’s about how you manage that money. Seriously, have a plan in place…
One year into the pandemic, it’s clear that real opportunity lies in more carefully targeting financial support. We need to see more mutual partnerships where governments reward small businesses that take active steps to help themselves.
“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…
From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021.
Making cuts to costs that are too deep can impact employee and customer satisfaction. Don’t cut costs enough, it can embed inefficiencies into the business or threaten viability. So…
Running a business is a challenge at the best of times, but throw in a pandemic and the associated economic woes – and cost cutting has never been more important.
While 2020 packed a punch that not many people were expecting, impending vaccines and a rebounding economy offer a glimmer of optimism for business in 2021. However improved economic conditions also mean a reduction in government safety nets like JobKeeper and cash flow boost. Properly managing cash flow in 2021 will be a precarious and […]
Unsurprisingly, the top four challenges and top three opportunities facing SMEs in the coming year are a result of COVID-19 related financial pressures, according to the latest ScotPac SME Growth Index research. When asked what they are most positive about for 2021, the most common response was getting “back in the black” (24%), and the […]
Having customers adhere to your trading terms is a perennial challenge for business owners, and being paid on time can be the difference between business survival and failure in a COVID-19 landscape. Enter DebtForce: a law firm-backed start-up that offers a quick, intuitive AI-powered platform which simplifies and speeds up debt recovery. The platform enables […]
Save the date: Thursday, 25th June 2020 | 12:30 p.m. AEST As the economy starts to reopen, every business needs to assess their situation and start planning for what’s next. Having a strategy to operate during periods of great uncertainty is important to help businesses adapt and make the right decisions. Join Oracle NetSuite, Hunter […]
It’s no secret that inadequate cash flow is one of the main reasons why businesses fail in Australia. Dynamic Business only recently talked about this issue last week, with new research commissioned by H&R Block found that the biggest struggles for small businesses across Australia are: ‘cashflow’ (35%) ‘marketing effectiveness’ (30%) ‘lack of support’ (19%) […]
With more than 60% [1] of small businesses shutting down within their first three years, Australia’s leading tax accountants, H&R Block are offering small business and start-up’s a helping hand with the initiative; ’Grants for Growth’. Now in its second year, the grant offers support to budding entrepreneurs who need an extra boost to transform […]
Most businesses trade on credit terms with their customers, letting them purchase as they need and pay later. This can be a great way for businesses to build their customer base and gain more work or sales, since customers will often buy more if they don’t have to pay immediately. However, extending credit to customers, […]
Setting up a small business can be an exciting yet daunting experience. By the time you actually launch your business you have likely experienced a lot of uncharted waters, sleepless nights, caffeine highs and are generally left questioning your overall sanity. Trust me I know. In 2008 my brother and I started our business, Credit […]
A new survey from Xero, the global small business platform, has revealed a disconnect between small business owners and politics, with a whopping three in four (75 per cent) unable to name the Federal Small Business Minister, and 15 per cent unable to name the Prime Minister. Despite many not being able to name key […]
Robots are helping Australian businesses navigate the complex energy market and save millions of dollars in energy costs. Data released today by Australian technology company BidEnergy shows that over the last 12 months robots found savings totalling $2.6 million in 822 instances. For one large enterprise customer, robots found a saving of more than $25,000 […]
Insufficient cash flow means lost opportunities Australian small businesses have lost opportunities worth an estimated $5.8 billion due to insufficient cash flow1 Nearly half (46 per cent) of Australian small business owners have been at risk of being unable to pay their employees1 More than a quarter (26 per cent) of Australian small businesses that […]
Research reveals financial and emotional burden of administration on small businesses ahead of new Single Touch Payroll reporting regulation Australian small businesses estimated to collectively spend over $20B a year on admin and payroll Half of small business owners also willing to sacrifice wellbeing Reckon launches hub to help small business owners get ‘in the […]
