Industry Finance
Cybercriminals are targeting businesses with a new scam that uses fake invoices to trick the business into paying money to the scammer. The invoices look legitimate and are often sent from a legitimate-looking email address, making it difficult for busy finance teams to spot the fakes. According to the ACCC’s Scamwatch, Australian businesses lost $2.8 […]
Byline: Todd Handcock, President, Asia Pacific, Collinson Banks are facing increasing pressure to grow their business in the era of digital disruption and open innovation. Profound changes in consumer behaviour, technological innovations, the availability of a massive amount of data and the connected lifestyle of customers have led to a blurring of industry boundaries. Today’s consumers […]
The challenge of securing bank finance is seeing a growing number of small and medium enterprises (SMEs) turn to online lenders. One in four SMEs have been knocked back for bank finance Among SMEs rejected by a bank, one in three have turned to family/friends or a credit card for funding Of those SMEs that […]
Staying with a Big 4 bank could cost you $6,007 in extra interest on a $250,000 business loan over 5 years The average Big 4 business loan rate is 88 basis points higher than the average of the challenger banks The Big 4 failed to pass on the 100 basis point cut to the official […]
The saga of Amazon’s second HQ location seemed to be a done deal by the end of 2018, with Arlington, Virginia, and Queens, New York, being the two locations picked. But, fierce opposition to placing the HQ in Long Island City in Queens has led the retailer to pull out of the decision. Once again, a […]
There is an alarming number of Australians who are financially illiterate, which is why financial services experts Theresa Mills and Catherine Birchall have joined forces to launch a financial wellbeing program. Following two years of intensive research and digital development, Money 101’s Financial Wellbeing program will be introduced into Australian workplaces. Money 101 founding […]
As the end of year draws closer, it brings a great opportunity for small business owners to take time to reflect and plan for the year ahead. The Westpac Small Business Report in collaboration with Deloitte found that small businesses have grown modestly in revenue terms relative to this time last year. While some are […]
In this very moment, there is likely someone out there who has a life-changing business idea. However, as soon as they begin to think about the bills ahead of them, what quitting their job would mean in terms ofstability and how they could possiblyafford to launch a business, it may quickly be forgotten. If this […]
There are lots of challenges prospective business owners and budding entrepreneurs have to overcome. They need to market test their idea and prove that there is a need for it, they need to decide upon pricing and they’ll also have to consider whether they need additional employees (and where they’re going to find them). But […]
You should never take out any type of loan without knowing everything about it. Here are the common questions about short-term finance that you need the answers for. You have a lot of options available to you when it comes to financing. For example, Max Funding, one of the leading non-bank lender in Australia offers […]
Forex trading has countless advantages as compared to stock trading or commodity trading. One of the big things about Forex trading is the fact that you have the flexibility to work from wherever you want to, work the hours you want because the FX market trades around the clock 5 days a week. This way, […]
When you run a business, you will find there are daily challenges to deal with, all of which can take your mind and your focus away from the main aim of doing what is required to make the business grow. There are some important tips to remember if you find that this is happening, and […]
Tops tips for customer acquisition.
According to recent studies, June was a mixed month for Australian businesses. While business conditions advanced by one point to a reading of +15 when compared to May, business confidence took a hit, declining by one point for an overall total of +6. On the surface, one would probably assume that the two measurements are […]
Is regulation positive for the crypto market?
Thinking about starting a business? Well before you take the plunge, ensure you have a plan and understand your finance options. In this week’s Let’s Talk we ask financial experts about the finance traps and pitfalls of starting a business, such as putting your home up as security, over-estimating revenue, forgoing insurance and borrowing money you […]
There is no doubt the big banks remain major players in the SME lending market however, there has been a steady rise in the number of non-bank lenders offering fast and flexible lending options in this space. They are able to move much faster than the traditional banker with their unique ‘fintech’ approach, giving small […]
After years of experience and building a successful strategy, seasoned business owners can branch out into new areas with relative ease. A newcomer, however, will lack the necessary resources and experience for striking up a successful new business overnight. It takes hard work, careful planning, and proper financial management to create and sustain a company […]
Originally, you may have thought that dedicating an enormous number of hours in collegiate classrooms in the hopes of completing your business or finance degree would open up endless opportunities with no need for further re-education. Investing in yourself in this way would not only provide a nice diploma to hang on the wall but […]
