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Large Australian companies and institutions are infamously bad at paying smaller businesses on time. The Australian Competition and Consumer Commission reports that nearly three quarters of all invoices are paid late.
Research, commissioned by Prospa, shows that more than half (54%) of small business owners spend 6-7 days a week on their business, with one in four (28%) working 7 days a week.
The Australian Bureau of Statistics states that 50% of all SME operations go out of business within three years and over 40% of these failures are due to poor cash management.
Scott Morrison delivered his second budget in May and there is barely a ripple in the water. No huge sweeping reforms, no budget emergencies, it was almost a non-event.
There’s no doubt that small businesses are a core part of the Australian economy but when big businesses fail to pay on time, small businesses are forced into what we call a ‘cash flow gap’.
Employment Hero Founder and Chief Executive Officer, Ben Thompson said: “By simplifying administrative processes we can help businesses be significantly more productive.
There are three major trends in the business world which are driving demand for Virtual Chief Financial Officers (VCFOs). The rapidly growing number of start-ups...
The Xero Small Spark survey canvassed the opinions of more than 340 small business owners across Australia and New Zealand to identify the key factors driving people to go out on their own.
As the digital age intensifies, our individual and organisational reliance on digital technology will increase, so too will the incentives and motivations for criminals that are equipped to take advantage of our digital adoption.
It was scary and exciting to do something no one else was doing. But then some other people got the same idea and suddenly there were a few people doing the same thing. But rather than freaking out and holding all my cards close to my chest – I celebrated.
The recent federal budget doesn’t go far enough to turn Australia's ideas boom into an implementation boom according to business author Jenny Vandyke
New data from SEEK Commercial shows that appetite for small businesses is rising with ‘coffee’ as the #1 keyword, Coffee, Cafes & Restaurants top category
New research shows almost half (45 per cent) of Aussie small business claim their stress levels have increased in the past year and a quarter feel burnt out
Beacon marketing has been on my mind lately. And as I was researching the subject, one of the questions I came to ask myself...
PreneurCast is a marketing + business podcast. Each week, author and marketer Pete Williams and digital media producer Dom Goucher discuss entrepreneurship, business, internet...
Lately, I have been experimenting with social media networks for my own marketing purposes. Very quickly, I have had to zoom in on one particular...
You might never guess why vets would get the highest consumer satisfaction ratings, or why advertising and marketing would get the worst rap. Or...
Brand comes as fast as they go. Or, so it seems. Customers have a myriad of choices and, the brand they choose one day,...
For years, small businesses’ call for tax reform has gone unheeded. Now, days ahead of the election, their voice has grown just a bit louder.
The rollout will continue, since the government has paid Telstra $11 billion to get access to its network. So we will get an NBN in one form or another. The only question is the technology and the time frame.