This is the million-dollar question for so many start-ups, and also a burning issue for most SMEs. The answer comes down to three key pressure points, and how entrepreneurs deal with these points can have a huge impact on whether their business grows, or fade into the quiet of the night. Pressure Point 1:…
Do you know the six crucial steps for top-notch cashflow forecasting? Gold star if you know them – but you have to ensure you are using them! To ensure suppliers and the Australian Taxation Office remain supportive of a startup business, it is essential that business owners have a close feel for their forecasted inflow…
Businesses exist to make money. That’s not news right? And, if a company does not generate sufficient profits it may fail. That’s not news either. Business bankruptcies are on the rise, with ASIC statistics show that 1123 companies were placed into receivership in February 2012. So, what can businesses do to get better profits?
The latest Bibby survey shows that 52% of Australian small business owners are now more stressed that a year ago and that their major headache is their cash flow. These findings have led the debtor finance specialist to support calls for tax breaks.
Keeping a close watch on cashflow and improving administration processes is the answer to growth and sustainability in 2010. Here is a ten-point checklist designed to help small businesses get their houses in order.
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