As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
Dynamic Business, as the voice of Australia’s small businesses, is again conducting its Credit and Debt Survey in partnership with CreditorWatch. Every person who completes the survey will go in the running to win one of three annual CreditorWatch subscriptions, valued at over $200.
The old saying, you have to spend money to make money might be true, but one expert offers some insight into negotiating the best banking deals, so you don’t have to spend as much to get started or keep going.
Cashflow remains a key priority for small businesses, with Dun & Bradstreet’s latest trade payment survey showing payment terms have reached three-year highs, with the average time it takes a debtor to pay a bill jumping more than five days in the first quarter of 2011. With cashflow back on the agenda, there’s evidence more businesses are reviewing their payment options to bring cash into the business faster.
Citibank says its business credit card is designed by business, for business and delivers a range of features for managing cashflow, rewarding purchases with points as well as a suite of applications for business travellers. Andrew Boyd of Credit Card Compare looks at the pros and cons of using this credit card in your business.