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 […]
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 […]
How to get investors to sit-up and listen. Entrepreneurialism is thriving in Australia and according to Forbes.com 35 per cent of Australian startups are based in Sydney followed by 14 per cent in Melbourne and 9 per cent in Brisbane. So, when it comes to seeking investors, competition is fierce. According to co-founder of BenchOn, Tim […]
What are the attributes of an SME that is growing, and how do they differ from a business with static or declining revenue? [Related: SMEs trading banks for fintechs, poll suggests] Twice a year, when more than 1200 owners or leaders of SME businesses are interviewed for our SME Growth Index, one of the first questions […]
Inadequate cash flow has been cited as the cause of two in five business failures in Australia *, lending credence to the age-old saying that ‘cash is king’ (an especially unmerciful one at that). For this week’s “Let’s Talk…” feature, we asked more than a dozen thought leaders to identify the common mistakes startup founders and other […]
Running a small business has many rewards, but it has never been an endeavour for the faint-hearted. One of the most common yet avoidable areas of stress for SME owners is the ability to manage and maintain sufficient cashflow. [Editor’s note: This is the fifth in a 12-part series, by accountant and serial entrepreneur Tanya […]
SME operators not only predict a lack of sales over the Christmas retail period, they also expect to be short on spare time, according to MYOB. The cloud accounting provider’s latest SME snapshot reveals that business confidence is down due to the threat of bigger and online retailers entering the market from overseas. The majority […]
Over the past two decades, Vanessa Stoykov has carved out a successful career in the finance industry as a storyteller, TV host and entrepreneur. Her first business, Evolution Media Group, has become a multi-million-dollar production house off the back of demand for its educational video content about wealth. Meanwhile, No More Practice – Stoykov’s e-learning […]
The cardboard box of business receipts are now closed for small business owners across the country and it’s time to move from dealing with accountants and tax agents to focusing on the future. Getting things right for the next phase of growth comes down to setting the right foundation. So, how can you ensure you’re […]
Online retail marketplace MyDeal.com.au has partnered with small business lender Prospa to offer its listed retailers loans to accelerate their growth. Retailers who list their products through the MyDeal marketplace can now apply for a business loan of up to $250,000 directly through their supplier management system and, in the case of loans under $50,000, […]
