Tags Colin Porter

Tag: Colin Porter

Let’s Talk: Cash flow

Inadequate cash flow has been cited as the cause of two in five business failures in Australia *, lending credence to the age-old saying...

New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau

The Australian Taxation Office (ATO) will be empowered to report a business’s overdue tax debts to credit reporting bureaus under draft legislation released by...

InfoTrack enters credit bureau game with acquisition of fintech startup CreditorWatch

Rapid-growth SME credit bureau CreditorWatch has been acquired by InfoTrack, a leading provider of intelligent search and automated workflow solutions for business professionals.  Founded by...

Long-time customers can become bad debtors if credit checks are neglected, businesses warned

Nearly one in two Australian businesses are leaving themselves vulnerable to bad debt by not performing credit checks on their existing customers, new research...

CreditorWatch’s founder on reaching 50,000 customers and lobbying for data transparency

CreditorWatch recorded a 42% increase in its customer base over two years on the way to reaching a major growth milestone, this month: 50,000...

SMEs paying invoices issued by other SMEs two weeks after settling debts with corporates

SMEs are far more punctual in paying invoices issued by corporates than those issues by other SMEs, a leading commercial credit reporting bureau has...

Late payments impacting 3 in 4 small businesses

New research by MYOB highlighting the financial and emotional toll late customer payments are having on SME owners has prompted the cloud accounting provider...

Improve your cashflow cycle by retraining your debtors

If you’ve effectively taught a client that they have 60 to 90 days in which to pay you, it is then very difficult to...

Keeping a tight leash will discipline debtors

While it’s a vital part of good cashflow management, chasing late payments is not something that most business owners enjoy. What can you do...

Three rules to find the right customers for your business

When you start a business, it isn't just about what you do well that ensures your path to success, but your customers. Don't fall...

Dynamic Business: Have your say about what we write, and you read

2020 was a year of unprecedented challenge for business owners. Almost overnight, businesses of all sizes were scrambling to find new customers...

Dealing with financial stress

It is common for people working in business to be concerned with or stressed about their business finances at some point.

How Australian retailers are reimagining customer experience

The customer is always right is an adage that has been driving the way we do business for years. While the concept of...

Regional company pivots to manufacture COVID-19 face masks

As COVID-19 wreaked havoc nationally and demand for safety equipment grew, Victoria’s regional medical device manufacturer Care Essentials pivoted its focus to...

Greater Sydney NYE restrictions tightened

NSW Premier Gladys Berejiklian has announced a further tightening of COVID-19 restrictions for NYE as 18 new community transmissions are detected overnight.

Leverage crypto traders lose over $US13 billion in 2020

Data from cryptocurrency trading simulator Crypto Parrot has found that cryptocurrency traders on Bitfinex and BitMEX lost $US13.47 billion in 2020.

US House approves $US2,000 checks in COVID-19 stimulus bill

The US House of Representatives has approved increasing COVID-19 stimulus checks from $US600 to $US2,000, however it is still uncertain whether these...

Fruitful business: how Ripe Robotics is transforming robotics and agriculture

Quitting your job and following your passion is more common on theatre screens than in real life, however it’s exactly what happened...