-->

CreditorWatch Blog

Managing your money through managing your debtors

Work part time and manage your finance

Work part time and manage your finance

Many people are questioning the advantages and disadvantages of working part-time rather than full-time. The reasons vary from personal choice to simple economic realities. Part-time jobs are mostly 35 hours a week or fewer. Taking on part-time while studying or being employed full-time is hard work. But, the benefits are compelling more and more people […]

Read More

Quarterly risk insights for small business

Quarterly risk insights for small business

CreditorWatch have released insights from an analysis that reviewed registered payment defaults and trade payment data from over 40,000 active customers for the year following the third quarter of 2015. The findings present an accurate status of small business behavioural trends as sole traders, trusts and partnerships are inclusive in the data analysed for the […]

Read More

ACCC alleges online directory made small business pay for unwanted advertising

ACCC alleges online directory made small business pay for unwanted advertising

The Australian Competition and Consumer Commission (ACCC) is taking legal action against an online business directory provider, alleging unconscionable conduct that resulted in numerous small businesses paying significant amounts of money for unwanted advertising. ABG Pages Pty Ltd and an individual will face the Federal Court, accused of “misleading or deceptive conduct, false or misleading […]

Read More

New start-up fund affords investors tax breaks

New start-up fund affords investors tax breaks

With the launch of its second co-investment fund, this month, Sydney Angels is seeking to raise between $10 and 20 million to invest in high-growth potential early-stage ventures. Sidecar Fund 2 follows the first Sidecar Fund, which Sydney Angels launched in 2012. Sidecar Fund 1 attracted $10 million in capital from outside investors, to invest […]

Read More

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

B2B transactions in Australia’s small business ecosystem worth $204 billion, report suggests

New research suggests transactions between small businesses in Australia are worth $204 billion per year.  Commissioned by American Express in support of Shop Small Month, which ends 30 November, The Economy of Shopping Small: Custom Counts report reveals small businesses in Australia source goods and services from 4.4 other small suppliers each month, with an average monthly spend of $8,600 or […]

Read More

Keeping end of year expenses under control

Keeping end of year expenses under control

During the ‘silly season’ it can be easy for expenses to get out of control. Employees are starting to relax and may feel comfortable claiming team lunches or other entertainment expenses back from the business. At the same time, Christmas is a time for giving; many organisations buy gifts at the end of the year […]

Read More

SMEs not buying recession talk: MYOB survey

SMEs not buying recession talk: MYOB survey

Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB.  The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]

Read More

‘Tried and true’ cash flow methods costing businesses $6.12b in growth opportunities

‘Tried and true’ cash flow methods costing businesses $6.12b in growth opportunities

Australia’s mid-size businesses are missing out on $6.12 billion in growth opportunities annually due insufficient or variable cash flow, according to new research from American Express.   The company’s new report, Behind the balance sheet: unlocking hidden value in credit, involved a survey of 355 Chief Financial Officers from companies with annual revenue values between $2 million and […]

Read More

One in four SME owners are juggling businesses

One in four SME owners are juggling businesses

Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.”  Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]

Read More

Meet the start-up juggling Queenslander bringing a $19b industry out of the 1960s

Meet the start-up juggling Queenslander bringing a $19b industry out of the 1960s

If he wasn’t already busy enough heading up three manufacturing start-ups, Queensland’s Dave Biggars has set his sights on leading the $19 billion-dollar caravan industry out of the bygone era of timber into the era of smart design. Last year, the 32-year-old entrepreneur founded Zone RV, a manufacturer of built-to-order off-road and luxury touring caravans. […]

Read More