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CreditorWatch Blog

3 Steps to Minimise Business Worries This Holiday Season

3 Steps to Minimise Business Worries This Holiday Season

The holiday season can be a stressful time for small business owners. While many Aussies around the country are happily switching on their ‘out of office’ and heading straight to the beach, this time of year is a little different for those who run their own business. According to new research commissioned by Prospa, almost […]

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7 Ways to Unlock Cash Flow with Better Inventory Management

7 Ways to Unlock Cash Flow with Better Inventory Management

After 12 years working in lending, I’ve had many experiences of a customer needing to urgently increase their overdraft. The cause was nearly always a purchase that left the company unable to make payroll. In serious cases, we had to restructure their loans because they lost control of their stock, leading to penalty interest and higher […]

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Creditors: 4 ways to defend a liquidator’s unfair preference claim

Creditors: 4 ways to defend a liquidator’s unfair preference claim

What is an Unfair Preference? Essentially, an unfair preference is when a creditor, within the six months before a company goes into administration or liquidation, receives payment(s) from that company that is more than they would receive if the payment(s) hadn’t occurred and they proved for their full debt in the liquidation. The “unfair preference” […]

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Five tips to prevent late payments – instead of chasing them!

Five tips to prevent late payments – instead of chasing them!

Late payments are a constant source of stress and strain for Australian small businesses. Research from Intuit reveals that small businesses are left an average of $13,200 in the red by late paying customers. This can have a serious effect on cash flow. Not only that, but small business owners end up spending an average […]

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Common Insolvency Terms Explained

Common Insolvency Terms Explained

Receivership, administration, debt agreement, liquidation, bankruptcy and insolvency. These all mean the same thing, don’t they? Kind of. Unless you work in the insolvency industry it can be easy to confuse these terms. This article aims to explain each term so if you ever come across it you know what it means. Insolvency Insolvency describes […]

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PPSR 7-Year Anniversary: Are you ready?

PPSR 7-Year Anniversary: Are you ready?

A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]

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The five cash flow commandments any small business should live by

The five cash flow commandments any small business should live by

There’s a reason that you often hear the phrase ‘cash is king’ as a small business owner. No business, irrespective of its size, can sustain itself without a healthy amount of cash in the bank. Even Tesla, the leading electric car manufacturer and technology pioneer, saw its share price nosedive following concerns its cash reserves […]

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SME Marketing Tips: Your 30-Minute Way to Success In Social Media

SME Marketing Tips: Your 30-Minute Way to Success In Social Media

We all know how important social media and online marketing is, especially in this increasingly competitive business landscape we live in today. It doesn’t help that digital marketing can be confusing, engagement is going down, you’re already busy, and nearly everyone else is trying to reach the same audience! To make life easier, we’re sharing 5 […]

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New financial year resolutions: Act now if you want to be prosperous

New financial year resolutions: Act now if you want to be prosperous

Many small business owners find themselves half way into the new financial year before they realise they’ve only got a vague idea of their business resolutions for the year. And, with almost half of small business owners across Australia working six or seven days a week, it can be hard to find the time to […]

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