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CreditorWatch Blog

Small Business

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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Marketplace Lending Fills a Market Gap in Small Business Finance

Marketplace Lending Fills a Market Gap in Small Business Finance

The fundamentals are clear. Small business in Australia needs finance to grow and capture market opportunities. However, there are over 2.1 million small businesses in Australia with a potential $10 billion per annum growth-funding requirement, not being fulfilled by banks. Banks consider many SME borrowers a bankable risk but they generally lend based on real […]

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Avoid risk: Consider underlying trends challenging small business

Avoid risk: Consider underlying trends challenging small business

The second Small Business Risk Review for 2018 highlights relatively stable conditions in comparison to the previous financial year. However, there is still an underlying trend where businesses are facing challenges. It is no surprise that we continue to see big jumps in dollar amounts and court actions in Queensland due to the end of […]

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Why We Need Visual Influence & Clean Data

Why We Need Visual Influence & Clean Data

Clean data, displayed in a visually appealing way, is an easy and accurate way for business owners make quicker, informed decisions around risk. Visual influencing is a term that has recently been developed through the understanding of how best to communicate numbers and data through visuals and influence decision making. This is far more than […]

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12 Easy Skill Set Tips to Empower Small Business

12 Easy Skill Set Tips to Empower Small Business

Let’s face it. Running a small business can be exciting but hard work. You’ve implemented your big ideas and it’s working. However, you might not be in the position to be able to afford to hire extra staff yet. This means that many business essentials, like accounting and marketing, might have to be completed by […]

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5 Ways to Thrive: Future-Proofing Your Small Business

5 Ways to Thrive: Future-Proofing Your Small Business

Only half of Australian small businesses survive beyond their fourth birthday. While there’s no magic formula for success, there are several things that nearly all growing businesses have in common. Here are five ways to future-proof your business when starting out: Calculate cash flow for forecasting One of the biggest challenges for small businesses is […]

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End of Financial Year Planning 2018: Business Considerations

End of Financial Year Planning 2018: Business Considerations

With 30 June 2018 fast approaching, now is a good time to ensure your year-end strategies are in place. In doing so, it is worthwhile considering the following list of ‘Business Considerations’. Base rate entities From 1 July 2017, the tax rate for companies that meet the definition of a “base rate entity” is 27.5%. […]

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CreditorWatch Roundtable Recap

CreditorWatch Roundtable Recap

CreditorWatch recently held it’s 5th annual roundtables in Melbourne and Sydney. The roundtables are not in place to sell CreditorWatch, but rather to provide an opportunity for guests to connect, learn and have valuable discussions with industry colleagues and government representatives. The events began with an introduction from Colin Porter, Founder of CreditorWatch. Colin provided the […]

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What is a DataWash? 7 Reasons Why You Need One

What is a DataWash? 7 Reasons Why You Need One

CREDITORWATCH | 2 MIN READ In a world that seems to be moving faster every day, it might feel harder to find the time to manage your customer database and perform due diligence. However, the further you fall behind, the more at risk your business may become from bad debtors. For example, if a debtor has […]

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