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CreditorWatch Blog

Managing your money through managing your debtors

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 […]

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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. […]

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Fonebox founder Jordan Grives sells telco service provider for a reported $30 million

Fonebox founder Jordan Grives sells telco service provider for a reported $30 million

A multi-billion dollar NASDAQ-listed company has purchased Fonebox from founder and chief executive Jordan Grives for a reported $30 million.  The deal with J2 Global means Grives, who started Fonebox in 2008 when he was 18, will continue with the Brisbane-based telecommunication company along with his 80 staff. He is also stablishing his own venture capital fund, Capital J Investments. “I see my […]

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The SuperStream deadline (28 Oct) won’t be pushed back again, small businesses warned

The SuperStream deadline (28 Oct) won’t be pushed back again, small businesses warned

Businesses with 19 or fewer employees have less than two weeks to transition to SuperStream – the new, mandatory electronic standard for paying superannuation contributions.    “The Australian Taxation Office (ATO) is pleased that more than 75 per cent of small businesses are already SuperStream compliant however, there is still a way to go to ensure […]

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The unique challenges facing entrepreneurs demand a different mindset and solutions

The unique challenges facing entrepreneurs demand a different mindset and solutions

Entrepreneurialism is its own class of business, even being studied as a distinct subject. It’s no surprise then that entrepreneurialism comes with its own unique challenges, which requires a different mindset and approach than other business areas.  In my experience, having founded and lead multiple businesses in the last decade and now working with entrepreneurs, […]

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Let millennials use super to start a business

Let millennials use super to start a business

What if we could start putting superannuation to better use? The internet has changed the way we view and treat money. Paypal pioneered the idea of sharing money online, while services like ApplePay allow consumers to ditch their wallets for good. Yet when it comes to superannuation, we may be leaving some benefits on the table. […]

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Pitching for funding: hitting the right note

Pitching for funding: hitting the right note

The startup world is alive and bustling with entrepreneurs, investors, accelerators and a growing network of support industries. The Startup Economy study undertaken by PwC and commissioned by Google highlights that with the right support and growth, this could contribute over $100 billion to GDP and create over half a million new jobs by 2033. One of […]

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A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

A story rarely told: Some start-ups refute alarming failure statistics and exceed expectations

Small business failure rates are alarming – or so we are told. Along every avenue of research an enthusiastic entrepreneur will take, their spark, at some point, will be doused by bold assertions: “8 Out of 10 entrepreneurs who start businesses fail within the first 18 months” (www.forbes.com). For anyone in the throes of a new business […]

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The Founder doing big business by selling simplicity secures $15 million funding

The Founder doing big business by selling simplicity secures $15 million funding

Since launching in regional NSW in 2002, the Australian fintech start-up, invoice2go, has gone from strength to strength. Now, the App store’s number one invoicing app which creates more than 1 million invoices each month has received another boost to its confidence with a further $15 million in series C funding from investors. CreditorWatch spoke to Invoice2go Founder, Chris […]

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An industry “slow to embrace technology” – until there’s a real need for a solution

An industry “slow to embrace technology” – until there’s a real need for a solution

“Universities will want to play a role, industries will want to play a role, start-ups will want to play a role.” These were the words of NSW Premier Mike Baird recently speaking to the ABC about plans to transform Sydney’s inner-west foreshore into a new tech hub. A development some say is long overdue – not least, one […]

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