The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those who know about it but can’t comprehend it as it is […]
It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]
It may be February but it’s not too late to make some new year’s resolutions! In fact, February can be the ideal time to kickstart positive habits and make the changes you’ve been thinking about for the past few months. The holiday season is now well and truly over, and clients, suppliers and employees have […]
The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year. In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]
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 […]
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 […]
CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]
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 […]
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 […]
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 […]