Mel's had her fair share of Catastrophic Muck-Ups. Most recently a kitchen fit out was delayed three weeks, which could've devastated her cash flow, but she saw it coming and planned ahead. And the secret to her intuition? Diligence, attention, and forecasting.
Not all debt is created equal. And not all debt is bad. This article will not champion debt as a great idea for all, but it will differentiate the different types of debt – the good, the bad, and the ugly – and how you can use debt to improve your cash flow and grow your business.
An ACCC product recall would be one of the worst imaginable catastrophic muck-ups for most brands. And it was for My Little Giggles when their Play Gym Rings were recalled and their competitors took to social media to sink the boot in while they were reeling from the ramifications of this catastrophic muck-up.
Timing is everything when it comes to cash flow. There are times when all your invoices are paid at once and your cup overfloweth. Then there are times when all your debtors are behind on their invoices and you’re hit with bills, overheads, staffing costs and it’s time to pay for the next shipment of inventory. Instead of trying to master time, here are some tips on how you can master cash flow, with first-hand advice from good business owners.
Tammy Greig knows her way around power tools. In 2015, she met up with Carla Peck and what started out as a playdate for their young daughters turned into the beginning of My Little Giggles. Carla noticed the ‘Learning Tower’ Tammy had made in her garage and saw the potential to build a brand around the problem-solving product.
Transparency can be hard to find in the business lending space. We’re so passionate about it, our favourite colour is clear. Here's our guide on how to identify a transparent business loan, and some of the dangerous practices to be aware of.
A decision to open a pop-up store quickly became one of the worst and most expensive mistakes in Francesca's history, but Hannah was able to turn it into a resounding positive for the business.
Hannah Vasicek (left) first ventured into business aged 12, but being her own boss wasn't always the plan. She was going to be a doctor, then a lawyer, instead she pursued her passion and built a million dollar jewellery business from the ground up.
The instant asset write-off can be an effective way to reduce your tax bill. See how you can use the instant asset write-off to invest in business equipment without affecting your cash flow.
In April 2016, Martin Kirby quietly set out with the immodest goal of stoking the narrative around ethical clothing in the Australian retail market. Before opening Godspeed, he dropped out of high school, started a hardcore punk band and toured the world for ten years, visiting over 40 countries. As he celebrates two years in business, Martin reflects on the lessons he learned along the way.
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