10 Cash Flow Tips for a Merry Christmas
As the summer, school holidays, and Christmas fast approach, so too do cash flow challenges. Follow these 10 cash flow tips to keep your Christmas merry, and start your 2019 strong and happy.
Small Business Insurance — Can Your Business Survive the Unexpected?
With so many things to think about when running a business, it’s common to overlook the importance of having the right types and levels of small business insurance coverage. According to industry statistics, over 80 per cent of SMEs are underinsured in some areas and 17 per cent have no insurance at all. Business owners insure their homes, cars, health, lives, and even holidays, but often lack the coverage needed to keep the business running when an unfortunate event occurs.
Australian Government’s $2 Billion Lending Boost – What Does It Mean for Small Business?
The Morrison government’s plan to inject $2 billion into the business lending market offers several potential benefits to small to medium businesses. The proposal, announced on 14 November 2018 by Treasurer Josh Frydenberg, is to create a taxpayer-backed securitisation fund that would invest in credit for small-to-medium enterprises (SMEs). Here we’ll look at some of the challenges faced by SMEs seeking funding and the potential benefits of the proposed fund.
How to Develop Your Value Proposition
As the saying goes, "Build a better mousetrap and the world will beat a path to your door.” But when it comes to attracting new customers, having a better mousetrap isn’t always enough. You need to be able to communicate the tangible results that your product or service brings to your customers. That's where a value proposition comes in.
Tips for Conducting Effective Meetings
A global survey conducted by Microsoft found that employees spend an average of 5.6 hours each week (12.4% of their time at work) in meetings. Around 70% of survey respondents felt meetings weren’t productive. In Australia, 82% of people surveyed said that meetings were a waste of time and money because they lacked structure and defined objectives. Nevertheless, meetings still have an important role to play in many workplaces.
Secured Business Loans: A Short Guide
The terms ‘secured’ or ‘unsecured’ often come before ‘business loan’. Here we’ll take a quick look at secured business loans, how they differ from unsecured business loans, and how they are used by small business.
Fintech Business Loans – Serving Australia’s SMEs
The popularity of fintech lenders has been growing exponentially since they hit the Australian finance scene in 2013. They grew from lending $10 million in the first year to $389 million in 2017, a 79% compound annual growth rate (CAGR). Why has there been such amazing growth? It has been due to the ability of fintechs to serve the business lending needs of SMEs that have been underserved by banks for a long time. Here we’ll provide an overview of fintech (financial technology) lenders and explore why they have become so popular for getting small business loans.
What Is Venture Capital?
Have an innovative business that you believe has long-term growth potential? Are you willing to give up some control of your venture in exchange for investment in your business? If you answered ‘yes’ to these questions, venture capital could be the ideal finance option for your business.
A Short Guide to Business Loans for Restaurants and Cafés
Running a restaurant or café business requires getting all the ingredients right. These include quality food, friendly staff, exceptional customer service and a good location. Behind the scenes, cafés and restaurants need finance to get established and continue operating successfully. Here we’ll examine some of the reasons cafés and restaurants get business loans and consider some of the finance options available.
A Short Guide to Business Loans for Marketing
Business loans for marketing can be the key to boosting a company’s sales and profits. Many businesses, however, don’t know where to turn when seeking a marketing loan. A lack of funds for marketing holds many small businesses back and prevents them from reaching their full potential.