All business finance falls into two categories – debt or equity. Understanding these forms of finance will help you decide what’s right for your business. Let’s start by looking at the definitions of debt finance and equity finance.
Asynchronous communication is a concept that has increased in importance with the growth of remote work and online communication. While you might already be using this form of communication in your business, understanding the options and implications can help you choose how and when to communicate asynchronously. Here we consider the basics of how teams communicate and ways this can be improved.
Artificial intelligence for small business is making a big impact. While large organisations have more resources to implement AI business solutions, small businesses are also leveraging it to increase efficiency and boost growth. Here we start by defining artificial intelligence and looking at a few of the ways you can use AI in your business.
Innovation is the lifeblood of any business. If you’re not regularly improving your products or services, you risk being left behind in a fast-evolving marketplace. Here we go over the steps for successful product development to help you avoid some of the common pitfalls.
Before the rise of online business loans, there was a time when getting a business loan meant completing stacks of paperwork and then waiting six to eight weeks to find out if you were approved. That’s all changed with online business loans. Let’s look at this innovative way that SMEs are getting access to funds they need without the hassle of going through a bank loan application.
You probably have heard about the importance of customer service and customer experience. But how do you implement a customer-centric approach in your business to boost customer satisfaction and loyalty? Here we offer a few tips to be more focused on customers and reap the benefits.
For many businesses, ATO debt can be a serious issue. At the end of the 2020 financial year, small-to medium-businesses owed around $21 billion to the ATO, up from $13 billion in 2018.
Financial ratios are a helpful tool to analyse how your business is performing. Although they might not be as exciting as other aspects of your business – such as sales, marketing and product development – knowing your financial ratios will give quick insight into your company’s financial health.
With many business lending options available, it can be challenging to choose the right one for your needs. Here we consider factors to consider when determining the most appropriate business lending for your situation.
Now more than ever as we struggle through the COVID-19 pandemic, and with recent incidences of wage theft in the news, it’s important to be aware of the regulations about minimum wage employees. But what is the minimum wage in Australia? Who decides it, and what can you do as an employer to help those working in minimum wage roles? Here’s a short guide to the Australian minimum wage.
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