Small Business Archives

Turbocharging Growth With Mid Life Cycles

Director of Mid Life Cycles, Michael Catchpole, has followed two passions in his life: motorcycles and media. Around the same time he earned a journalism cadetship, he got his motorcycle license. As he built a career in media and communications, he also raced and maintained motorcycles and cars. And eight years ago, Michael decided to take his passion for motorcycles to another level. Discover the early win that kick started their growth spurt, and see why this retail business continues to grow.

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.

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.

What Is a Credit Score and How Does It Affect You and Your Business?

If you are seeking any type of credit — whether a credit card, home loan, personal loan or business loan — your credit score will come into play. So you might be asking, ‘What is a credit score?’ It’s simply a number that is calculated based on the information in your credit file at a point in time. It helps credit providers determine how creditworthy you are and how able you will be to pay back any new debt they give you.

Owner Of A Cafe Who Is Bootstrapping His Business.

10 Tips for Bootstrapping Your Business

There was a time when boots had straps to pull them on and ‘pulling oneself up by your bootstraps’ meant getting ahead on your own with little or no assistance. Today, the term ‘bootstrapping’ means starting with very little capital and putting all revenues back into the company to help it grow. If you don’t have access to money or investors, bootstrapping might be the only viable way to get started. Here are some tips for bootstrapping a business.

10 Ways to Cut Small Business Costs

For many small businesses, the focus is on growing sales. When a business is growing, it’s possible for expenses to grow too quickly and get out of hand. When this happens, it can lead to cash flow problems and even threaten the existence of a business. To help you cut back on expenses and improve your cash flow, here are some simple ways to cut small business costs.

Woman At Computer Writing A Business Plan.

How to Write a Business Plan When Applying for a Business Loan

If you’re applying for a business loan, one of the first requests from traditional lenders will be to see your business plan. A business plan provides the information that traditional lenders need to make an informed decision about whether to approve a business loan and determine the amount. If you haven’t written a business plan before, it might seem like an immense challenge. A good place to start is with an outline covering all the information needed in the business plan. Here’s a brief overview of what to include in a business plan when seeking a small business loan.

The One Where Funch Got Rolled by Payment Terms

An exciting opportunity to be stocked by one of Australia’s largest online retailers seemed too good to be true. But before too long, excitement turned to despair when the retailer went into liquidation and vaporised Funch’s cash flow and growth momentum.

Rolling in It: How Tanya and Lisa Built a Bliss Ball Brand

Tanya Duncan and Lisa Bourne met at the gym and became good friends when their kids started school together. A fruitless search for healthy, sugar-free snacks for their kids’ lunches led the pair to co-found Funch in 2014.

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