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.
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.
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.
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.
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.
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.
Melanie Townsend grew up on a farm in Zimbabwe where fun meant cooking or baking. Learning how to make a little go a long way instilled an irrepressible creativity in her cooking, a lifelong passion for food, and led her to start two culinary schools on two different continents.
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.
Why is data one of the scariest four-letter words of the 21st century? Because hips may lie, but data doesn’t – it simply reports facts. Business data can be a powerful tool for growth. If you’re unsure what data you have or how to use it, this guide will get you started.
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.
We’ll send the results to your inbox right now.
Check your inbox for your repayment schedule PDF. If you have any questions, you can give us a call on 1300 88 09 72 or start a live chat from 9am to 5pm AEST.
Your repayment schedule email was not sent. Please call us on 1300 88 09 72 for assistance.