Get Capital for Your Business: 7 Ways to Do It
If you want to get capital for your business, there is a wide range of options. Let’s look at some of the options for obtaining capital for your business.
Debt Service Coverage Ratio (DSCR)
If you run a business, it’s helpful to understand the criteria that business lenders use to make decisions. One of these is the debt service coverage ratio (DSCR).
6 Tips to Improve Your Business in the New Financial Year
The first six months of 2020 have been challenging for most businesses, especially small-to-medium enterprises. If your business has just weathered this storm, here are a few things you do to move forward with confidence in the new financial year.
How to Get the Most from Remote Business Networking
With COVID-19 restrictions in place and ongoing concerns about spreading the virus, business people have pivoted to remote networking to make connections. While many of the same rules apply to in-person networking, here are a few things to keep in mind when focusing on remote business networking.
Invoice Finance: How Much Does It Cost?
Invoice finance is one way businesses can improve their cash flow. Also known as debtor finance, cash flow finance, invoice discounting and accounts receivables finance, the dollar amount of invoice financing at any one time in Australia is around $75 billion, which is 3 per cent of GDP. While more businesses are using debtor finance to unlock the value of their unpaid invoices to improve working capital, it doesn’t come without a cost. Let’s look at the basics of invoice finance and unpack the elements that make up its cost.
Inventory Turnover Ratio: How Can It Help Your Business?
The inventory turnover ratio is an important metric for businesses that sell products, either for wholesale or retail. If you’re wondering how to tell if your business has healthy inventory balances or carries excess inventory, you’ve come to the right place.
18 Powerful Smartphone Apps to Help You Run Your Business
Using your mobile phone for small business can help you boost your productivity in a diverse range of areas, including accounting, marketing, communication and time management. Here’s our pick of 18 popular apps that can help you run your business from the palm of your hand.
6 Ways to Improve Efficiency with Business Automation
Business automation is no longer a concept for the future – it’s here now. Small business automation is occurring behind the scenes and making a positive difference for those who have taken the leap.
Cash Flow Forecast: How to Create One
A cash flow forecast is a good way to stay on top of cash flow, one of the biggest challenges for small businesses in Australia.
4 Inspiring Women in Australian Small Business
Rather than marking a day on the calendar for women, why not the entire month of March? After all, March is Women’s History Month, first commemorated by the United Nations in the 1970s.