How business loans can reinvigorate your small business
Securing long-term business loans can serve as a crucial driver for organisational growth. Encouragingly, small businesses across Australia are increasingly pursuing such loans, thereby boosting their working capital and funding strategic investments. According to recent data from Banjo’s SME Business Barometer, business loan applications rose by an impressive 43% in the first quarter of the […]
Five big business challenges for 2025
The early 2020s have been characterised by uncertainty. Market volatility, disrupted supply chains, and difficulties in sourcing skilled talent have created significant challenges for businesses. As we approach 2025 and the second half of the decade, understanding and addressing the external threats and opportunities ahead is critical. Here, we examine five key business challenges that […]
Christmas bonuses and other festive payroll matters
Employers often provide additional payments to employees at year-end, such as Christmas bonuses or overtime payments. It is essential for employers to understand the reporting obligations to the Australian Taxation Office (ATO) and the implications for superannuation guarantee contributions. Christmas Bonuses Christmas or performance bonuses are lump sum payments made to reward employees for their […]
Mastering expense management in your business
The effective management of business expenses is vital for sustaining growth and maintaining profitability. Whether you are a start-up or an established enterprise, controlling your finances is often the determining factor between success and failure. Below are eight strategic measures to enhance expense management and ensure the smooth operation of your business. Effective expense management […]
Is your bank truly supporting your business?
In the past, your bank manager was a pivotal figure in the success of your business. However, in today’s digital era—where banking is increasingly focused on online transactions rather than personal relationships—is your bank genuinely supporting the sustained growth of your business? The latest Australia Business Banking Customer Report from Publicis Sapient offers key insights […]
How to optimise your business: six areas to focus on
We are undoubtedly navigating uncertain economic conditions. Yet, it remains imperative to refine your business model, enhance value, and explore opportunities for growth. Instead of allowing your business to merely sustain its current operations, why not take a proactive approach to improving and strengthening your business model? This will not only enhance profitability but also […]
Selling your business: getting a good deal
After dedicating years to growing and enhancing the value of your business, the time may come to sell and realise the equity you have invested. Securing the best possible deal requires strategic planning, meticulous preparation, and expert guidance. In this article, we outline essential steps to maximise the value of your business. Selling a business […]
Accepting cash may become mandatory for Australian businesses
Australia is rapidly moving towards becoming a cashless society, though certain groups—particularly the elderly and those with lower incomes—continue to rely on cash for their transactions. To address this, the Federal Government is considering new legislation that would make it mandatory for businesses to accept cash for essential goods, including groceries and fuel. This initiative […]
Cutting costs or increasing your prices?
As many businesses anticipate reduced profits this financial year, proactive planning for uncertainties is essential. Effective expense management is always beneficial, and in some cases, revisiting your pricing strategy may help enhance profit margins. Practical Steps to Optimise Cost Control Cash flow has posed significant challenges for many businesses recently. When revenue streams are constrained, […]
Selling your business: planning your exit
Building a successful business often requires years of dedication, and for many, it is a lifetime’s work. When the time comes to sell, ensuring you receive the best possible return on your investment (ROI) is crucial. Realising the full value of your business is not an overnight process. Most owners begin planning their business sale […]