How to optimise your business: get proactive with your finances
Maintaining control over your finances is critical to keeping your business on course. But are you doing all you can to optimise your financial management practices? Let us explore how to achieve greater control over your financial position. Timely and Accurate Financial Data at Your Fingertips A primary reason for the failure of many start-ups […]
Business tips: Using forecasting to help your decision-making
Producing regular management reports is a critical step in enhancing the quality of business decision-making. However, historical financial data alone offers limited foresight. In today’s dynamic business environment, it is essential to look beyond the past and focus on the future. Leveraging forecasting tools enables businesses to project data forward, offering a clearer perspective on […]
Holiday cash flow for your small business
Planning to take a well-deserved break from your business this year? The holiday season can place significant strain on small businesses. Operating expenses continue as usual, while cash flow may be disrupted if debtors are also on holiday. Is your cash flow prepared to sustain your business during this period? With strategic planning and proactive […]
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 […]
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 […]
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, […]
Could the surcharge ban on card transactions help your business?
For many business owners, the surcharges on customer debit card transactions represent an operational expense they would gladly eliminate. The Australian Government has signalled its intent to address this issue, announcing plans in October 2024 to ban debit card surcharges from 1 January 2026. This proposal is subject to consultation led by the Reserve Bank […]
Business plant and equipment: Buy or lease?
When your business requires new plant or equipment, determining whether to purchase or lease can be a complex decision. The best choice will vary depending on individual circumstances; however, there are fundamental considerations to guide you through the decision-making process. Benefits of Purchasing Benefits of Leasing Conducting a Financial Analysis for an Informed Decision Choosing […]
Data-driven decision-making: cashflow and financial health
In this article, we examine how the proactive utilisation of data can enhance the cashflow of your small business and contribute to the overall financial health of your company. Are you aware of the significant impact that data analysis can have on your cashflow? It is widely acknowledged that ‘cash is king’, yet managing the […]
