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 […]
Understanding Your Cash Flow Statement
The cash flow statement provides a detailed summary of how an entity has generated and utilised cash and cash equivalents over a specific reporting period. For each reporting category, cash inflows (receipts) and outflows (payments) are recorded, with the net movement reported as either an increase or decrease in cash for that category. The cumulative […]
How to optimise your business: go digital and automate the business
Tech-savvy organisations are making significant progress by integrating software, artificial intelligence (AI), and automation into their operations. Transitioning to digital solutions can be one of the most prudent decisions for the future growth of your business. Cloud-based systems and AI-driven tools are essential components of a modern, digitally enabled business. While existing legacy systems and […]
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 […]
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 […]
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: what happens once you exit
Now that you’ve successfully completed the sale, an important question arises: what comes next, and how do you envision the next chapter of your life? Let us now explore the potential directions your journey could take. Exiting a business is a significant milestone. You have devoted years to transforming your enterprise from a start-up into […]
