Many of Australia’s small and medium enterprises (SMEs) are at risk of missing out on the vital funding necessary to grow their business because they’re not properly prepared when approaching a lender, new research finds. Here, we share some important tips to help you avoid the common mistakes many businesses make when seeking finance. State […]
It’s not always easy keeping up with today’s rapid pace of technological advances. We’re constantly being enticed to upgrade to the latest tablet or smartphone … or smartwatch. And it’s the same in our homes with laptops, desktops, TVs and even our kitchen appliances. It’s a never ending battle of out with the old, in […]
For many businesses, especially those outside the tourism and hospitality sectors, the period between Christmas and the end of the summer school holidays can be a very quiet time. Regular customers leave town for a family break by the beach, or else suddenly realise they’ve overspent on Christmas and need to tighten their belts come […]
With Australia’s 2 million small and medium-sized businesses making up more than 95% of all businesses in Australia (employing around 70% of the country’s workforce) the importance of SMEs to the Australian economy is clear. With the important role SMEs collectively play in the Australian economy, it’s vital therefore that individually, small and medium-sized businesses […]
Today, many self-employed operators, small businesses and organisations require specialist equipment and the latest technology to operate efficiently and to effectively compete in the marketplace. While this equipment can be expensive to purchase upfront, it often depreciates in value quickly and becomes obsolete in just a few years. Therefore, using your own capital or borrowed […]
This month in our series on Advice vs Price , we examine the importance of understanding the policy wordings contained within individual business insurance policies as even small differences in policy wordings between policies could have a significant impact when it comes time to make a claim. Business insurance policies are long, complex contracts. Policy […]
Did you know that your business — even the smallest company — may have a credit profile that can affect its success and may contain errors? If you’re not nurturing your credit profile, you could be losing opportunities for financing, new customers, and credit with suppliers. It’s common practice for businesses to check customer credit reports, but […]
You have your business properly insured, and while this provides peace of mind knowing your livelihood is protected, that yearly insurance premium often seems to fall due at the most inconvenient time. Do you juggle expenses to find the money? Or do you reach for the company credit card? As a business owner, you understand […]
When applying for a business loan, you can increase the odds of obtaining the finance you need by understanding the lending process. When assessing loan applications, lenders will look for sources of repayment and examine the creditworthiness of both you and your business. Basically, this will involve demonstrating your ability to meet the following Five […]
