Finance

The warning signs of business failures: How to avoid not getting paid

September 20, 2016 By BMN

As a small business, it’s vital you set your payment terms and improve your cash flow to make sure you stay solvent. You need to ensure your interests are protected when you deal with other businesses and new customers, particularly if the order is large and requires a lot of investment. Read more about how to decide the best course of action with a late payer: http://www.smartcompany.com.au/sponsored/articles/69221-the-warning-signs-of-business-failures-how-to-avoid-not-getting-paid/

This article was suggested by our mentor Trevor Payne

July 26, 2016 By BMN

Access to loan facilities and financing is critical to the ongoing success of any growing Australian business. Whether you’re buying raw materials ahead of a busy season, looking to hire new staff or expanding into a new territory, it will likely require some form of advance funding. The following article identifies some of the funding options available: http://www.smartcompany.com.au/finance/funding/68322-what-you-need-to-know-when-choosing-the-right-financing-option-for-your-business/

This article was suggested by our mentor Bob Joubert

June 21, 2016 By BMN

The following article explains how you could possibly take advantage of the 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be able to immediately write off assets they start to use or install ready for use, provided the asset costs less than $20,000: http://www.smartcompany.com.au/finance/tax/47014-sme-20-000-instant-asset-tax-write-off-explained-and-it-applies-to-second-hand-assets-too/

This article was suggested by our mentor Bob Joubert

January 20, 2016 By BMN

There are few things more difficult for a small business than trying to collect outstanding debts from customers while simultaneously keeping them happy. Read the following article to discover five tips to help get paid: http://www.smartcompany.com.au/finance/48864-happy-customers-vs-healthy-cash-flow-striking-the-right-balance-between-keeping-a-client-happy-and-getting-them-to-pay-on-time.html

This article was suggested by our mentor Bob Joubert

November 3, 2015 By BMN

One of the most telling findings from the latest Scottish Pacific SME Growth Index report was that only one in five small business owners review their lending requirements on a regular basis and one in two have not reviewed their primary bank relationship for some years. Read the following article to find out four tips to take control of your banking destiny: http://www.smartcompany.com.au/finance/48530-four-tips-for-small-businesses-to-take-control-of-their-banking-destiny.html

This article was suggested by our mentor Stephen Lovegrove