The best way to manage fixed costs
Fixed costs can be a killer in any business – they can creep into any organisation slowly and choke it like a pervasive weed. Here’s how one specialist suggests you manage these difficult expenses.
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Choosing a bank? Consider this first
One of the biggest decisions any small business owner faces is choosing which institution will handle their business banking requirements. If you’re struggling to make this decision, consider these 8 important aspects.
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How hedging can help you do better business
Months of economic turmoil for the global economy has led to instability, which particularly affects cross-border business. While larger businesses are often set up to deal with this volatility, a process called hedging provides an opportunity for SMEs to do the same and maximise profits and revenue, minimise costs, and stay competitive.
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9 steps to choosing the right accounting system
Remember – time is money! What’s the cost to your business if you have to spend 30 hours a month of your time on your bookkeeping? With this in mind, follow these 9 steps and you’ll be well on track to choosing the right accounting solution for your business.
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3 myths about innovation that can change your business
Do you ever feel like your business is stuck in a rut? If you feel you could be more proactive when it comes to moving your business forward, maybe you should consider being more innovative.
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3 ways to make working capital work for you
There are very few forms of capital in this market, so don’t discount the one that’s right under your nose: your own working capital. Here’s some expert advice for making the most of what’s available to you.
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You can use future cashflow to fund business growth
Cashflow finance speeds up cashflow during times of growth, business acquisitions or seasonal sales cycles to help a business reach its full potential. Here’s how to decide if it’s right for your business.
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SMBs unaware of beneficial tax rebates
More than half of small and medium businesses are not aware of important changes to the instant asset write-off scheme, according to a recent poll.
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You can make your cash work harder
Small businesses are doing it tough. The difficulty is many are time poor, and when there aren’t enough hours in the day, focusing on sales and clients seems more important than “back office” finance and accounting functions. This can be a mistake however, as the savings made through savvy financial management can often offset falling revenues.
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3 quick ways to raise cash
Where is cash when you need it? Here’s an in-depth look at the art of raising good debt over bad in a world characterised by a number of emerging new trends.
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5 ways to control operating costs
Feeling the pinch? We’re all looking for ways to trim budgets and our operating expenses. One pain point that consumers, enterprises and small businesses alike share is energy consumption. If you’re an SMB, your IT systems can have a significant impact on your energy consumption. Here’s how to better manage this.
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Manage cashflow for the benefit of growth
Life as a small business owner is challenging. Confidence levels have fallen and cashflow remains a key concern. Cashflow is one area in which some simple changes can have a marked benefit. Here are 10 ways to improve how you manage it.
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Spring clean your finances in 6 steps
As anyone running a business will know, it’s all too easy to slip into bad habits when it comes to financial management. So, just as you’d spring clean your house, September is also the time to revisit your finances.
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What can the big four offer your business?
All the big banks say they’re the best for small business, but they also all want a piece of this large part of the market. To cut through the confusion, here’s an in-depth look at what each bank claims to have to offer SMBs.
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How good reporting eases decision-making
Whether you’re making decisions about how much stock to order, what extra promotional activity should be undertaken or if you can afford to pay an employee more money, reporting plays a vital role in understanding the impact any choice has on your bottom line and cashflow.
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Self managed superannuation – is it for you?
Most people know something about self managed super funds (SMSFs), the do-it-yourself version of compulsory superannuation. But for many people, the many benefits of SMSFs – as well as the potential costs – are unknown.
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How do you manage creditors and debtors?
Dynamic Business, as the voice of Australia’s small businesses, is again conducting its Credit and Debt Survey in partnership with CreditorWatch. Every person who completes the survey will go in the running to win one of three annual CreditorWatch subscriptions, valued at over $200.
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What impact does carbon pricing have on SMBs?
On July 1 2012, in a flurry of media coverage, the Government’s carbon pricing mechanism, established by the Clean Energy Act, commenced operation. But what impact will this new legislation have on small businesses?
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RBA leaves cash rate unchanged
The Reserve Bank has again left the official cash rate on hold at 3.5 percent, citing on trend inflation and growth as well as a rise in the number of businesses applying for credit.
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The 3 Cs of effective credit risk management
When you go into business, you’re also taking on a certain level of risk – and none more so than when you extend credit to new customers. In an uncertain economic climate, small business owners are acutely aware that each day they are waiting for their invoices to get paid is another day money isn’t coming through the door.
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