Australian businesses entering administration dropped 60 percent last year. 2021 could therefore present more business challenges, particularly for SMEs.
More than most, small business owners are responsible for ‘knowing their numbers’. But what happens when financial literacy is variable across the board?
In small business you need to wear many hats, but trying to do it all is a recipe for disaster, not success. Hiring a bookkeeper is often the first step.
For many businesses, invoice payments are a source of ongoing cost and headache. In this article, Graham Bowers discusses ways to improve your situation.
Business in the trades and construction sector often have issues with cash flow, and fixing those issues means figuring out how to get paid faster.
Virgin Australia’s recent collapse can teach SMEs the importance of cash flow, being self-sufficient, and how to face harsh realities with dignity.
The way we’re spending our money in lockdown has changed. Here are seven simple ways to save money under COVID-19 lockdown.
Husband and wife team Michael and Paola Karamallis had to make the best of a bad situation when coronavirus wiped out the vast majority of their business’s projected revenue.