Invoice Factoring And Discounting – The Australian History
by Leigh Dunsford on 25/11/09 at 9:38 am
Ok so we have covered the history of invoice factoring in our last blog post, so now it’s time to focus on how it all began in Australia. Factoring saw its beginnings in Australia in the early 1970s initiated by the non bank financial institutions and organizations…
Invoice Factoring And Invoice Discounting – A Brief History
Never heard of invoice factoring before? Thought it was something new? You will be surprised to know it’s almost as old as sliced bread! Get the history and learn if you might benefit from using it. The concept of invoice factoring revolves around buying a business’s unpaid invoices…
Effect Of Invoice Factoring On The Cash Flow Cycle
The plug again for Invoice Factoring. Let’s take a quick look at Invoice Factoring again, after all it is our main service offered to small businesses so we are allowed to plug it once and a while. The typical business cash flow cycle involves delivery of goods or services, along with the invoice to the customer…
Social Media, Can New Laws Damage Business?
I came across a recent article at thenewlawyer.com.au recently and it didn’t surprise me to see that in Australia new laws have been set in place that can ultimately discourage businesses from embracing the new social media or Web 3.0.
Quality Control, Does It Improve Cash Flow?
Don’t let your business breakdown from poor quality. Any business strives to ensure that goods against orders are supplied properly, and any possibility of goods returned is minimized. This is because, returned goods mean that the customer is either not happy with the goods….
Become A Contributor To The Cash Flow Buzz
Do you have a blog-related news item or an idea for an article that you wish to share with small business owners? Contributing content to the Cash Flow Buzz can greatly benefit you by providing more exposure for your name and site…
Tips To Reduce Deductions And Disputes On Invoice Payments
Keep a close eye on your internal processes! In the case of defective goods, a return is obvious. When this happens, quality control, purchasing, sales, customer service and the credit department must all have good communication so that problems are minimized.
How Do You Manage Legal Risk? Peter Aked – Eakin McCaffery Cox
Protecting your business with good documents might just be your last line of defense! In today’s economy managing business legal risk is one of the most common challenges businesses face. This week Peter Aked from Eakin McCaffery Cox explains that there are two aspects to this…
Is It Worth Paying A Collection Agency?
When your frustration has completely boiled to the surface with you debtor/s it may be time to call in a debt collection agency. Typically once your invoice has reached 90 days the chances of recovering your debts becomes exponentially lower…
The Cost Of Employee Theft
“The Australian Retailers Association estimates that more than half of stock “shrinkage” is from employee theft. And the Australian Federal Police says 70% of all business fraud losses are from staff or former staff, amounting to at least $1.5 billion a year.
Discounts For Early Invoice Payments, Do They Work?
I often get complaints from new clients that they offer discounts for early payments on invoices, however their customers either send a cheque on the due date (which obviously gives them up to seven extra days!) or simply pay late and deposit the discounted amount making it not worth your while to chase them for the rest.
New Customers Can Lead To Complete Business Failure
Be careful not to be tempted by the dangling carrot of concentrating all your risk on just one of your customers, the results can be devastating to your business. Now generally speaking, as a small business owner what we are about to talk about may sound excessive when taking on new customers however as you grow and want to extend more and…
Production Of Your Goods Or Services Is Expensive
Unless you’re a one man band, it’s going to cost you!
Obviously you are aware of what expenses you are incurring with operating your business from day to day.
I thought I would give you a brief rundown of the types of expenses again to refresh your memory.
Direct costs related to producing goods or services can be [...]
Early Intervention Is The Key To Saving Your Business
Is it time to take the road less travelled?
Up to 80% of new businesses become insolvent and fail, most within the first five years of inception.
So how can you avoid possible liquidation?
For Australian business owners, the most likely route once cash flow has dried up and with the creditors knocking on the door, is to [...]
Communication Is Paramount In Preventing Insolvency, Peter Krejci From BRI Ferrier Explains
Once the howling has started from your creditors, communication is your only hope for survival! More often that not we see business owners in trouble and they fail to do the one of the most critical things, communicate with their creditors. Suck it up and get on the phone, explain your problem…you might be suprised.
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