Archive by Author
Why Small Contractors Don’t Have To ‘Walk The Credit Line’
The sun hasn’t exactly been shining on small contractors in the construction sector of late. Months of poor weather has delayed projects and the prospect of the federal election has made developers and government departments antsy about starting new works.
Subsequently the cash pool is getting very low. Many are talking a big game post election, [...]
How SMEs Can Borrow Against Inventory
Getting funding against your existing inventory is easier than you think….Your inventory can be deemed as an asset. Which means if supplier calls you to say that they have a great deal on some materials or products which you know you can sell (maybe not even now, but at some point down the track) you can say: “YES!”…
Unsecured Trade Finance – Old Hat Overseas, New Down Under
Funding based purely on the transaction & not your assets…Since writing my last blog on trade finance, I’ve had requests for a little more detail on how it works. Mind you, one reader in particular was adamant that I leave out banking jargon and legalese in any explanation, so in the tradition of less is sometimes more, I give you: Unsecured Trade Finance.
SME’s seek alternative funding despite interest rate drop
The bottom line is that funding is becoming more expensive for SME business bank customers despite a backdrop of central interest rates and federal government rhetoric.’ PKM Group, a small container transport company located in Sydney’s south west had aspirations for growth. An organic increase in the demand for its service…read on
Protect Your Cash Flow Against Your Customers Collapse
Prevention is the best medicine
In another familiar story just recently construction and development company Austruc Constructions has been placed in the hands of administrators. (read the article on smartcompany.com.au here)
I emailed one our clients who operates in the construction industry and not surprisingly he said “Thanks, I just talked to a few contractors that got [...]
Invoice Factoring And Discounting – The Australian History
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.
