SME’s seek alternative funding despite interest rate drop
by Leigh Dunsford on 03/03/10 at 11:15 am
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
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.
Accounts Receivable Cash Flow, Your Lifeline To Survival
Rescue your cash flow by keeping on top of your debtor payments
Accounts receivable is a vital cash driver because at the end of the day, your business day’s receivable could be the defining factor in terms of the financial viability of your business.
Cash is practically the lifeblood of your business and it drives each and [...]
Why Is Cash Flow So Important For A Company’s Existence?
Whether you are a manufacturer, retailer, distributor or service provider, it is important to know and understand the internal and external factors that can impact your cash flow. In particular, it is necessary to understand which factors have a direct connection with your accounts receivables and affect cash flow.
Customer Service And Its Vital Role In Cash Flow
Listen to your customers and increase your cash flow
A very over looked area of a business and often a vital area is the customer service of a small or large business. Large companies spend hundreds of thousands of dollars on improving customer service which is usually the most common complaint area.
Small business, although with their [...]
Purchase Order Finance – How Can Your Business Benefit From It?
Purchase order finance is one of the best ways for a business to get almost instant access to funds. Every business faces a cash crunch at some time or other, particularly when suppliers are waiting to be paid, and there is no way you can get your own accounts receivables within the next thirty days. This latest article explains in details the process…
What Is Invoice Factoring All About?
The answer to your cash flow is locked up in your invoices!
Okay – it’s about time we got a good understanding of what invoice factoring is and how it works. One of the most appealing definitions of factoring is “a non-debt solution to cash flow needs”. It is literally money at your fingertips. Factoring [...]
How Does Purchase Order Finance (AKA Import Finance) Work? (training video)
Usually used for when you have a large order placed by your customer that you cannot afford to get manufactured. You’ve used up all the money tied up in your invoices for working capital. Now you require even more more cash to take on those orders. SOmetimes this kind of finance is known as Import [...]
Fourteen Top Debt Collection Tips To Help You Get Paid
The most common problem we find with clients is their inability to make those very important collection calls for overdue invoices. Most small businesses struggle with this aspect as usually the person doing the collecting is the person who is doing the work which can make it a little daunting to pick up the phone.
Take [...]
I am Lost Trying To Choose The Right Factoring Provider
We often refer potential client on to other factoring companies or banks so we have put together a brief overview of how to communicate with a potential factoring provider. Have a read of this brief blog post and get an idea of what will be discussed when you start calling around…
What Additional Services Does An Invoice Factor Provide?
The primary service is, of course, factoring. Factors are in the service industry and, in addition to their main job, they also provide several extra services that can be highly beneficial to your business. So make sure to find out what else the factor can do for you besides factoring your invoices. Some of these [...]
What is Forensic Accounting? (training video)
If you have ever wondered what is involved in the field of forensic accounting, then this video will leave you in no doubt.
How do you keep your business going? Paul Sweeney, Managing Director of SV Partners gives some valuable advice (training video)
“A wise man puts all his eggs in one basket and watches that basket like a hawke” – not sure who wrote that, I read about it (in a book). This week we are extremely lucky to have the opportunity to interview the Managing Director of SV Partners.
How do running costs or operational expenses and cash flow relate?
After you have tried your best to improve sales growth, cut costs while maintaining quality and competition, reworked your distribution channel strategy to expand your market while maintaining a steady gross margin, the next step is to concentrate on operating expenses. Where does it all end?
How do I improve my gross margins without losing business?
Maintaining and growing gross margins is a key driver in keeping your business in profit and maintaining a healthy cash flow. At the same time, you must constantly be working out ways of increasing your margin while not losing PROFITABLE customers. This article touches on factors to take into consideration when increasing margins.
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Wine Producer Yarraman Estate Wines Talks About Cash Flow Management in the Wine Industry Part 1
We travel to the Upper Hunter Valley this week to bring you some sound advice from the Chief Winemaker at Yarraman Estate Wines.
What Are Invoice Finance Rates And Fees? How Much Does It Cost?
Continued cash flow helps a business survive. In reality, most businesses constantly struggle to meet their operational expenses, while groaning under the weight of accounts payable and delays in accounts receivable. In such a scenario, invoice factoring has emerged as an excellent solution that gives the business immediate access to cash, without the shadow of debt. With invoice factoring, the business is not at the mercy of banks and their tough procedures, or lenders who expect a share of the business.
Free Guide on Accessing Unlimited Cash Without The Use of Debt
If you want to know everything there is to know about how a small business can obtain access to virtually unlimited funds without getting into debt, then this book is a must read.
Invoice Factoring, Debt and the Printer Finishing Business (video)
Keith Williams from J Williams Binding has been in the printing industry for well over 20 years. In this video he shares some valuable tips and advice.
Trade Credit: Avoid destroying your cash flow (video)
We have all heard the stories about how both large and small businesses have been taken down when one of their customers goes broke. Here we learn how to manage this risk.
