Businesses use strategic growth plans to guide their increase in market share sustainably. Here’s how you can create and refine your own. Ambitious business owners are often driven by a growth mindset when it comes to building a successful venture. In the early stages of a business, the focus tends […]
Strategic growth planning: How to get it right in your business Read More »
Businesses need capital if they are to grow, and sometimes need finance solutions to raise capital. If you are unable to raise capital through a loan, equity may be an alternative solution. “Equity can be a very good solution for businesses where they need capital to grow,” says an MFAA accredited
How to secure equity finance Read More »
Increased connectivity allows companies to expand their workforce across the globe to create teams whose members may work from remote locations and across different time zones. Here we explain the aspects that differentiate virtual teams and remote teams. Remote v virtual Remote working and virtual working arrangements are both work
What is the difference between remote and virtual? Read More »
Australian businesses and staff alike are waiting to see what will happen post the COVID-19 pandemic before deciding whether to increase staffing levels or change their jobs, government figures have shown. Fresh from Australia reaching its lowest unemployment rate since 2008, the National Skills Commission (NSC) has shown businesses are
Workers, businesses wait on lockdowns before deciding next moves Read More »
Lender’s mortgage insurance (LMI) is required when the value of a loan is more than 80 per cent of a property’s purchase price or property valuation if refinancing. In very basic terms, a lender considers a loan to carry a higher risk if the loan-to-valuation-ratio (LVR) is above 80 per cent and
How to avoid paying LMI Read More »
The ongoing surge of Omicron continues to impact consumer confidence. Consumer confidence dropped 7.6 per cent in the second week of January, according to the latest survey from ANZ and Roy Morgan, reaching its lowest level since October 2020. Following a smaller decline in the first week of the year,
Consumer confidence sinks to lowest level in over a year Read More »
Predictions and speculation that Australian consumers would rush to release pent-up demand following the end of long lockdowns has proved accurate. According to data released by the Australian Bureau of Statistics (ABS), retail turnover continued to rise in November 2021. This increase followed a 4.9 per cent rise in October
Retail spending hits pre-Omicron high Read More »
The financial aspects of acquiring premises for your business can be quite confusing. It’s important to be informed and understand what you can achieve by purchasing property. Finding the perfect premises for your business can be a difficult process, and finding the right finance for it even more complicated. The
How to find finance for business premises Read More »
If your business is paying rent while your super sits around getting fat, it’s time to consider putting your super to work. Is your business paying rent to an investor for its premises? Using your self-managed super fund (SMSF) to purchase business premises means that your business would pay rent,
Why is your business paying rent? Read More »
According to the Bureau of Labor Statistics, about 20 per cent of small businesses fail within their first year and only half make it to their fifth year. Two of the biggest reasons why small businesses fail stem from money: insufficient capital and unchecked cash flow problems. Some business owners
Should you borrow a business loan to start your business? Read More »
If you’re running a small business, one of the biggest problems you face is cash flow. Here we look at some of the ways in which you can improve the cash flow of your business, including: Overdrafts Credit cards Factoring, debtor finance or invoice
Improve the Cash Flow of my Business Read More »