Business Finance

How a commercial broker can help your business

Whether it’s smooth sailing or your business is on the rocks, a specialist commercial broker at your side is your greatest asset. It’s surprisingly easy for businesses to fall into financially hard times. Luckily, MFAA brokers are experts at resolving difficult financial situations to help a business survive and thrive, whether it takes refinancing, restructuring […]

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Strategic growth planning: How to get it right in your business

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 to be about product development and product-market fit. While getting that process right requires a significant time and financial investment, once the product is functioning well and

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Strategic growth planning: How to get it right in your business

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 to be about product development

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What is the difference between remote and virtual?

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 or employment arrangements that do

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Workers, businesses wait on lockdowns before deciding next moves

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 taking on less staff as

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How to avoid paying LMI

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 LMI is payable. Here’s how

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Consumer confidence sinks to lowest level in over a year

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, confidence has now dropped below

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