Improving your cash position brings opportunities and reduces business risk. In the absence of equity and debt financing,alternative cash-flow management strategies can make a positive difference. These ideas will not apply to ALL businesses but perhaps there are some you can implement.
Read MoreTopics: Business Improvement, Business Continuity Planning, COVID-19, Cash Flow
As accountants, we like our clients to focus on activities that have the biggest positive impact on the business. That leads to business resilience and organizations which thrive even in uncertain economic times.
Read MoreTopics: Business Improvement, Business Resilience
Economies tend to face headwinds every ten years as the business cycle moves from periods of growth to contraction. While recessions are challenging for small and medium businesses across Australia, it doesn't mean there aren't significant opportunities to strengthen your business and come out of challenging times stronger and more profitable. In this article, we're sharing five ways you can recession proof your business.
Read MoreTopics: Wealth Creation, Risk Management, COVID-19
It's not obvious that you HAVE TO extend credit terms to your customers. If you do, negotiate terms which are favorable to your business so you get earlier access to cash. A small change can make a big difference. Watch this short video for more on this topic.
Read MoreTopics: Debt Management, Business Continuity Planning, Business Resilience
Watching businesses deal with recent business conditions reveals that some are struggling for survival while others are ‘going gangbusters’. Businesses at both of these extremes share one priority… which is to carefully manage cash.
Read MoreTopics: Business Continuity Planning, COVID-19
