According to the survey: 30% have had to delay payment to suppliers, 20% say late payments have stopped them from having the confidence to grow their business, 16% had to borrow additional funds from a bank or other lender, 8% almost went out of business, 5% had to withhold wages and salaries from staff and 4% […]
New incentives to boost investment in start-ups
- Business.gov.au
- Money, Technology
Who will benefit? The tax incentives will benefit: innovative companies investors venture capital funds. What are the tax incentives? Incentive one Tax breaks will be given to investors who support innovative startups, including: A 20% non-refundable tax offset on investment capped at $200,000 per investor, per year. Modified capital gains tax for qualifying investments held […]
How Receipt Bank Will Make Your Business More Productive
- Float
- Money, Productivity
And hands up if you think this is a bit tedious… Well good news! It doesn’t have to be that way! Because Receipt Bank is changing the way things are done. How Receipt Bank Makes Handling Accounts Payable Easier You probably receive bills, invoices and receipts in a variety of formats: in the body of […]
If You Don’t Got the Time, You Don’t Got the Money
What is time? Clichés. Can’t live with them, can’t live without them. (See what just happened there—it’s that bad). The most widespread, just-waiting-to-pop-out-at-you, cliché is a very short one, measuring just three words—time is money. Usually, you hear this quoted by someone who is still waiting for the moving company to arrive. Or if someone […]
How to Double Your Retail Sales: Lessons from the Gift Shop Poopsie’s
- Vend
- Money
But Poopsie’s has grown tremendously since then. Not only have they more than doubled their annual sales, but they also have an average of 15-20 employees. In this article, we explore how Alana and her team achieved their impressive results. Specifically, you’ll learn: How investing in staff training helps their store be more successful The […]
How to ensure your jobs are profitable
- SimPro
- Money
This is a guest post from Tony Fraser-Jones, Director at Profitable Tradie. If you’re in business, making decent money is important. Sometimes, though, it doesn’t always work out the way you’d planned; you may find that your profits are low, or your cash flow is slow. This can really take its toll on the […]
Virtual Currencies: Bitcoin and other Virtual Currencies
- ASIC
- Money
What are virtual currencies? Virtual currencies are digital currency or electronic money. They do not physically exist as coins or notes. Many digital currencies (also called crypto currencies) started in online gaming communities or on social media. Although they can be used as a form of payment if another person is willing to accept them, […]
Should Your Business Consider Discount Pricing?
- Unleashed
- Money
Pricing strategy affects most aspects of a business, including its revenue, market share and profitability. As a general rule, low prices are considered to attract customers, making cut price or ‘discount’ pricing strategies increasingly popular. Should your business consider a discount pricing strategy? What is discount pricing? At its most simple, discount pricing involves charging […]
Avoiding the awkward: How to talk to your customers about debt payment
- Debtor Daddy
- Money
Surely there’s got to be a better way – and there is. Following best practice when chasing invoices will go a long way toward making this most tiresome part of the month a lot easier, as will automating what parts of the process you can. So what’s the best way to get paid while avoiding […]
Tackling your cashflow challenges this Christmas
- Float
- Money
Most of us look forward to Christmas as a time for fun, festivities and spending time with the family. If you’re a small business owner though, it’s not always the carefree holiday you might hope for. Christmas can bring its own challenges for business owners, especially where cashflow is concerned. However, it doesn’t have to […]