Collecting your money faster
Credit limits are designed to prevent debt from escalating out of control. Put a credit limit on all customer accounts and then put an automatic …
Author: Kim
Posts by Kim
Your guide to equipment finance
Investing in new fixed assets such as machinery, vehicles, technical equipment, or property can be a critical step in growing your business. You’ll generally need …
Reducing risk and building resilience
Running a small business comes with constant uncertainty, from market fluctuations and rising costs to natural disasters and changing regulations. For business owners, even a …
How better financial reporting helps you grow faster
In today’s fast-moving business environment, small businesses face increasing pressure to make well-informed decisions quickly. Whether you’re running a local café, a boutique agency, or …
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A guide for effective cash flow management
An up-to-date business cash flow forecast can help you manage your business more efficiently. It’s an estimate of the amount of money you expect to …
7 Step Strategy to Increase Sales
If you want to increase sales as quickly as you can, you’re going to need an efficient marketing plan and a highly targeted sales strategy. …
Metrics to measure business progress
Here are 5 important metrics to pay attention to when it comes to the success of your business, including ways you can improve them. 1. …
Tactics to avoid running out of money
A business can survive for a short time without sales or profits, but not without cash. It is cash which pays the bills and allows …
Stay alert from ATO scams
Criminals are impersonating the ATO to steal identities, access bank accounts, and defraud Australians, often using highly convincing emails, SMS messages, and phone calls. There …
Choosing the right accounting software for your small business
Selecting the right accounting software is a crucial decision for your small business’s financial health and accuracy. With numerous options available, this process can seem …
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Tired of chasing payments? Handy tips for managing your receivables
Running a small business is a constant juggle, and one of the more frustrating tasks is managing your receivables. How often have you found yourself …
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How to strategically allocate resources for optimal growth
As a business owner, you understand that growth doesn’t just happen – it takes smart decisions, dedication, and a clear plan. One of the most …
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Driving Sales and Revenue
Improving sales and revenue can resolve many business challenges. When more money comes in than goes out, your business stays solvent, giving you time to …
How to Efficiently Manage Small Business Admin
Running a small business is exciting – but let’s be honest, managing the admin side of things can feel overwhelming. Between keeping financial records, looking …
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Why ‘How to Win Friends & Influence People’ is still a must-read
If you’re a business owner, chances are you’re juggling a lot—keeping your team motivated, negotiating with partners, meeting customers’ needs, and trying to build meaningful …
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10 Concepts Every Small Business Owner Needs To Understand
Even if you have outsourced your financial functions, as a small business owner, it is crucial to have a solid understanding of key financial concepts …
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What is Cost of Goods Sold (COGS)?
If you’re a small business owner or a startup founder, you’ve probably heard about Cost of Goods Sold (COGS). But what does it really mean, …
The importance of bookkeeping
As a business owner, you’ll need to stay informed about your finances and your financial situation. You do this through bookkeeping. Bookkeeping is the process …