Helpful articles and resources around a range of topics:
You’ll find plenty of helpful articles – with new ones added every week!
It’s exciting yet unpredictable times ahead as the business landscape starts to shift in Australia as we redefine life after covid lockdown. If you are overwhelmed with where to start, here are four key areas to focus on to guide you in the right direction in repositioning your business:
Vaccination rates are on the steady rise – and in fact ahead of schedule – which means Freedom Day is almost here for NSW! Hopefully, the rest of Australia will get there soon, but in reality – no matter where you’re based – it’s not too soon to start thinking about what reopening your business looks like.
Let’s face it, it’s never too early for inventory planning as we creep closer to peak season – mainly due to outbreaks of the Delta strain forcing closures of ports and putting a massive “strain on nearly every point in global supply chains”, which could mean huge delays in getting consumer goods into Australia – ouch!
Cash flow is the money coming in and going out of your business. Managing cash flow is the single most important thing a business can do – as without it, the business could cease to exist. Without knowing this balance, how can you make informed business decisions about investments, staffing, capital, suppliers, and stock?
Check out the Do’s and Don’ts of cash flow management.
No matter what you’re going through, you are absolutely not alone! Being a small business owner can be the most rewarding, but also the most challenging thing you can ever do. You’ve got to have grit and persistence if you want to succeed. But most of all, you’ve got to be ready and willing to adapt and be flexible. Check out some of the biggest small business challenges in 2021.
Manufacturing business loans are important when running a small business is difficult and not at all inexpensive. Big money is needed to set up the enterprise and get it running, but also to maintain inventory and support the costs of operations as the business slowly gains ground.
