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With the Australian economy rapidly shifting to brace for the impact of the impending global recession. With a contraction looking inevitable, and many smaller businesses requiring external finance, how can SMEs support their businesses when access to traditional finance becomes harder?
With inflation and an economic downturn on the horizon, it’s the perfect time for businesses to look for ways to boost their cash flow and ensure they can stay afloat in a challenging environment. One of the best ways to do this is through financing. Yet there are many different types of business loans, so it’s important to know what you’re signing up for.
As an integral component of working capital, cash is critical for small businesses. It ensures employees and suppliers can be paid if income is slow and profitability is delayed. But according to Capify’s Q1 2022 Confidence Survey, a growing number of business owners are being kept awake at night by worries over cashflow.
Many financial institutions are only now beginning to understand the implications of changes to Australia’s cash rate. While it is a topic most business owners will not have time to research right now, this article aims to prepare you for future opportunities and challenges. We also cover the changes to Australia’s cash rate and how it will effect financial institutes. Read on to learn more.
As 30 June draws closer, we’re almost at the end of the financial year. Yet this time is about more than just filing your taxes. It’s the perfect opportunity to tidy up your finances and review your operations or take advantage of ways to maximise savings and spending. With a focus on SMEs and business owners, here are some top tips for EOFY 2022.
If you run a small business, you probably spend a lot of time thinking about profit. How much did you make? Is it up on the previous year? What do you need to sell to increase it? To get you started, we’ve taken a look at why cash flow could be key, and debunked some of the most common myths about profit.
