As a lighting supplier, managing the intricate world of imports can be challenging. The demand for lighting products is ever-growing, but along with it comes the complexities of handling deposits, ensuring accurate revenue recognition, managing bill of materials, and navigating the nuances of GST compliance. Additionally, the traditional approach of processing a high volume of …
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July 17, 2023Cash Flow
PencilPay Success Story: ALTI LightingWatch this video on YouTube In 2000, Todd Miller established Alti Lighting, a renowned lighting consultant, importer, and retailer catering to a diverse customer base, including consumers, electricians, architects, and builders. However, the fragmented nature of payments posed a significant challenge for Todd, prompting him to seek an innovative solution. In …
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Cloud Cuckoo Success StoryWatch this video on YouTube After completing a two-year apprenticeship at Bellarine Brewing Company, Max Dent made the bold decision to establish Cloud Cuckoo Island—a company specialising in pre-batched cocktail kegs, cans, and bottles. Max had a clear vision of selling directly to various sectors, including hospitality, retail bottle shops, pubs, clubs, …
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May 24, 2023Cash Flow
One of the most critical factors in the success of any wholesale business is having a solid pricing strategy. The right pricing strategy can help you attract and retain customers, maximize your profits, and gain a competitive edge in your industry. Here are some best practices for optimizing your wholesale pricing strategy to increase profitability: …
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May 10, 2023Cash Flow
Cash flow is critical for the success of any business, especially for wholesalers. Managing cash flow effectively can help you avoid financial problems and ensure that your business continues to grow. In this article, we’ll discuss some strategies for managing cash flow in a wholesale business. Forecast Your Cash Flow: The first step in managing …
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April 19, 2023Cash Flow
The wholesale industry is constantly evolving, with new trends and opportunities shaping the landscape. As a wholesale business owner, it’s crucial to stay informed about the latest developments in the industry to stay ahead of the competition. In this article, we will explore some of the emerging trends and opportunities that are shaping the future …
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