It’s an unfortunate fact that some customers are not trustworthy and even many honest customers don’t pay on time. Industry research indicates that more invoices are paid late than not. Implementing an effective credit policy that includes checking the credit report of new customers can help you avoid the customers who are most likely to …

Mitigating risks also goes a long way toward ensuring losses are minimal and earnings are high. So, what can you do to reduce or eliminate the unique B2B supplier risks you face? 1. Determine Your B2B Supplier Criteria Take a look at your current sales and payment data. What would you like to change? Are …

Setting up Xero Payments is easy. You’ve done all the hard work by winning clients, doing the work and sending them an invoice with your accounting software like Xero. Yet, more than 50% of all invoices are paid late and 4% are not paid at all. There are many reasons why it is hard to …

Proper management of your debtors is essential. A well-managed pool of debtors will see debts paid faster and lessen the build-up of bad debt in your business. Without proper management, you can expect some of your customers to become large burdens on your cash flow. But management of your credit can be tough – as …

Throughout the lockdowns, coffee roasters have taken a hit. Some creative roasters have been able to figure out a way to thrive during these events. While Australia’s coffee scene is one of the strongest in the world and is recovering faster than most, things aren’t quite as stable as they once were. In this climate, …

So you’ve been testing, trialling, making and selling your beer for years, sometimes decades. With countless hours in loud, cold rooms surrounded by steel vats, sometimes you might wonder “what’s it’s all for?” This article is intended to help you think about the pro’s and con’s of selling your Craft Brewery or Distillery for the …

The way we’re going to be judged after the pandemic, is how we’ve treated each other in the face of hardship, The question we really need to ask ourselves is “Are we going to be able to continue a mutually beneficial relationship and look each other in the eye when things return to the new …

Business advisors have been put through the ringer over the last couple of weeks. If you’ve been fielding “the world is ending” calls, you know who is keeping cool & who needs to acclimatize. Customers keeping cool will innovate and be nimble. They will look for growth opportunities outside of BAU, in preparation for a …