October 24, 2019Media , Wine Merchants
Do you want the government controlling your business dealings? Stemming from an 18-month investigation, the ACCC has now published their findings into quality & payment issues regarding grape and wine producers. Wine Making & Testing Methods There is a recommendation that all winemakers must follow the same methods for testing and sampling their grapes and …
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October 21, 2019Late Payments
Collecting payment on a job/project you have worked on can be a difficult task at times. However, most of the time these delays happen because of simple misunderstandings and poor communication. A quick phone call can clear these things up. Although sometimes a phone call isn’t enough. Here is what you can do to get …
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October 7, 2019Late Payments
Dealing with late payments and unpaid invoices is one of the most common problems business owners face day-to-day. Late payments to small businesses negatively affect their operations. They have staff to pay, equipment costs to cover, and various other bills. If paid late, the demand for these costs can close a business down if they …
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October 2, 2019Cash Flow
“Cash is king” is an overused expression, but it is a saying that is true and vital to a small business’s survival. One of the main reasons why small businesses fail is due to the poor management of cash flow. So here we have listed 5 rules for you to follow. These rules will make …
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September 30, 2019Late Payments
Businesses are slowly getting better at paying on time, but sadly for wholesale distributors, this is far from the truth. Wholesalers are still suffering from the late-paying habits of their retail customers. According to Xero’s recent study, the retail sector remains the slowest payment times, paying bills an average of 23 days late. This, of …
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September 23, 2019Invoicing
Sending invoices to your customers is obviously a very important step in receiving payment. But you would be surprised to learn that many business owners have a poorly constructed invoicing system and mistakes are made constantly. These small invoicing mistakes can lead to larger problems for your business, such as dealing with late payments. We all know that reoccurring …
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September 16, 2019Late Payments , Subcontractors & Tradesmen
No matter what trade you’re in, we all face a common issue… Not being paid on time. Or sometimes, not even getting paid at all! When you’re busy finishing up on a job and booking new ones, there is nothing worse than having to worry about chasing up customers for their late invoices on-top of …
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September 2, 2019Late Payments
We all know that sales are what keeps us in business, but if we don’t receive the money we are owed, sales won’t achieve anything for us. According to ASIC statistics, having bad cash-flow is why most companies fail. To give you an precise figure, a survey undertaken by Xero showed that if invoices went …
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August 28, 2019Late Payments , Wine Merchants
The Alcoholic Beverage Industry is at the mercy of the market. This means that when Retailers and Hospitality venues are struggling, cash becomes tight and suppliers are always the last to be paid. Wine and liquor suppliers & distributors need to observe some basic customer management rules in order to get themselves to the front …
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July 22, 2019Media
Australian small businesses are the backbone of our economy, responsible for 60% of GDP and 20% of all employment. Innovation has enabled SMEs to behave like larger companies in many industries, but there is a problem the small business community faces. ASIC thinks this is the #1 reason for failure of SMB; poor management of …
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