August 17, 2022Inventory
Stocking an inventory of popular goods is an important part of growing your small business. However, filling up your inventory is only a first step. Some businesses suffer rough times or even go under because they fail to manage their inventory. Even a hot-selling item might not help you if you lack the inventory management …
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If your company is one of the many Australian wholesale businesses that supply goods to other businesses, you probably offer credit to your clients. Although it’s risky to issue trade credit, customers will likely take their business elsewhere if you don’t offer this option. Pencil is an Australian company that offers a solution to the …
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August 3, 2022Credit Applications
As a business owner, you likely deal with other businesses that want to purchase your products but cannot pay you at the time of the sale. Extending lines of credit to your customers could be the best solution. You may draw in more buyers if they have the option to pay you later on. However, …
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July 27, 2022MYOB
Best Accounting Software That Integrates With MYOB App A large number of small businesses fail within the first few years of business. There are many reasons startups fail, but one of the most prevalent is simply because they run out of cash. As a small business owner, it’s essential to make sure your cash flow …
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July 20, 2022Cash Flow
5 Strategies To Accelerate Cash Flow in Your Business Maintaining a healthy cash flow is one of your top priorities as a small business owner. Poor sales or a slowdown of customer payments could put your company in financial trouble. The good news is that there are ways to speed up your cash payments and …
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July 13, 2022Credit Applications
The Importance of Business Credit Checks Offering credit to your customers can be a double-edged sword. Because many businesses like the flexibility of being able to pay for purchases over time, offering credit can help you gain more customers, but it can also increase your risk of not being paid. To minimise your risk, it’s …
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