November 27, 2019Late Payments
For business owners who are looking to obtain a loan for their small businesses, checking your business credit score is a critical step in this process. Here is why. When you apply for a business loan, the lenders take a number of different factors into consideration, this most likely will include your business credit score. …
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November 8, 2019Subcontractors & Tradesmen
As a tradie, writing up quotes is essential to keeping up your workflow. However, writing up costs and summing up quotes is incredibly time-consuming and is almost another job in itself. The trick to making your trades business run smoothly is to be able to generate a quote more efficiently and win more jobs with …
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October 29, 2019Late Payments , Subcontractors & Tradesmen
Many subcontractors are facing financial difficulties lately due to builders going broke or just flat out refusing to pay. In the last 5 years, 20 builders have gone bust. This has affected hundreds of subbies and leaving them tens of millions of dollars out of pocket. Subcontractors are the most vulnerable party when it comes …
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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 cost 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, …
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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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