Cash flow

Advice What can I do about late payments?

Late payments are an irritating but inevitable factor of running a start-up business. You can never completely prevent sluggish payments from customers, but there are some steps you can take to minimise your exposure to them.

Advice How do I accept different types of payment?

Gone are the days when people carried around wads of cash to pay for their goods and services. Today, gangsters and the Queen appear to be the only people who rely on notes rather than plastic for large bills.

Advice What do I do if I’m hit by a downturn?

Several factors can disrupt your cashflow, some within your control and some not. While there is little you can do to stop recessions, tax hikes and tardy customers, you can react in a proactive way in order to safeguard your business.

Advice How do I manage day-to-day cashflow?

Many aspiring entrepreneurs dream of huge profits when they start up a business. The reality is, however, that without an effective cashflow system, your business won’t survive long enough to pull in a dollar surplus.

News Australian retailers tipped to emerge from two-year slump

Retailers can rest assured the industry will emerge from its two-year slump next financial year, according to Deloitte Access Economics, which predicts sales to increase by 2.6% in 2012-13.

News Coalition committed to first-year surplus, Hockey says

The Coalition would deliver a budget surplus in its first year in office, says shadow treasurer Joe Hockey, but managers and consumers will determine the fate of individual businesses.

News Three-pronged pay push will hurt employers, business groups claim

Employers will face a three-pronged pay push in coming months as unions seek pay increases for adult apprentices and other workers, while junior retail workers could also receive a pay rise.

News RBA leaves interest rates unchanged despite small business concern

The Reserve Bank has matched economists’ expectations by leaving the cash rate unchanged at 4.25%, saying information on the nation’s economy continues to suggest growth close to trend.

Taskmaster Do some worst-case scenario planning

With the market in turmoil, now is not the time to panic, but some smart scenario planning will ensure that you can react to changes in the economy and in your sector in a fast, considered way.

News Jittery Australian firms fret over 2012 prospects: Report

About 30% of Australian businesses are worried about their prospects for the year ahead, new research shows, while the number of businesses planning to sell or close down has fallen 6%.

News User review start-up Yelp valued at $US1.3 billion in IPO

Tech start-up Yelp saw its shares surge as much as 60% on its public listing debut on the Nasdaq stock exchange, valuing it at $US1.3 billion.

News More Aussies ‘financially fit’, but it’s bad news for retailers

Only one quarter of Australians are considered “financially fit”, according to a new survey, but 44% of respondents say they have become more conservative in their spending habits.

Taskmaster Don’t get too caught up in politics

Leadership tussles may be fascinating, but don't lose sight of what's really important.

News Australian consumer confidence tops developed nations

Australians have the highest consumer confidence of all developed nations, new research shows, with more people spending money on home improvements, decorating or new technology.

News Consumers prefer cafés over pubs: Report

Australian consumers are choosing to catch up over a coffee rather than drinks at the pub, new research reveals.

News Just one in 10 local business leaders consider themselves stressed: Survey

Less than 15% of Australian business leaders consider themselves stressed, new research shows, as the latest National Australian Bank survey reveals improved confidence in the December quarter.

News Start-up numbers fell 95% in 2011: Dun & Bradstreet

The number of new start-ups fell by a whopping 95% over the last 12 months, according to the latest Dun & Bradstreet report, as record numbers of small businesses continue to go bankrupt.

News SMEs suffering from plummeting business confidence: ACCI report

The small business sector is continuing to lose confidence in the economy, according to the Australian Chamber of Commerce and Industry, as it calls for changes to unfair dismissal laws.

News Store closures to have minimal impact on retail rents: Report

Retail rents are expected to remain stable in 2012, according to Colliers International, despite store closures by major retailers including Dick Smith, Billabong and Specialty Fashion.

News Retail sales rose 0.6% in January: Business Sales Indicator

Australian retail spending rose by 0.6% in trend terms in January, according to the Commonwealth Bank Business Sales Indicator, after 0.7% gains in November and December.

News Billabong to cut 150 stores and 400 staff to fend off $765 million private equity offer

Under-pressure surfwear chain Billabong International has emerged from a trading halt to play hardball on a private equity offer and deliver a wide-ranging plan to cut costs.

News Consumer confidence increases amid March rate cut speculation

Consumer confidence increased by 4.2% in February, according to the Westpac-Melbourne Institute Index of Consumer Sentiment, but the index is still 5.2% below the level of a year ago.

News Two-thirds of employees say they deserve a pay rise: Report

Salary expectations are a growing source of tension between employers and employees, according to a new report, with two-thirds of employees believing they deserve a pay rise.

News Businesses urge CBA, NAB not to raise interest rates

Business groups are urging the Commonwealth Bank and NAB to withhold interest rate hikes after increases from ANZ and Westpac, warning it could shatter the confidence of small firms.

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