Being a new or small business owner comes with a lot of financial burden. Chances are, you’re operating under extremely tight margins — leaving little room for money mishaps. Things like sky-high inflation, a 3-year-long global pandemic resulting in a significant economic downturn, and a banking crisis certainly don’t diminish your financial fears. What’s more, […]
Studies by The Australian Securities and Investment Commission uncovered that nearly 40% of businesses fail due to poor cash flow. Maintaining strong cash flow requires business owners to consistently review the cash balance to make more informed business decisions. Finding the right strategies for your business can be confusing, which is why sending invoices immediately, reviewing items […]
Every business needs a good accounting system in place. This is the only way you can truly understand where your business has come from, and where it is heading. It’s your early warning system and overall health check, for any problems that may be on the horizon, such as cash flow issues or under-performing product […]
Cash flow is one of the biggest issues facing start-ups. Recent research reveals Australian small businesses are chasing $76 billion in unpaid customer bills and according to the Australian Securities and Investment Commission, poor cash flow was the key factor in half of all tech firm failures in 2016. So how can you manage your […]
Embarking on the entrepreneurial journey is thrilling, but it also comes with a need to make a multitude of decisions. One of the most important decisions to consider when starting your business is the various business structures that are legally available to you. In this article we explore the pros and cons of a company […]
In today’s rapidly evolving business landscape, having a robust IT infrastructure is crucial for the success of small businesses in Melbourne. From efficient operations to data security, technology plays a pivotal role. However, with limited resources, it’s essential for small businesses to allocate their budget wisely. In this article, we’ll explore how Melbourne small businesses […]
Every small business goes through financial ups and downs. This is especially true in the early days of a business, when owners are yet to figure out, or establish, their business’ rhythm. There are some universally common mistakes that we see small business owners make. We’ve summarised the three most common small business mistakes here, […]
Starting a small business is a labour of love. Some business owners have dreamt about owning their own business from an early age, while others decide to start a business when life changes, and the yearning to be your own boss arrives. With SMEs making up more than 99 per cent of Australian businesses, what inspires a […]
Preparing invoices might be one of the most important tasks you perform as a small business owner. After all, business invoices are the first step in generating the income your business needs to run smoothly – not to mention help you pay personal bills like mortgages and health insurance. When small business invoices are done […]
In today’s digital age, cybersecurity and data protection are paramount for financial institutions. With the constant threat of cyberattacks and the increasing value of sensitive data, it is crucial for these institutions to have robust IT security solutions in place. Managed IT services play a vital role in safeguarding sensitive data, ensuring compliance with industry […]
Small But Mighty