Profit is not Cashflow. It sounds obvious but many small businesses rely heavily on their Profit and Loss to assess their Cashflow position. However this only provides part of the picture.
Small to medium enterprises (SME) are increasingly relying on commercial credit cards to finance their operations, because payment terms for the businesses they supply are stretching out. But if the Reserve Bank of Australia (RBA) goes ahead with plans to include commercial cards in the new caps [...]
Corporate leaders are facing the same valley of death faced by many startups, judging by the latest round of financial results. These large Australian businesses are operating in markets disrupted by new technology and changing business models.For entrepreneurs, bridging the gap between negative [...]
The recent release of the Australian Small Business White Paper should give hope to those small businesses who in recent years have failed to qualify for bank finance. After some tough years following the 2007-8 global financial crisis, when small business owners were tapping into credit cards, [...]