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Category: Credit Report
Chasing a late payment can feel like the most awkward of jobs for the small business owner. These tips show you how to capitalise on a wealth of information now available on your debtors to help avoid those awkward conversations and get paid faster.
Cash flow is an integral part of any business, particularly for small and medium-sized enterprises (SMEs).
The failure of any company can have a ripple effect on its customers and supply chain. It’s a troubling prospect for small businesses to consider, but it rarely happens without warning. We share our insights so you too can look for the distress signs.
Small business owners have a lot on their minds, especially when they are in the crucial first stages of establishment, and again when they start to think about expanding. The attraction of starting up or taking over a small business is the ability to bring a novel idea to the market and be responsible for the direction of your own career.
The reality of running a business is that, from time to time, a venture is not as successful as initially planned or hoped for.
Category: Credit Monitoring
The ATO's collectable debt book of approximately $17 billion, of which 70 per cent is made up of small and medium businesses (SMEs), is significant
While this level of unpaid debt has clear repercussions on the ATO and government, it also has another, less obvious impact on the small business economy.
With more than 25,000 businesses becoming insolvent in Australia each year, securing their assets using the Personal Property Securities Register (PPSR) – a single, national online register of financial security interests – should be a top priority for small business operators.
Unfortunately, a significant number of SMEs don’t understand the process. Assets are not being correctly registered on the PPSR – which can lead to potentially catastrophic results.