Banks will offer small businesses a six-month deferral on their business loan repayments as part of the finance sectors response to Covid-19. Australian Banking Association CEO Anna Bligh said the move will “deliver up to $8 billion back into the pockets of small businesses” across more than $100 billion worth of business loans Bligh said all… Read more »
I really am not a fan of invoicing clients, there is always a risk they won’t pay the bills on time and it’s going to fuck up my cash flow.
I don’t think I ever understood the term “burning platform” until about four months ago.
One day, if we’re sitting down late at night over a good bottle of wine I will tell you about my dark days in business. Before the age of 30 I had made millions and lost it all … Twice! Along the way (and even in the “good” times) I’ve had some pretty down days. I’ve had days where I was so on edge that I felt sick. Days where I wanted to run away. Days where I shouted abuse at my closest allies. Stuff I’m not proud of but stuff I’m sharing with you because in business it happens to most of us.
Cutting your administrative charges (also known as “selling, general and administrative expenses”) is a good way to increase profit, especially when the company is having a difficulty in increasing its sales. Review your internal policies and procedures and identify procedures that cost money and figure out ways to save some money. In the long run, your savings from this aspect will help your company achieve financial growth.