We’ve all heard the saying that ‘cash is king’, but despite the popularity of this phrase cash flow is an area of business that is often neglected. Being able to effectively manage your cash flow is key to the long term survival of your business. It will also allow you to maintain enough working capital to operate through quiet periods. Your cash...
The cost of renting your premises can be one of the biggest overheads in your business, and can put the pressure on you when a rental increase is looming. Learn about market rent reviews and what you can do if you’re a tenant facing rising rental costs. The costs of being in business are rising because of inflation, interest rate rises and other...
Many small businesses are facing challenges because of increased costs, the ongoing impacts of COVID-19 and other economic factors. You might be one of many business owners who negotiated rent relief to manage the impact of the pandemic, now facing the prospect of paying back your deferred rent on top of meeting your ongoing rent and other business...
Are you finding that your payment reminders are being met with excuses? It’s a common scenario many business owners are experiencing. Here at the SBDC, we often hear from small business owners, particularly subcontractors in the construction industry, who say they are struggling to be paid on time. But when the only ‘evidence’ of a contract is...
When you walk into your business premises and see the roof is leaking, your focus is going to be on getting the problem fixed as soon as possible. But who do you turn to and what should you do in these situations? We’ve put together three simple steps to guide you through getting any damage to your business premises fixed in a timely manner. 3...
Learn about the strategies you can put in place before 30 June to maximise your business’ tax return.
Did you know that your average Australian small business signs eight standard form contracts per year? This is why it’s so important to know your rights when entering into a standard form contract, or providing a contract to others. While protection for consumers entering into a standard form contract has existed for many years, in 2016 similar...
If you renew your business trademark through a private organisation, rather than IP Australia, you could end up paying three times more than required.
You’ve probably spent some time working out what to put on the home page of your website, but how much time have you invested in planning what goes into your shopfront display of your bricks and mortar business? Your shopfront will quite often be the first impression you get to make – so make it a great one! You want to encourage people to enter...
Carrying out a couple of quick checks online can help you avoid falling prey to fraudulent sellers and suppliers targeting small business owners. When looking to purchase products or services for your business, finding a great deal can often be the deciding factor in choosing to buy from. Unfortunately in many cases, a deal that appears to be ‘too...
Using the Personal Property Securities Register (PPSR) can protect you when you’re buying, selling, leasing or hiring business assets.
The State Government has approved extended trading hours for general retail shops in the Perth metro area in the lead-up to Christmas. While businesses classed as small or speciality retailers can generally trade across whichever hours they choose, if you’re a small retailer that’s based in a shopping centre (and have to follow standard trading...
