If you supply products or services to other businesses, you may find that your clients seem to be deliberately prolonging paying your invoices to help control their own cash flow. However, even when this expected income hasn’t come in on time, you still have operating costs to meet in your business. Managing the impact of late payments on your...
Preparing a tender to secure a new contract or funding? Uncover all the tips and tactics to write a winning submission.
Focusing on how to make use of surplus product has created a win-win situation for gourmet soup business, the Suppa Club. Founder David Kane set out to provide a product for those who craved pure, whole-foods, with the comfort of home-style cooking without the hassle, which gave rise to the Suppa Club. Focus on producing a ‘no-waste’ product David...
Withholding retention payments in construction can affect subcontractors’ cash flow and profitability. Often used in the construction industry, retention is a fixed percentage of the total payment due for a contract, withheld for a period after the work is completed. It’s there to make sure that the contractor or subcontractor properly completes...
You may have received emails or reminders about registering the “.au” version of your business website. At first glance, it could appear to be yet another spam email – but there could be a legitimate opportunity for business owners in Australia if you act before the September deadline. Here are some common questions small business owners have about...
The Perth Inner City Group (PICG) has invested in a Destination Perth marketing campaign to attract additional interstate and intrastate visitors to key destinations and local business centres located within a five-minute drive of the Perth CBD. All Small Business Friendly, the Cities of Perth, South Perth, Subiaco and Vincent and the Town of...
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...
Family-owned and operated business, Leaf Bean Machine, has spent more than a decade taking their love of a good brew to the next level by focussing on being more than just a coffee roaster. Fleur and Brad Cassidy, the husband and wife team behind Leaf Bean Machine, created a three pronged product focus which gave rise to its trading name. They...
Deciding to raise your prices can be a big step for your business. The next crucial step is to make sure your customers know what’s changing, why and when your new pricing takes effect. If you’ve decided it’s the right time to increase your prices, it’s important to invest time in planning how to share the news of your new pricing. Our small...
Tendering is the process of creating a formal offer (or ‘bid’) to supply goods, services or works as requested by a government agency or private organisation. Procurement and tender specialist Celia Jordaan also sees tendering as an opportunity to work out what you do well in your business and use that to your competitive advantage. Through her...
A false sense of urgency, manipulative tactics or any kind of aggression should be red flags when someone is trying to sell you something. Learn more about high pressure sales tactics and how you can avoid issues within your small business. Some sales training can involve not taking “no” for an answer, overcoming all objections or creating a sense...
The Australian Taxation Office (ATO) has announced it won't take action on late directorID applications if you apply by 14 December 2022. Find out more. From 1 November 2021, you will need a director Identification Number (directorID) if you are the director of a company or want to become one. What is a directorID? A directorID is a unique 15 digit...
