SMEs fear rising costs may derail post-Covid recovery By Richard Holdcroft After a tough few years, Australian SMEs are finally getting back on their feet, but they are worried that rising wages and other costs now threaten to derail their recovery. These are among the key findings of the latest ScotPac SME Growth Index, Australia’s […]

SMEs facing wage rises and staff retention problems By Zilla Efrat Post COVID-19, it’s become even more vital to retain your staff members, but how do you do it when business costs all around you are rising? Australia has been experiencing a crippling skills shortage across Australia in the wake of the pandemic and there’s

Stress management techniques for business owners By Josh Alston Being a business owner can be a very stressful job. You have to worry about everything from managing your employees to keeping up with the competition. If you don’t know how to manage your stress, it can quickly start to take a toll on your health.

Why data analytics are essential for all businesses By Josh Alston Data analytics has become increasingly important for businesses in recent years, as the volume of data collected has exploded. While data has always been a valuable asset, the ability to store and process large amounts of data has only recently become possible. As a

Everything to Know About Cash Flow Loans for Small Business Cash flow is just as important as profit when it comes to the financial health of your business. Even if your company has high profits, extended payment terms and seasonal sales can cause cash flow gaps that restrict growth. A cash flow loan can boost

Exploring Your Hidden Assets: 3 Assets You May Not Realise Can Help Boost Your Cash Flow One of the biggest obstacles to SMEs growing and flourishing is a shortage of cash. According to a recent survey by Intuit Quickbooks, over 60% of small businesses regularly struggle with cash flow. “Among those small business owners who

How to Use the Small Business Benchmarks for Risk Risk is a natural part of business. Being able to mitigate risks is how businesses thrive and maintain profitability. Small business benchmarks help you to identify potential risks that can impact your business. Comparing your performance to other companies in your industry can help you determine

Types of Business Finance Cash flow and profit are not the same. Many successful businesses need funding to support working capital and fuel growth plans. Unexpected costs, slow-paying clients and many other factors can put a strain on your finances. Almost a third of Australian businesses say their available cash would allow them to survive

Business looking less than pretty? Give it a makeover with these 8 money management tips By Sophia Auld If you’ve felt like it’s getting harder to stay on top of your business finances, you could be right. According to the Australian Bureau of Statistics, 57% of all businesses experienced increased costs in the three months

Gearing up for growth? 6 money management tips to help your expansion plans flourish By Sophia Auld As more Australian small-to-medium businesses (SMBs) emerge from the grip of pandemic-related disruptions, some are building momentum for growth. According to Australian Bureau of Statistics figures, total new capital expenditure rose by 1.1% in the quarter to December