New insolvency laws: 4 actions small business directors must take

Image credit: Scott Graham

There are four key actions that small business owners should take immediately, to ensure they are well positioned once they, or their suppliers, come off JobKeeper this month.

Why government must increase digital focus in small business sector

One year into the pandemic, it’s clear that real opportunity lies in more carefully targeting financial support. We need to see more mutual partnerships where governments reward small businesses that take active steps to help themselves.

The changes in insolvency & restructuring rules that could catch out Australian businesses

Image credit: Scott Graham

“COVID Safe Harbour” insolvency rules have been replaced by legislation that includes a new, streamlined SME restructuring process…

6 most commonly overlooked cost savings in business

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From paying more than necessary to cutting budgets on activities that bring home the bacon, here are some of the most commonly overlooked savings in business to look out for in 2021.

How to keep business costs down, while still achieving your strategic goals

Image credit: Riccardo Annandale

Making cuts to costs that are too deep can impact employee and customer satisfaction. Don’t cut costs enough, it can embed inefficiencies into the business or threaten viability. So…

‘Don’t get sucked into all the hype’: the hidden mistake that businesses will make when managing cash flow in 2021

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While 2020 packed a punch that not many people were expecting, impending vaccines and a rebounding economy offer a glimmer of optimism for business in 2021. However improved economic conditions also mean a reduction in government safety nets like JobKeeper and cash flow boost. Properly managing cash flow in 2021 will be a precarious and… Continue reading ‘Don’t get sucked into all the hype’: the hidden mistake that businesses will make when managing cash flow in 2021

Top SME opportunities and challenges for 2021

Unsurprisingly, the top four challenges and top three opportunities facing SMEs in the coming year are a result of COVID-19 related financial pressures, according to the latest ScotPac SME Growth Index research. When asked what they are most positive about for 2021, the most common response was getting “back in the black” (24%), and the… Continue reading Top SME opportunities and challenges for 2021