One of the biggest challenges we find with the construction industry is the time it takes to get progress claims paid, the issue being that wages must be paid usually each week along with [...]
One of the people in the office has recently been reading a very interesting book called “The 4-Hour Workweek” (www.fourhourworkweek.com) which is a very popular book on how to outsource your [...]
I guess a frustration for me and a frustration for our prospects/clients is business owners waiting till the last minute to apply for factoring to get them access to working capital. All too [...]
I thought I would go through the basics again as it’s been a while and some people reading this blog would just like to find out how it works quickly. Most business to business sales carry 30 to [...]
One of the main things I hear from business owners who have been around a while is “I lost a heap of money to one customer when they went broke” or “I almost had to shut down my business because [...]
“Manufacturing activity plunged in October, according to the Australian Industry Group” (smh.com.au) As the paper reports, manufacturing is plunging, exporters to China and abroad are tightening [...]
Recently I have had a number of enquiries from small businesses which have had some large tax bills or owe a lot of money to suppliers. The most common problem I notice is the business has no [...]
I had a call from a new client yesterday who was concerned that his invoices were taking longer and longer to get paid. Some of his invoices were taking up to 90 days to be paid and he explained [...]
Recently we have noticed a surge in the number of small trucking businesses approaching us for assistance with their cash flows. The main cause of pain for these companies is the fact that the [...]
One of my main concerns leading up to Christmas and with credit tightening is that businesses can and will make any excuse to delay payments or even not pay invoices at all. Simply by not putting [...]