Managing Debt and Creating a Debt Repayment System

Having debt can greatly impact one’s financial well-being, leading to stress, anxiety, and hindering the achievement of financial goals. Nonetheless, with careful planning and commitment, anyone can establish a system to repay their debts and embark on a path towards financial freedom. Here are some valuable suggestions for effectively managing debt and establishing a debt repayment system: Assess Your Debt Situation The initial step in managing debt is gaining a…  Read more

Avoiding BANKRUPTCY: Top Reasons it Happens and Ways to Prevent it

Small business bankruptcy occurs when a business is unable to pay its debts and is forced to declare bankruptcy. There are several reasons why this can happen. Bankruptcy can be devastating for small businesses, leading to closure, loss of jobs, and damage to personal credit scores. With good planning and strong business practices, you can avoid the pitfalls and drive your business to financial success. Learn the top reasons why…  Read more

4 Key Areas to Evaluate in Business Budget

With the potential for business life to return to something resembling normal, it’s a good idea to take a look at your budget and see where you may need to shift some of your priorities. Pay attention to how your spending over the past few years affected your business and either helped you achieve, or took you away from, your overall goals. Considering how your business and your employees functioned…  Read more

What is E-invoicing and How Can Australian Businesses Benefit From It?

The Australian government has made some important announcements over the past few months with regards to e-invoicing. In the 2021-22 Budget, the government committed $15.3 million to increase the adoption of e-invoicing, which guarantees accelerated payment terms. In this article, we will look deeper into what e-invoicing is and how any type of business can benefit from it. What is e-invoicing? Over 1.2 billion Business to Business (B2B) and Business…  Read more

5 Tips to Take Control of Your Finances in Your 30s

Are you in your 30s and looking to determine the type of life you want to live in the future? Your 30s are an exciting time! You’re typically making more money than you were in your 20s. Your 30s are also a great time to take control of your finances, so you have more security and flexibility in the coming years. Here are 5 financial tips to follow in your…  Read more

Five Ways to Manage a Healthy Cash Flow

We cannot stress further the importance of properly managing your cash flow to ensure the smooth running of your business. However, in times of crisis such as the ongoing COVID-19 pandemic, this becomes more than important– managing your cash becomes a necessity for survival. If you are experiencing cash flow troubles, here are five things you can do to manage your cash flow better. Check your expenses. Now is the…  Read more

Want to grow your business? Our Free Resources will Help