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How to protect your business when your customer hits financial trouble

How to protect your business when your customer face financial challenges

The building industry is facing one of the biggest challenges in its history. It is no wonder, with government grants increasing demand, material prices skyrocketing and a very tight labour market. When builders have financial challenges, it is often the subcontractors who bear the brunt.  Regardless of what industry you are in, there are measures

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Why working capital is essential for your business?

Why working capital is essential for your business?

If you are a new business starting to take off, or a well-established business looking to expand, you will need to understand the importance of working capital. Working capital is a simple, albeit useful measure that businesses use to indicate their ability to complete day-to-day operations and also to assess their financial health. The amount

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Three important financial documents to master

Three important financial documents to master

Running a business can feel like a steep learning curve. Understanding the importance of financial documents will help put you in a great position to run a profitable business. Financial documents and statements are filled with valuable insights into your business’s performance and viability. Learning how to create, read, interpret and use financial documents and

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Christmas Cash Flow Crunch

Tips for Avoiding a Christmas Cash Flow Crunch

Summer holiday time in Australia can be a cash flow nightmare for many businesses. Although retail spending is booming before Christmas and during Boxing Day sales, many business-to-business companies can experience a big downturn in sales from mid-December until the end of January. Here we offer a few tips for avoiding a Christmas cash flow

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