“Be realistic and don’t be pessimistic”
What Economists & Successful Business Leaders Project for the Next 2 Years Did you know about these economic realities? USA inflation was 9.2% for June 2022 and as you know when the US sneezes AUD catches a cold, so Australian inflation is conservatively expected to be 6.2% for August and 7.0% for September but consider these specific increases The price of groceries (fresh, frozen & packed) increased by 12.2% between January to June 2022 Rents are up 5.8% Cars are up 11.4% Fuel $1.15 to $2.43 Beer is up 9% (with further 15% over the next 2 years due to …
Three ways to speed up invoicing
Everyone likes making money, especially small business owners. Invoicing, however, is typically one of the tasks that small business owners like the least. Chores like creating and sending invoices get set aside for other duties that are seen as more enjoyable or even more urgent. You tell yourself you’ll get around to it tomorrow, but tomorrow becomes next week, next week becomes next month, and suddenly you realise your client hasn’t paid you in a while and your bank account is lower than expected. The issue, of course, is that clients can’t pay you until you’ve invoiced them. You need …
Five ways to bring in more cash for Your Business
Now is the perfect time to evaluate your financial position and come up with innovative ways to add revenue streams and generate cash. Here are five ways you might consider to improve your cash inflow: Evaluate your current company assets. Take a look at your assets, both fixed and human. Could you make slight pivots to create a new form of income? For instance, if you run a coffee shop or restaurant, could you start a delivery service or offer a drive-thru pickup? Should you charge for delivery? Think about what you currently have and how you can do more …
