As a small to medium-sized business owner in Australia, one of the biggest decisions you might face is whether to buy or lease your business premises. The right choice depends on your business’s unique needs, your long-term goals, and, of course, your financial situation. So, let’s walk through the benefits...
How to Apply for Business Finance
Turning a passion into a business is exciting, but managing finances can be overwhelming. Whether your business is expanding, purchasing equipment, or needing help managing cash flow, applying for business finance is often necessary. This guide will help you understand the basics, explore finance options, and show how a finance...
Unlock Cash Flow with Invoice Financing
If cash flow gaps are impacting your day-to-day operations, invoice financing may be the solution you’re looking for. Instead of counting down the days until payment is due, this financing option can bridge the gap and keep your business running smoothly. It’s not as commonly used here in Australia, but...
Using Home Equity to Fuel Your Business Dreams
The key to your new business venture could be your existing home equity! If you were born with an entrepreneurial spirit but lack the start-up funds, there are a few options to turn your business ideas into reality. One viable option worth exploring is leveraging your home equity to kick-start...
How to Secure Funds for Your Business Purchase
For many aspiring business owners, the journey to purchasing a business begins with the daunting task of securing the necessary funds. As of June 30th, 2023, there was just shy of 1 business owner for every 10 Australians—a testament to the noble pursuit of entrepreneurship, offering flexibility, financial freedom, and...
The Power of Asset-Based Financing
Securing adequate funding can pose a persistent challenge for entrepreneurs and established business owners alike. While traditional avenues such as loans and equity financing are widely recognised, there's another option often overlooked: asset-based financing. This method of raising capital is gaining traction for its versatility and accessibility, offering businesses a...
Exploring Your Business Funding Options
Embarking on a new business venture or expanding an existing one requires more than just a great idea – it requires careful consideration of funding options. Among the primary avenues available to entrepreneurs are debt and equity finance. Each avenue offers its own set of advantages and considerations, making it...
The Role of a Business Plan in Securing Financial Support
Most small to medium businesses in Australia require financial support at some point in their journey. Whether those funds are required to kick-start your endeavours or to help your existing business grow there is a crucial document they all need to access finance. Enter the business plan, an essential tool...
5 Essential Steps for Your Business this New Year
As 2023 draws to a close, it's not just about winding down but gearing up for what lies ahead. The transition to a new year presents a unique opportunity for businesses to recalibrate and set the stage for success. Here are five pivotal steps that savvy business owners, like you,...
Impact of Rising Interest Rates on Aussie Businesses
In a recent move, the Reserve Bank of Australia (RBA) has opted to increase interest rates once more, pushing the cash rate to 4.35% as of November 2023, impacting Aussie businesses. This decision has set off ripples across the financial landscape, with conversations predominantly revolving around its impact on homeowners....