9 Simple Cash Flow Tips for Small Business

By Alistair Lamond on 19-Apr-2017 13:00:00


"Be proactive, never assume anything, always test and keep learning."

Staying on top of cash flow is often a tedious task of checking your bank account, skimming over your receivables ledger and checking when you have to pay the bills. Many small business owners struggle to keep a clear understanding of the liquidity of their own business. Remember just because you are driving new business sales, if you don't have cash in the bank to support the ever increasing capital demands of a growing business, your business can capsize without warning. There are many Australian small businesses who have adopted simple cash managment techniques to guarantee their liquidity and growth. Check out a great example of one such business here.

What’s the future of independent media and marketing agencies?

By Alistair Lamond on 15-Feb-2017 11:15:00

Forget the days of whiskey-swilling Mad Men. Agencies these days have demands Don Draper would never have dreamed of. The current climate sees the old world of marketing - television and print - overlapping with the breakneck speed of digital, and advertising agencies are scrambling to keep up.

Agency Pulse Check 2017 Survey - what keeps you up at night?

By Alistair Lamond on 24-Jan-2017 11:00:00

Forget the days of whiskey-swilling Mad Men - agencies these days have demands Don Draper would never have dreamed of. The current climate sees the old world of marketing (television and print) overlapping with the fast paced world of digital, and advertising agencies need to change to keep up.

Topics: SME

Oligopoly strangling fresh food supply chain with long payment terms

By Alistair Lamond on 08-Dec-2016 11:15:00

This article was originally published in the The Land.

Topics: SME Cash flow

Free money: how to get your hands on government grants for your agency

By Alistair Lamond on 02-Nov-2016 10:00:00

Oh, to be a kid again. It might be the only time in your life free money existed. Sure, you might have to do some household chores for your pocket money, but occasionally, someone – grandparents, aunts, uncles – would give you money just for being you. A nice concept, but when you’re a grown-up managing the cash-flow of a media agency (i.e real responsibilities), hand-outs don’t exist. Unless, of course, you ask the government. 

Topics: SME Grants

Is your business a bank? The curse of long payment terms in Australia

By Patrick Crivelli on 26-Oct-2016 11:00:00

 How many banks are operating in Australia? You’re probably thinking there are at most 20 banks. You would be very wrong. There are actually thousands, possibly hundreds of thousands of banks in Australia. ‘How is this so?’ I hear you ask. Well, every time your customer makes you wait for an invoice payment, you have effectively become a banker - presumably without the six-figure bonus or Ferrari.

5 best apps for small business in 2017. From sales to cash flow management. 

By Alistair Lamond on 11-Oct-2016 11:15:00

The cloud is redefining how we live and do business. It is now being recognised as a global economic engine underpinning new innovations, new business models and even entirely new industries. Now data can be created, stored, disseminated and accessed real-time from anywhere in the world that is connected to the internet.  This has created a data explosion with 90% of the world's data being created in the last 2 years!

Topics: SME Growth

Outsourcing Vs Automation - How it is changing life, business and cash flow!

By Alistair Lamond on 07-Sep-2016 09:00:00


"Oh yeah, we're gonna bring in some entry-level graduates, farm some work out to Singapore, that's the usual deal" - Bob Slydell - OfficeSpace (1999)

Not sure if you have watched the comedy cult classic called OfficeSpace, which was set at the turn of the century when technology was disrupting the employability of man-kind. Using dark and awkward comedy we got a taste of what was to come in the 21st century - Automation & Outsourcing!

Long payment terms - How does Australia compare to the rest of the world?

By Alistair Lamond on 23-Aug-2016 11:00:00

 

5 Non-Bank Funding Alternatives To Boost Small Business Cash Flow

By Alistair Lamond on 15-Aug-2016 07:30:00

It is all to common to hear the traditional Australian banks preaching their support for small businesses but falling short on delivery. Why? It is to costly for them lend to a small business. That is why there is a renaissance in small business lending!

A new wave of non-bank alternative finance startups (aka Fintechs) are listening to the cries of the capital constrained businesses and addressing a $60bn funding gap forged by the big banks. Fintechs are capitalising on a fresh canvas and building technology to not only understand risk better but also deliver a better customer experience. 

So what are the alternatives available to a small business today?

Topics: SME Cash flow