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What better way to celebrate the anniversary of the collapse of Lehman Brothers - or more importantly, the start of the global economic recovery - than by buying a beautiful brooch from one of history's most famous luxury brands, Faberge. Asking price? Just $US7 million.
Small businesses are facing cash flow pressure as large customers extend payment terms then seek a discount for early settlement, says an industry body.
After years of working in Management Accounts, the same business invoicing errors keep cropping up. So I'd encourage you to print out a copy of your business invoice and discover whether you’re guilty of delaying your own cash flow!
The Rudd Government is confident its $42 billion stimulus package can give the economy and the business sector a big boost. But it is clear that some sectors stand to benefit much more than others.
The on-going financial crisis means that businesses must take control of their debtors to ensure they don’t end up in difficulties.
Australia might be hurtling towards a recession, but that doesn’t mean that every sector of the economy is feeling the pinch.
The current slump in economic activity really frustrates politicians, whether they be from Australia, the US or Europe. Everyone is turning to the money pump to spurt money at consumers in the hope that they will spend and restore growth.
A major effect of the credit crunch is that businesses can no longer rely on banks for financing to help smooth out cash flow shortages. They are also finding that their customers are taking longer to pay for goods and services.
Discounting is a great way to quickly stimulate sales, but it can have a terrible long-term impact on your brand. Tami Downer looks at the science behind discounting and finds the best strategies to help you boost you bottom line and keep your brand equity intact.
Can’t get your customers to pay on time – or at all? SmartCompany talked to accountants, financiers and debt collectors to learn how to get prompt payment, how to deal with common customer excuses, and when to bring in the lawyers.
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Business advice: Your Business SuccessEach week Your Business Success showcases a different Australian business and brings in industry experts to advise the business owners. Your Business Success web site.
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