FactorONE Blog

The period following on from the festive season is a particularly challenging time for any SME business. It is easy to get caught out after a long, slow period from a cash flow perspective over the post-Christmas and New Year lull. Then, to make things even more difficult, the first BAS tax payment ......

Getting loan finance for your business can be exhausting. You have to update your business plan and your accounts, explain your operation to a lending team, educate them about your market, and inspire them with your vision. It’s no wonder many business owners don’t want to go through the process aga......

The widely welcomed cut to the small business tax rate has come with a sting in its tail. The changes will put pressure on business owners to pay out retained earnings sooner than they might have otherwise planned, to give shareholders the benefit of existing franking credits before they lose some o......

Treasurer Scott Morrison announced in MYEFO last December that the ATO plans to disclose tax debt information to credit reporting bureaus from 1st July 2017. The ATO will disclose to credit reporting bureaus the tax debt information of businesses who have not effectively engaged with the A......

Improving your business’ credit profile can save a lot of money in the long run. A good credit profile means you’ll pay less in interest costs and financial institutions will be more likely to lend money to you when you need it. A bad credit profile means the business may encounter issues accessing ......

Clients are dropping off, cash flow is slowing and revenue growth is stagnating. The symptoms and the causes of business stress may be many and varied, and it can happen to any business at any time. If a client’s business is going through a tough time, it’s important you urge they confront the chall......

As Christmas and New Year celebrations come to an end, it’s back to reality as business owners turn their attention to getting momentum back in their business for a fast start to the new year. At FactorONE, we understand how challenging it can be at this time, therefore, we have the following 8 acti......

Here are three resolutions Australia’s small to medium business owners can make this New Year’s Eve, to help ensure their enterprises get off to a fast start in 2017. According to SME working capital specialist Scottish Pacific, which FactorONE is a specialist division, it’s not just individuals who......

The period prior to and following the festive season is probably the most challenging time for any SME business from a cash flow management perspective:   The rush to maximise sales leads to working capital being used intensively. At this time, overtrading can become a very real risk Additiona......

Collecting unpaid invoices is hard and expensive work. If not successful through normal accounts receivable processes, instead of calling in costly lawyers and commencing with litigation it may be a much smarter option to issue a letter of demand to your client and seek alternative dispute resolutio......

If your business is struggling, there are several options you should consider well before you turn to insolvency or sell off assets. Often, external advisers may recommend formal insolvency and sale or liquidation, when fast improvements to cash flow can have a more immediate impact on the health of......

What are the early warning signs of business stress?  There are plenty of red flags which go up when the business is under a degree of stress. Lost customers, unsold stock, worn-out equipment,  a spike in credit notes, a rash of resignations, and even letters of demand from your trade cred......

How long should you have to wait for payment? The ideal answer, of course, would be: “Not at all.” But only a lucky few businesses can operate on a cash-only basis. Most have to offer trade credit to be competitive, and the wait for payment puts pressure on cash flow. Late payments create cash flow ......

It’s important for businesses to regularly review their tax positions and set up strategies to improve their cash flows to make sure they can stay on top of their tax obligations. Failure to do so can result in fines, but often the real pain is in simply having to take your focus off what is importa......

Sudden shocks can destabilise or derail a business completely, but many owners or managers turn a blind eye to the risks. The potential cost of such oversights may be significant and long-lasting, eroding the confidence of customers, suppliers and employees while ruining any growth targets. Stress-t......

Ask any small business owner about cashflow and most will tell you that late payments are a major cause of headaches and sleepless nights. As a financier of startups and SMEs, our FactorONE team is dealing on a daily basis with entrepreneurs looking to make the most of their working capital and impr......

Poor work-life balance is the epidemic of our time judging by the tomes written on the subject, and it is fair to say that small and medium-sized business owners tend to be one of the greatest casualties. Survey after survey reveals that work-life balance is one of the major concerns for SME owners,......

Just as much as growing sales, managing cash flow and keeping the workforce motivated and inspired are important concerns for many business owners, keeping a good balance between work and life can be critical to longer term success and personal happiness. Increasingly, business owners are showing a ......

It’s a sad fact that the best time to ask for a business loan is when you don’t need it.  Lenders aren’t impressed if someone comes knocking when there are losses, not profits, in the pipeline - especially if the situation could have been avoided with better planning and more discipline. So, ho......

Ten top tips for cash flow management Small and medium sized businesses are often stretched to breaking point at the end of financial year by slow debtor payments, with average debt turn now taking around 50-60 days, almost double standard trading terms according to Dun & Bradstreet. Tackling la......