Christmas holidays are a crucial trading period for many businesses. Small businesses see significant profits at the end of the calendar year, but how do you prepare for the Christmas madness?
Wish your trusty suppliers, a merry Christmas and be sure to lock down their closing dates.
You won’t have a business to operate if your wholesalers aren’t open.
- Do you have enough stock to cover the period they will be closed?
- Have you updated your accounts payable to include public holidays?
- Check last year’s inventory and sales reports and plan for similar patterns.
Staff party anyone?
Without your staff, your business would not function. What plans have you made to thank them? If they are not the partying type, could there be a bonus or something they would appreciate?
You want your staff to enjoy their holidays too, so make sure you have sufficient cash to pay them and back up staff to cover leave requests.<...
Australia's online loans industry is maturing fast, and clients enjoy the convenience of online application, which many lenders offer. However, it takes a special company to stand out amongst the competition. The best way to do that in any industry, is to focus on the client.
Banks and major lending institutions try to do that, but their processes are time consuming and complex - two things that do not appeal to most Smartbiz owners in Australia. These institutions have not adapted with the changing times and consumer focus. Consumers desire a dynamic solution that solves both their current opportunities and future challenges.
The Cambridge Centre for Alternative Finance and University of Sydney Business School Released their Asia Pacific Alternative Finance Benchmarking Report in March 2016, which reported on the significant growth of online alternative finance in Australia. It also found that balance sheet business lending showed a market volume of $120 million in 2015. This is a lending method whereby business borrowers receive finance directly from the ...