How to build a cash war chest when money is tight

Your “war chest” is the financial reserve your business has built up so you can take advantage of an opportunity or cover unexpected costs or emergencies. Building a cash reserve when finances are tight, however, can be difficult. You need money to continue running your business but, if at all possible, you want to keep your reserve account healthy. Here are some ways to build—or preserve—a cash war chest during…  Read more

Tips to continue marketing on a shoestring budget

As many business owners are experiencing, the COVID-19 pandemic has created serious financial difficulties for entrepreneurs. Small businesses especially are faced with cutting their budgets so they can continue to operate—even at a smaller scale—and not have to close for good. They also have to figure out how they can market themselves so once the pandemic is over, their customers and clients come back to them. During a financial crisis,…  Read more

Ways to run your business if you can’t open your premises

The COVID-19 pandemic has proven challenging for many small business owners. It’s difficult to run your business remotely, especially if you’re not set up to do so. If you run a business that requires customers or clients to come to you, you might be very concerned about how you can continue to operate without opening your premises. If you have access to technology, are adaptable, and are willing to look…  Read more

Communicating during a pandemic

Most small business owners face a time in their career when they have to communicate in ways or about topics they aren’t comfortable with. COVID-19 has put small business owners in the position of having many conversations that are uncomfortable and stressful. Whether you’re communicating with employees about business issues during the pandemic, hoping to negotiate a rent reduction or changes to credit terms, or asking customers for help in…  Read more

Lending options during COVID-19

With so many changes and measures of support being released to address the economic impact of COVID-19, it is sometimes difficult to keep informed of the specifics of each measure. At these times it is best to seek guidance from specialists in each area. As such our lending partner, Shaun Massie of mobilelender.com.au, has provided our team with a summary of the lending options available to personal and business loan…  Read more

Financial health check

Financial Health Check When was your last financial health check? A financial health check is a great opportunity to set things in order, re-group and look back to ensure your finances are on track, and of course to re-balance and plan for the months ahead. Best practice around reviewing your finances begins with a calculation of your net worth. Save this somewhere so it’s easily accessible next year, and you…  Read more

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