Insights
Is This Cash Flow Challenge Normal?
The entrepreneurial path is as much an emotional journey as it is a financial and strategic one. Beginning a new business is like setting sail on open seas, with excitement and trepidation as constant companions. When the winds of cash flow challenges blow, they test...
Balancing the Books: Understanding the Role of Collection Days in Managing Receivables
https://youtu.be/HFIOM-8qaUc In the world of business finance, cash flow is king. A company's ability to efficiently manage its receivables essentially governs its operational fluidity, sustainability, and potential for growth. Among the various metrics and strategies...
Assessing Your Business Health in The Current Year: A Guide for Australian Entrepreneurs
In the ever-evolving Australian market landscape, assessing your business’s health is crucial. As we navigate through the ebb and flow of economic conditions, it’s imperative to periodically take stock of where your business stands. Below are some key areas to...
How do we Value WIP in a Project Environment?
https://www.youtube.com/watch?v=7OqPWdLKp0A In the realm of project management, understanding how to effectively value Work in Progress (WIP) is pivotal for maintaining budget control and ensuring a project progresses on schedule and within its financial bounds. WIP,...
Looking into the Financial Future: A Crystal Ball Gaze for the Construct and Trade Sector
https://www.youtube.com/watch?v=JEXmvggq79g As we wind down towards the Christmas period, it’s a season more than just for holiday cheer and festivities. For business owners in the construct and trade sector, it’s a reflective time—a moment to pause and ponder over...
Mastering Manufacturing: The Role of Routings and Bills of Materials in Costing
https://www.youtube.com/watch?v=FPvs7xfmcRA In the intricate dance of manufacturing, understanding the choreography between routings and Bills of Materials (BOMs) is essential for businesses aiming to stay competitive and efficient. These elements not only guide the...
Australian Businesses Under Pressure: Exploring the Factors Behind the Surge
The Australian business sector has recently witnessed a worrisome trend that cannot be ignored. Data released by the Australian Securities & Investments Commission (ASIC) indicates a dramatic upsurge in company administrations. The 2023-2024 financial year saw...
How Do We Value Inventory? Understanding the Intricacies from a CFO’s Perspective
https://youtu.be/AuQwShq40HQ In any business, inventory plays a pivotal role in operations and financial health. As a Chief Financial Officer (CFO) with a penchant for content writing, I have observed that understanding how to accurately value inventory is crucial for...
Success Story: Using Business Credit to Fuel Growth
In a fast-paced business landscape, wisely leveraging credit can be the catalyst for unprecedented growth and success. Today, we're diving into a compelling case study that illustrates this principle vividly—the story of Tech Innovate, a once-small technology firm...
How Enhancing Your Credit Score Can Reduce Your Business Insurance Premiums
In the business landscape, credit isn't merely a figure—it's a mirror of your company's fiscal prudence and operational integrity. A robust credit score can not only unlock avenues to financing options and favourable loan conditions but can also significantly...
Essential KPIs Every Business Owner or Manager Must Track
https://youtu.be/7uqGbgCQv-g Managing a business can feel a lot like captaining a ship through uncharted waters. While adventure awaits, the key to maintaining course and not getting lost amid the waves of commerce is to have a reliable compass. In the world of...
Myth vs. Fact: Financial Risks in Business
Risk is an everyday reality in business. Understanding financial risk is paramount to success and longevity, from start-ups to global corporations. Despite this, numerous myths cloud the judgement of business professionals, potentially leading to missteps. Join us as...
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