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Disclosure of business tax debts: What small businesses need to know

A proposed bill could see the ATO disclose tax debts to credit reporting agencies. Here’s what’s proposed and how it could impact small businesses.

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How small businesses can use messenger apps

Messenger apps are an increasingly popular tool for small businesses to connect with their customers. So how do you get started with messenger apps?

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Why community involvement is good for business

As well as the feel-good factor, volunteering in your local community can bring a range of business benefits. One small business shares their experiences.

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3 ways to make your business vehicle work tax efficiently

How do you make your business vehicle work for you when it comes to tax time? Accountant Michelle Maynard shares her tips for small business owners.

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How to beat your own bias

An executive leadership coach shares how to recognise and overcome your own biases in the decision-making process to enable your small business to flourish.

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Small business marketing – how to get more bang for your buck

Investment in marketing is a big deal for any small business. So it’s crucial you feel confident in the methods you choose and know what outcomes to expect.

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Feeling the pressure? Here are 5 tips to manage small business stress

Small business owners face a unique set of challenges that can impact one’s mental health. Here are some tips on how to recognise and resolve signs of stress.

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Customer success story: Beach Almond Restaurant

This beachside restaurant needed to diversify its offering to stay competitive. Learn how they used a Prospa Small Business Loan to achieve their vision.

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A guide to choosing the right business premises

Finding the right premises for your small business can be tough. So many locations, so much choice. But, get it right, and it can have a dramatic impact on the success of your business.

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How to build a small business website that shines

Follow this five-point checklist to ensure your small business website makes the best first impression and entices a global online audience.

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Customer success story: Hands from Heaven

Tony Logan-Stevens had the opportunity to expand his business, Hands from Heaven. A small business loan helped him manage cash flow during this growth period.

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Infographic: What you can learn from small business failure

Sadly, statistics tell us that not every small business will be a roaring success. But there is a silver lining, with failure providing an opportunity to learn.

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Customer success story: Verdaflore

Discover how the owner of Verdaflore, a small florist in Sydney, used a Prospa Small Business Loan to access capital and keep up with the business’s growth.

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Protecting your small business from scams

From fake invoices to your data being held hostage, small businesses face many threats. Here are some common small business scams to watch out for.

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Business name vs trademark 101

Protect your business by understanding the difference between a registered business name vs a trademark, and know your rights if your business gets copied.

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5 ways to improve the aesthetic look of your business

What does your office, cafe or retail store say to your customers? Here’s five tips to sharpen up the external appearance of your small business.

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Customer success story: Test ‘N’ Tag Orange

When small business owner Craig Dolbel wanted to expand his workshop, so he could take on more jobs, he took out a Prospa Small Business Loan.

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Small business recruitment guide: The best interview questions to ask

Hiring the right employees for your small business is vital. But how do you identify people who have the skills and are the right cultural fit?

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Six of the best podcasts for small business owners

Podcasts are a great way to learn on the move, but which ones should you tune into to get some small business inspiration? Here’s six to get started with.

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How to build your small business network like a pro

Having a strong network is critical for small business growth, however networking is something that many people struggle with. Here’s how to network like a pro.

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New research reveals the biggest struggles for small business owners

If you’ve ever struggled to keep all the wheels turning in your business, you’re not alone. A new study reveals the biggest challenges for small business owners.

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Customer success story: Strutt Fashion

Maxine Dosen, director of Brisbane’s Strutt Fashion, used a small business loan to help manage the retail industry’s seasonal cash flow problems.

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How to increase your customer base – from three small retailers who’ve done it

Are you a small retailer looking to increase your customer base? Three small Australian retailers share how they did it, taking their business to the next level.

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5 last-minute end of financial year tax tips

Feeling a little behind on where you need to be before the end of financial year? We asked an accountant to share his last-minute tax tips for small business.

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Video: It’s tax time – don’t forget to discuss these 8 things with your accountant

As well as helping minimise your tax bill, your accountant should be able to help you plan ahead. Here’s some key things to discuss with your accountant at EOFY.

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Customer success story: Creative Little Soul

Creative Little Soul took advantage of a Prospa Small Business Loan to manage cash flow during a growth period. They share why more SMBs should ask for help.

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Infographic: Is your business eligible for the $30k instant asset write-off?

Not sure if the $30k instant asset write-off scheme applies to your small business purchases? We’ve rounded up some of the key details you need to know.

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4 common small business growth challenges – and how to overcome them

Growth is one of the biggest issues facing small business owners. Here are four common business growth challenges and how you can tackle them.

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Your end of financial year questions – answered

We called in small business accountant Cassandra Ferris of Ferris Financial to answer your 2018–19 end of financial year questions.

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Customer success story: Focused Supports

Focused Supports needed funding if it was going to expand its vital work in the disability services sector. Here’s how a Prospa Small Business Loan helped.

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How to prepare your small business for growth

There comes a time for most small businesses to expand and grow. Here are some of the steps to take and questions to ask before scaling a small business.

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Video: End of financial year, end of bad business habits

The end of financial year is the perfect time for small businesses to break bad business habits and start afresh. Are you ready to make some new financial year resolutions?

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Customer success story: Chisholm Community Health Care

With the help of a Prospa Small Business Loan, Chisholm Community Health Care was able to invest in wheelchair-accessible transport to support more clients.

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The secrets of effective delegation

Being able to delegate is essential for small business owners to grow their business, but it’s a complex process that needs strategic thought.

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Customer success story: Amoré Lighting

Learn how Coffs Harbour small business Amoré Lighting used a Prospa Line of Credit to steady their cash flow during seasonal fluctuations.

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Infographic: End of financial year 2018–19 timeline for small business

With the end of financial year approaching, there’s a number of important reminders and deadlines to mark in your calendar. Here’s your essential timeline.

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5 signs your small business is ready for its next

So, you want to grow your small business, but how do you know if it’s the right time to invest? Here are five telltale signs you could be ready for your next.

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Popular uses of small business loans at EOFY

Preparing your business for end of financial year 2018–19? We explore some of the ways business owners are benefiting from small business loans at EOFY.

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6 steps for small businesses to get paid faster

Unpaid invoices can cause significant cash flow issues. So, what can you do to avoid this? Here’s our six-step guide to get you started:

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The difference between APR and simple interest rate explained

We explain common financial terms like APR and simple interest rate, so you can be more empowered when applying for a small business loan.

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How to get a small business loan – the easy way

Securing a loan can be difficult for SMBs, but alternative lenders can help small business owners access funds with no asset security required.

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The benefits of a business line of credit

A business line of credit is a convenient and flexible source of funds that put small business owners in charge. Here’s the benefits of having such a facility.

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How your small business can benefit from the $30k instant asset write-off

As a small business owner, the government’s $30k instant asset write-off scheme could be great news for your company. We unpack the details so you can benefit.

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The differences between a business loan and a business line of credit

If your small business needs funds for opportunity, growth or cash flow, there are different options. We explain a business loan vs a business line of credit.

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A business line of credit: Explained

A business line of credit is an ongoing funds facility that allows small business owners to manage day-to-day cash flow fluctuations. Here’s how it works.

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2019 Federal Budget: The key take-outs for small business

The 2019 Federal Budget brings good news for small business owners, from tax cuts to an increase in the instant asset write-off. Here’s a break-down.

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Prospa hits $1 billion in loans to Aussie small business owners

This month, we celebrate a huge milestone for us – and we couldn’t have done it without our incredible customers.

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What the Royal Commission means for Australian small businesses

Borrowing issues, loan guarantors and more. The final report on the Banking Royal Commission has been released, but what does it mean for small business?

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[Infographic] Small business owners are distracted during the holidays

Research from YouGov has outlined the key sacrifices small business owners make in Australia.

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[VIDEO] How to stay relevant in a rapidly changing retail sector

The retail sector is going through rapid changes as digital technologies and new consumer expectations disrupt traditional ways of doing business.

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[VIDEO] The future foundations of the building and trade industry in Australia

The future foundations of the building and trade industry in Australia.

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[VIDEO] What will the hospitality industry serve up next?

If hospitality businesses want to continue to satisfy Australia’s insatiable appetite for food and food experiences, they need to stay ahead of the game.

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[VIDEO] 12 Cash Flow Tips To Ensure Your Business Stays In The Green

There’s no doubt that this time of year is busy. Wherever you look, businesses are ramping up for the end of year. And at no other time is cash flow a more significant distraction than now.

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Cash flow management tips for Christmas and New Year

Cash flow management is one area of business you should never neglect. Here are our quick tips for managing cash flow during the festive season.

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6 hacks for managing cash flow during a quiet time

To help you manage cash flow during a quiet period, we’ve come up with six quick hacks to keep your cash flow positive.

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Clients distracted at EOY? Here’s how you can help!

Understanding how end-of-year affects businesses in different sectors can help you find cash flow solutions for a variety of clients – and, in the process, boost your practice.

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How to understand seasonal trends in small business

Learn how businesses in various sectors approach end-of-year. This will help you provide them with the ideal cash flow solutions, as well as grow your own practice.

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12 cash flow tips to ensure your business stays in the green

Is cash flow a major distraction for your business at this time of year? Follow these cash flow tips to ensure your business stays in the green this holiday season.

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[QUIZ] Do you have a sixth sense for small business trends?

Are you a small business owner who thinks they know their stuff? Test your small business know-how by taking our quiz!

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[Quiz] How well do you know the hospitality industry?

Take our small business hospitality quiz to test your knowledge on future trends shaping the industry.

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[Quiz] How well do you know the retail industry?

Take our retail quiz to test your knowledge on future trends shaping the industry.

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[Quiz] How well do you know the construction industry?

Take our building & trade quiz to test your knowledge on future trends shaping the industry.

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[Infographic] 5 trends shaping food service businesses

Some insights to kick start some thoughts about how you can stay relevant in a rapidly changing hospitality industry in Australia.

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[Infographic] 5 trends shaping retail businesses

Some insights to kick start some thoughts about how you can stay relevant in a rapidly changing retail sector.

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[Infographic] 5 trends set to shape the building and trade industry

Some insights to kick start some thoughts about how you can stay relevant in a rapidly changing building and trade sector.

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9 strategies for managing unpaid invoices at EOY

Limit the number of unpaid invoices your business has to deal with, clear them and avoid a cash flow crisis this Christmas.

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Cash flow management tools to add to your small business

In business, it’s important to stay on top of the numbers and have your eye on the 12 months ahead. Use cash flow management tools to stay on track.

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How to overcome common EOY struggles

Many business owners struggle during the holiday period. Here are some common struggles and our tips for getting through them – and enjoying the season.

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Uncovering EOY opportunities for small businesses

There are plenty of opportunities that the celebratory Christmas season brings. We explore some industry-specific prospects.

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Small Business Policy Template

Whether your managing a small or large team, having clearly defined and implemented business policies is essential for ensuring your small business operates efficiently and consistently. This policy template and checklist will help you document and rollout key operational procedures.

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Balance sheet template

Get a snapshot of your bottom line at any point in time with a balance sheet. Use this template to calculate your working capital and liquidity so you can get a better understanding of your business’s assets and liabilities.

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Email lead generation template

Are you using email marketing to generate leads for your small business? This easy-to-use template will help you kickstart and refine your email marketing campaign, from defining your audience to developing an email template.

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SWOT analysis worksheet

A must-have business tool, this SWOT analysis template will help you identify any potential opportunities to help your business grow as well as any potential roadblocks that might stop you in your tracks! Use this tool to get a more holistic view of your business.

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What is working capital and why does it matter?

Working capital is the lifeblood of every small business. Here are two simple tools that will clarify this vital metric and help you explain it to your clients.

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Unlocking the value in your database

Your client database is a mine of information about the people you serve. Learn how to segment your database so you can target relevant customers and add more value to the customer experience.

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Why and how brokers should diversify

Stephen Hale from the Mortgage & Finance Association of Australia discusses the benefits of diversification for brokers prepared to offer new products.

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Small Business Month: Housekeeping list

Get inspired, take action and ensure your business not only survives but thrives with our Small Business Month housekeeping list.

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How to use LinkedIn to find new customers

LinkedIn is so much more than a social media platform. It’s a place where professionals can congregate, and it has the potential to truly grow your business.

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Get the scoop on how one small business managed trading disruptions

Megan Stenning is the owner and operator of New Zealand Naturals in Airlie Beach. Here she shares the highlights and challenges of her small business journey, and how she learnt that ultimately – it was all worth it.

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Can I dismiss a difficult employee?

Managing employees can, at times, be a challenging part of running a business, and a difficult or underperforming employee makes it even harder.

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Tips for managing small business loan repayments

Small business loans are an everyday part of running and growing your business. Read more for tips to help you manage your loan repayments and get ahead!

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Word of mouth marketing in the digital age

Despite being in the midst of a digital revolution, word-of-mouth marketing still has a very important place in small business strategy. Here’s how it works.

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How to change your business structure from sole trader to company

Are you a sole trader looking to shift to a company structure? First off, congratulations on your growth. Now, it’s time to think about how you’re going to change your business structure. In this article, we guide you through how to change your company structure step by step.

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The complete guide to finding a small business mentor

As a busy small business owner, you’re often trying to juggle more than you can handle at one time. It’s essential that you have a mentor to not only guide you but to support you through some of the tougher times. Here’s how to find the right mentor for you.

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How to attract and hire the right employee

What’s the secret to finding and hiring the right employees to help your business grow? Learn to spot and hire the right talent for your business is to create a team that will help you grow and expand.

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How to set your business up for mobile payments

With approximately 88 percent of Australians owning a smartphone, it’s never been more important for your small business to be setup for mobile payments. Read on for some tips on joining the digital revolution.

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Why people join Prospa and why they love working here

We asked our people why they decided to join Prospa and why they love working here.

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5 ways to stop your business from losing money

Is your small business losing money? Here are five simple tips to help your small business stop losing money and start earning.

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You have choices! How to choose finance for a growing business

Growing or expanding your small business? Learn how to choose the right finance option to suit your needs and help facilitate the growth of your small business.

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4 ways to turn customers into brand ambassadors

There are few better brand ambassadors for your business than your existing customers. Learn to recognise, nurture and grow potential brand ambassadors from your existing customer base and watch your reputation grow.

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Happy Father’s Day to our Prospa Dads

We are lucky to have some incredible fathers within the Prospa team, and wanted to showcase exactly what it is that makes them so special.

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How to turn your business into a franchise

Has your business experienced exponential growth? Is your product or service in high demand? This may be the perfect opportunity to turn your small business into a franchise! Read on to find out if this might be the right path for your small business.

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How to Deal with Late Payments

As a small business owner, you probably deal with your fair share of late paying suppliers. Late payments can interrupt a strong cash flow and potentially bring seasonal businesses to their knees. Here’s how to deal with late payments.

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Get to know the government grants in your state

We break down small business government grants by state to help existing and new enterprises take advantage of all the help available.

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Does your digital presence comply with privacy laws?

Governments are stepping up regulation of online privacy, and small businesses can’t bury their heads in the sand. We’ve put together a quick guide to the key privacy areas you need to be across.

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4 ways to deal with business competition

While it’s tempting to knock out the competition, there are ways to improve your own business first. Get ahead of the competition with these tips for boosting your small business.

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How to get a small business loan that works for you

As a small business owner, it can often be hard to obtain the finance you need to help your business grow. With these four tips, it should be easier for you to access the finance you need and ensure you’re approved, not declined.

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Use Instagram to promote your hospitality business

Social media is a vital marketing tool for any business owner today especially in the hospitality industry. Here’s how Instagram can earn you customers.

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A ‘how to’ for business owners managing their super

We look at how and why every small business owner needs to start paying themselves superannuation and planning for the future with these actionable tips and advice.

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How to start the new financial year afresh

Strategies and tips to implement to ensure your small business runs smoothly and grows in the 2018-19 tax year.

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Prospa Supports Online Small Business Lenders’ Code Of Practice

Prospa, Australia’s #1 online lender to small business, congratulates the Australian Finance Industry Association (AFIA) for today publishing the Code of Small Business Lending Practices.

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What is a factor rate and how does it impact you?

In this blog we unpack and explain factor rates – from how they are calculated to what they’re used for and the key things you need to know about them.

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Is your small business ready for end of financial year?

This complete checklist – which you can download and print – will ensure your small business ticks all the boxes this financial year and is ready to leap into the next.

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6 tax-time tips to minimise your EOFY stress

Does the end of financial year stress you out? Check out these simple and actionable tips for small business owners to help you navigate – and make the most of – tax time.

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[Infographic] How to take advantage of the $20,000 instant asset write-off

Here we unpack what the instant asset write-off actually means for your small business and what you can and can’t claim.

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Is your business reporting letting you down?

Business intelligence (BI) is a system that ensures you report the right way. We offer tools and tips on the benefits of good reporting and consider the negative effects of bad reporting.

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Is your business ready for single touch payroll?

What is single touch payroll and what does it mean for small businesses? We give you the rundown on the latest reporting requirements for small business owners, with quick tips and advice for an easy and seamless set-up.

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5 minutes with Karen Hellsten of Mountain Wine Tours

Prospa catches up with small business owner Karen Hellsten of Mountain Wine Tours to find out more about her small business and what makes her tick as a small business owner.

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Cash flow loan checklists

When you understand the benefits of cash flow loans, it’s easy to spot when it’s the right solution for your client.

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Understanding the new generation of business funding

There’s a new generation of lending available for small businesses. Cash flow lending, crowdfunding and raising equity are some of the ways 21st century businesses are raising capital to grow.

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Understanding cash flow lending

Cash flow lending could be the smart answer to your clients’ small business needs – and boost your portfolio at the same time.

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What this year’s Federal Budget means for small business

Christmas didn’t quite come early with this year’s federal budget, but there were a few gifts for small businesses left under the tree.

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5 ways to find new business and increase leads

How do you currently get leads and new business? See how you can increase the volume of new business with these strategies for finding new leads to widen your customer base.

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Business strategy template

Business strategy is essential, whether you’re looking to start or buy a business, or just trying to get your house in order. Use this strategy document as a guide, benchmark and overview for potential investors.

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12-month profit and loss projection tool

Use this worksheet to project and record profit and loss throughout the year. This tool will help you monitor your activity and show whether your business model is viable.

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Employee KPI and performance review template

Use this KPI document to assess your employees’ performance and help them develop the skills they need to grow. Get to the bottom of what makes your employees tick and identify areas for improvement and growth.

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9 cash flow mistakes to avoid as an owner

In small business, cash flow is king. It’s crucial for covering expenses, repaying debt and planning for growth. Here are some common cash flow mistakes to avoid – and how to stay on the path to success.

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The essential small business financial dictionary

The first step to making the right financial decisions for your small business is understanding key financial terms. Improve your financial literacy with our handy glossary of key financial terms.

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9 investments to make your small business grow

What types of investments lead to the growth of your business? From upping your online game to smart insurance, here’s 9 essential investments and expenses that can help your small business grow.

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EOFY – how to avoid common small business tax mistakes

The end of financial year (EOFY) is fast approaching! Make it a seamless and easy process by avoiding some of the most common EOFY year mistakes made by small business owners.

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You’re in financial hot water with your business – now what?

Are you backed into a financial corner? Don’t worry! There are ways to work through a rough patch in your small business without losing everything. Read on for best practice advice.

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Everything about starting a small business

Are you starting a small business? We cut through the noise and answer your burning questions from failure prevention to finance.

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5 reasons why businesses overcome failure

We explore some of the biggest causes of small business failure in Australia, and offer tips and strategies to ensure the survival and growth of your business.

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The all-in-one EOFY tool

Get on top of your end of financial year (EOFY) plan with this all-in-one EOFY tool! Use this worksheet to record and track your EOFY regulatory requirements maximise your deductions with our expense calculator.

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Marketing Calendar Template

Marketing works best when it’s strategically planned. This marketing calendar will help you create a wholistic marketing plan that meets your objectives, tracks spending, reaches your target audience and increases your customer base.

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Cash flow forecast template

Take the stress out of cash flow forecasting with these easy-to-use tools that will help you better manage and forecast your businesses cash flow.

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Is your business’s social media falling flat?

Take your social media to the next level with expert tips and tricks to make your social media shine. Learn how to refine your digital voice and create content that will perform leaps and bounds beyond the competition.

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4 ways automation will streamline your business

How long do you spend on administration tasks? Is it getting in the way of growing your business? Discover how automation can streamline the day to day and give you more time to focus on growth.

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4 of the best free website builders

In a digital-first world, your website is the hallmark of your business’ digital presence. Whether you’re looking for a refresh or a complete redo, these four website builders can help.

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Managing your business finances on an ongoing basis

Congratulations! Your small business is running smoothing and things are falling into place. But before you pop the champagne, are you sure you have absolutely everything organised with your business finances?

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Should your business offer more flexible working conditions?

While it’s no surprise that flexible working arrangements increase employee morale, only 13% of Australian small businesses actually have a flexible work policy. Learn the benefits of flexible working arrangements and how best to implement a compliant flexible work policy.

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5 minutes with Nicky Mann of Roses 2 Go

Prospa catches up with small business owner Nicky Mann of Roses 2 Go to find out more about her small business and what makes her tick as a small business owner.

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5 tips for developing a great workplace culture

How’s your staff morale? A positive workplace culture can be the difference between an average workplace and a great one. Here’s how you can develop a high-quality workplace culture.

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5 steps for building a small business budget

Creating a small business budget is key to keeping your finances on the straight and narrow, as well as tracking your expenses to keep you out of the red. Here are five key steps to get started with a budget for your small business.

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Do you know when you need to register for GST?

To register or not to register? That’s the question faced by many Australian small business owners when thinking about GST. In this helpful guide we help you better understand the pros and cons of registering for GST and when your obligated to do so.

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Common BAS mistakes made by small business owners

If you’re a business that’s registered (or required to be registered) for GST and PAYG withholding, you must prepare a periodic business activity statement (BAS) in order to meet your tax obligations. Here’s a guide to getting prepared for BAS and avoiding the most common BAS mistakes made by small business owners.

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Should you charge customers a tap-and-go fee?

With fees running around four times higher for tap-and-go than EFTPOS, we explore the pros and cons of a small business passing on fees to its customers.

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How to manage your BAS

Being a small business owner goes hand in hand with understanding BAS. Here, we demystify the BAS process and make it easier for you manage your BAS ongoing and avoid potential penalties.

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Do I Need an Accountant or Bookkeeper?

How do you know if you need an accountant or a bookkeeper? Here we help you better understand the difference between each so you can make the right decision when choosing a supplier for the job.

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Networking tools and tips to help women in business thrive

For women in business, the benefits of networking include meeting like-minded professionals and connecting with people you may end up doing business with.

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Why debt can be a good thing

While growing a business often involves going into debt, it’s important to acknowledge there are two types of debt: good and bad. Knowing the difference is key.

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How female small business owners can find the best mentors

Small business owners with a mentor are more likely to succeed beyond five years than those without one. Here’s how mentorship can take you to the next level.

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Is your business strategy built for long-term success?

Learn how 6 key ingredients can help you build a smart business strategy so your operations, finances and big dreams are on track for the long haul.

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How to tow your business out of a revenue plateau

Working harder but not making more money? Make 2018 your year for small business growth with these practical ways to increase revenue and build your business.

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5 small business finance measures you need to know

Getting across these five key financial measures for small business success will help put you on the path to growing and expanding your small business in 2018.

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3 questions to ask before you get a small business loan

Three questions to ask before you get a small business loan Are you thinking about applying for a small business loan to help your business grow? Before you take the plunge, here are three questions to ask yourself to make sure you’re ready to take the next step. Question 1: What will you use the […]

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2018 consumer trends that will change your retail business

The beginning of a new year brings often with it the desire to implement change and drive growth in our businesses. In this blog, we round up four key consumer trends that will influence retail small businesses in 2018. Subscription-model businesses With convenience becoming of ever-increasing importance to consumers, 2018 will be the year that […]

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Checklist: 5 New Year’s resolutions for every small business owner

Start 2019 the right way with these easy-to-action New Year resolutions for small businesses.

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5 ways to overcome cash flow crunch

Managing cash flow and balancing the books can be tough, especially when it’s a busy time in your industry! Conquer the end of year cash flow crunch with these five tips for cash flow success!

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Is your small business ready for Christmas?

It’s never too early to start preparing for the festive season. Here are some tips to help your small business survive and thrive during the holidays.

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Melbourne Cup marketing tips for small business

Australia’s most famous race, the Melbourne Cup, returns this year on Tuesday 6 November. Here are just a few ways small businesses like yours can tap into the race that stops the nation – and the Derby Day, Oaks Day and Stakes Day events that form the rest of the Melbourne Cup Carnival – with timely marketing and promotions.

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10 Business Tips For Mumpreneurs

There are now over 668,000 businesses operated by women in Australia, which means women make up around a third of all Australian business operators. And more and more women are starting their own small businesses. There’s been a 46% increase in the number of women running businesses over the past two decades, of which “mumpreneurs” […]

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Six cafe and restaurant design trends to watch

Looking to give your restaurant or café an interior update or overhaul? Read on! From decor and lighting to music and your overall vibe, we’ve rounded up the year’s best trends to help you create the look and feel that’s ideal for you – and your customers. Keep it natural As people embrace sustainability, organic […]

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Try before you buy: Pop-up retail for small businesses

Pop-up stores – also known as pop-up retail, pop-up shops or flash retailing – have evolved greatly since Japanese fashion brand Comme des Garçons launched the concept in Berlin in 2004 to offload its old stock. Today, businesses of all sizes and across a diverse range of industries open these temporary sales spaces for a […]

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Marketing yourself online

Regardless of your industry, most people will want to scope out your business before they engage with it. And with 81% of Australians owning a smartphone and 59% going online more than five times a day, it’s likely many will do so online. With this in mind, here’s our look at online marketing for small […]

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Cash or app? Cashless payment options for tradies

With the Australian home renovation market now valued at more than $31 billion dollars, tradies are busier than ever – and many are looking at ways they can use technology to be more efficient. One way to do this is cashless mobile banking options. These give small business owners the ability to manage their finances […]

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457 visa changes and your business

With skill shortages across many trades and the hospitality industry in particular, the changes to 457 visas will impact many small businesses that rely on foreign workers. What’s changed? The Australian government recently announced that the 457 Temporary Work (Skilled) visa would be abolished and replaced with the new Temporary Skill Shortage (TSS) visa in March […]

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Reducing your small business energy bills

Along with other business expenses, the rising cost of energy in Australia can be a headache for small business owners. According to the general manager of the Chamber of Commerce & Industry Queensland, Kate Whittle, the high prices are putting small business owners in a difficult position. “Businesses are either passing those increases in costs […]

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Choosing the best payroll service for your business

Payroll is a necessary part of any small business with employees. However, it can be stressful and time consuming – especially given your staff will be understandably sensitive to any mistakes that are made. That’s why outsourcing to a payroll provider has become an increasingly popular choice for many Australian small business owners. But is […]

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Prospa appoints Rebecca James as Chief Marketing and Enterprise Officer

Sydney, 4 September 2017:  Prospa, Australia’s leading online lender for small businesses, continues to build on its growth with the appointment of Rebecca James as its new Chief Marketing and Enterprise Officer. Rebecca joins Prospa from ME Bank, where as CMO she led the transformation of the ME brand, simplifying the product offering and step-changing […]

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How to become an Employer of Choice

The Prospa way to becoming an Employer of Choice In the short space of five years, Prospa has established itself as an industry disruptor and market leader in small business lending by putting its people at the heart of the business. It is this genuine commitment to the ongoing success of our people and customers […]

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Protecting your business against ransomware

There have been many stories in the media recently of businesses and government agencies being impacted by ransomware. One of the biggest being the WannaCry ransomware incident, which hit the UK government’s National Health Service (NHS) and affected twelve Australian small businesses in May of this year. The most recent being the Petya cyber attack […]

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Essential 3-Step Guide to Last Minute EOFY Prep + EOFY Checklist

Have you left your end-of-financial-year (EOFY) planning until the last minute? Need some last minute tax tips as a result? We’ve all been there. When you’re a small business owner or self-employed person, it can be tough keeping on top of your taxes as well as your business. So here’s our three-step guide to getting […]

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Prospa appoints Damon Pezaro ex Domain as Chief Product Officer

Sydney, 21 June 2017: Prospa, Australia’s leading online lender for small businesses, has today announced Damon Pezaro as its first Chief Product Officer, in a move that will see the company expand its product offering to help more small business owners access finance. Damon joins Prospa from Domain, where as CPO he led major transformation […]

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4 ways business owners can use seasonality for marketing

Each season provides opportunities to promote your business in different ways. Here are four ways to use seasonality in your marketing.

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Risk Management 101 for Small Business Owners

The tradeoff for the many satisfactions and rewards of running your own business is that you carry the consequences if things go wrong. This is why it’s important to have a risk management plan in place. What is a risk management plan? In a nutshell, it’s a collection of strategies that will help you reduce […]

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Q&A: How will the superannuation changes on 1 July 2017 affect me?

  Superannuation, or ‘super’, is important to all Australians, but especially small business owners who must save their own super, as well as pay super to staff. With major changes to superannuation in effect as of July 1, 2017, we asked Jo Brassett, Financial Advisor with Sydney-based Insurance Advisory Service, to walk us through the […]

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5 questions to ask your accountant before EOFY

The End of Financial Year (EOFY) is fast approaching. Are you prepared? We spoke to accountant Adrian Sibbick from Evo Group to find out how you can maximize your position for this year, and prepare for the new financial year. Tax is a major consideration for small businesses, particularly at this time of year. There are […]

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Budget 2017: Better days ahead but little for small business to shout about

After featuring last year with big ticket announcements for small business, the  Budget 2017 sees a supportive but neutral approach to the sector. Here’s 10 small business impacts you need to know now. 1. $20,000 instant asset write-off extended The $20,000 instant asset write-off scheme stays for another year. Improve your cash flow and deduct […]

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Revisiting the innovation tax incentives for start-up investors

With a few months to go until 30 June when investors can claim the new start-up tax concessions and 31 July when start-ups need to report information to the ATO, it’s good timing to revisit the state of play and some of the key conditions. It was around this time last year that there was […]

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Small business, big dreams: In conversation with The Nile Grill and Kebabs

From little things, big things grow.  In the case of husband and wife team Hosam and Glynis, their dine-in restaurant, The Nile Grill & Kebabs, grew from the successful mobile food van that served hungry sailors in the shipyards of Henderson, Western Australia. Here’s their story. Hosam and Glynis opened The Nile Grill and Kebabs […]

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How to deal with difficult customers

Dealing with difficult customers may not be the most enjoyable part of being a small business owner, but it’s a necessary one. Knowing how to handle complaints appropriately takes practice and professionalism. Here are some tips on how to deal with difficult customers.

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4 networking tips for women in business

Networking is a great way to grow your community of business contacts and peers. For women in business, the benefits of networking include meeting like-minded professionals and connecting with people who you may do business with. Networking provides rare opportunities for learning, development, support and inspiration. Here are our networking tips for women in business. […]

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5 ways to market your small business

Regardless of whether your small business is a new or established one, marketing can play an important role in its success. Marketing can help you grow and retain your customer base, increase awareness and strengthen your brand. Here are five easy ways to market your business. 1. Get on Google My Business When it comes […]

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How one woman used technology to grow her travel business

Technology can be an invaluable tool for small businesses looking to establish and grow themselves. It’s something that Hayley Morris believes is integral to the success of her business. Hayley is the founder of Sisterhood Womens Travel, a Melbourne-based tour company that specialises in women-only travel for small groups. Hayley tells us how she uses […]

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5 marketing ideas to increase foot traffic on Valentine’s Day

Valentine’s Day is fast approaching, and it’s usually a very busy day for many small businesses, especially retailers, restaurants and florists. Here are some small business marketing ideas to help you increase foot traffic on February 14 this year. How Australians spend Valentine’s Day A 2015 survey undertaken by Canstar Blue offers interesting insights into […]

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How do I recover a business debt?

Outstanding debts can stifle a business’ cash flow. However, spending time chasing unpaid invoices can distract business owners from their core functions. Generally, terms and conditions of trade will include a clause addressing payment, unpaid invoices and debt recovery costs. In this article, we will clarify the best way for you recover money owed to […]

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Women who understand good debt

The old adage of ‘you need money to make money’ rings particularly true when it comes to securing funding to start or grow your own business. While growing a business often involves going into debt, it’s important to acknowledge there are two types of debt: good and bad. We explore the differences and look at […]

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4 questions to ask yourself before a website redesign

According to Google’s Consumer Barometer, the internet is a key resource for finding local businesses. 80 per cent of Australians go straight to a search engine to look for a local business, and 55% use a website as their main research tool even if they go on to buy in store. If your business is […]

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How to make the most of the January sales period

With many Australians enjoying extended holidays and taking advantage of the sales running well into the New Year, January is traditionally a busy time for retailers. We’ve compiled six simple ways small businesses can make the most of the January sales period this year. 

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4 of the Best Alternative Sources for Business Finance

Getting finance is crucial to starting your business dream, and it does not get any less important once you are up and running. With traditional business financing sources often difficult to access for small business owners and tradies, fortunately there are more alternative options for business funding than ever before. 1. Online Lenders More and […]

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5 Tips for Maintaining Steady Cash Flow this Christmas

Bells are jingling and cash tills should soon be ringing for Australian retailers this Christmas. Follow these tips to manage your cash flow this Christmas.

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3 Ways Beauty Salon Owners Can Increase Profit Margins

In today’s tough economic conditions, salon owners have to focus on profit margins more than ever to ensure they survive and grow. Fortunately, there are many ways hair and beauty salons can become more efficient while growing revenue and clients – here are three of the best methods to boosting your business. 1. Improve product […]

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Female Business Leaders and Money Management – Insights from the Top

Any successful business venture requires careful cash flow management. It’s a delicate balance – scaling at a rate that enables you to cater to demand, while having enough resources to attract and retain the right employees. Business owners risk spreading themselves too thin if they try to do too many things at once. One of […]

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How to improve your customer service

The difference between a happy customer who comes back, and an unhappy one who never will, can come down to the standard of customer service you provide. Service quality can have a significant impact on the success, reputation and growth of your business. That’s why it’s important to continually try to improve it. Here are […]

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3 women who used business loans to grow

Getting a small business off the ground is no easy feat, but having enough cash flow and capital to actually grow it is a different kind of challenge. It can be frustrating when traditional lenders are unable to help, but the good news is, funding doesn’t begin and end with the big banks anymore. Here, […]

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5 common payroll mistakes made by small business owners

Employees are the most valuable assets for any business owner or tradie, so managing the payroll should be a top priority. With even major organisations such as Queensland Health making payroll mistakes in recent times, here are some tips to ensure small business owners stay out of trouble with payroll tax. Understand who is an […]

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How to upsell any customer

Upselling is an art. Why? Because it involves getting an existing customer to buy or spend more with your business than they intended. This is no easy feat in a competitive market and when done well can help build stronger customer relationships and a healthier bottom line. So, how do you upsell to any customer? […]

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5 ways female small business owners can find mentors

For many women, having a source of inspiration and advice is key to overcoming the challenges of running a small business. According to a 2014 study, small business owners with a mentor are 70% more likely to succeed beyond five years than those who don’t have one.  Finding the right mentor will help you remain […]

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4 tips for small businesses to improve their web safety

From online banking to your business’s website and social media – the internet has become an indispensible part of running a small business. That’s why it’s essential that you make web safety a priority. Here are some tips to protect your business and stay safe online. 1. Create strong passwords. A 2016 report by US […]

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Productivity tips from Australian small business owner, Corrie McLeod

Espresso Communications founder Corrie McLeod opened her Sydney consultancy in 2004. Twelve years on, she heads a team of 14 consultants. Espresso’s clients include more than 20 high tech vendors and organisations. So what tricks to increase productivity and minimise downtime has McLeod learnt along the way? Here are her top tips for getting more […]

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4 warning signs of a financial problem for your business

Financial difficulties are the cause of many businesses closing. In the busy day-to-day of running a small business, it can be easy to pass off a warning sign of financial stress as something else. However, it’s important you don’t, because acknowledging and addressing any red flags early on may save your business. Here are four […]

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5 empowering conferences women small business owners should not miss

Keen to connect with like-minded entrepreneurs and small business owners while listening to inspiring female speakers? Here are the events and conferences coming up that you’ll want to put on your calendar. Being a female entrepreneur or small business owner in Australia can be tough. Although the number of female-run small businesses has grown by […]

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What to do if you file your business tax return late

Life as a small business owner or tradie is busy, and filing tax returns is often the last item on the list after another demanding day. Sadly, unlike when you were at school, it is not actually possible to say the dog ate your homework and beg forgiveness. As the saying goes, there are only […]

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5 ways to improve cash flow in a small business

Cash is king, as any small business owner or tradie knows only too well. Getting on top of cash flow problems can help minimise variations in revenues and expenditures, while also giving you the freedom to plan for future growth. Here are five ways to help improve cash flow in your business: 1. Immediate invoicing […]

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Is it time for your hairdressing salon to hire an apprentice?

Hiring and training apprentices at your salon can be a cost-effective way of growing your business. Here are some things to consider before you take the plunge. Keeping up with demand Is the reputation of your salon growing? Are customers flooding in? Do you find yourself apologising for long wait times or a booked up […]

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4 ways cloud technology will help your business grow

New technology is continually changing and shaping how we do business, allowing small businesses to be more efficient than ever before. Among these technologies is cloud computing. Here, we explore what cloud computing is and how it can help you grow your business. What is ‘the cloud’? Many businesses once stored their apps, data and […]

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How to streamline your invoicing processes

Managing invoices and accounts can be a time-consuming affair. Here are some tips to streamline – and stay on top of – your invoicing processes so you can get paid. Invest in accounting software One of the easiest ways to streamline your invoicing processes is to upgrade from your old Excel spreadsheet to digital accounting […]

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Instagram – the essential social media platform for cafes

Social media is a vital marketing tool for today’s café owner, and in particular Instagram. This  photo sharing app has doubled its reach since 2013 and shows no sign of slowing. Here’s why and how Instagram can help grow your business. It’s visual A picture tells a thousand words, and Instagram is a global community […]

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How to grow your practice when you are the business

Working solo as a health professional, consultant, bookkeeper, broker or lawyer can be tough. Here are a few ways you can take your business to the next level and grow your practice and team to be more than just you. Reward referrals Happy customers are your best form of PR. Why not implement a scheme […]

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