Many business owners, in small and large firms, don’t really focus on their balance sheet. They look at their profit and loss and, if they’re making a profit, they think ‘everything’s fine’.
From our experience, the balance sheet of a business is often the key to its success.
This is because a healthy balance sheet is often the key to being able to withstand shocks; it gives financiers the confidence to support your business with additional funds when things are tight.
Topics: Advice, Banks and lending, Running your business, infographic, Banking, Parramatta, Orange NSW
Your banker or financier is a key partner in your business and, as with all successful partnerships, good communication is key.
The following cheat sheet contains some of our top tips for communicating with your bank and setting yourself up for a strong partnership.
Topics: Business Value, Banks and lending, Banking, business advice, Business advisor, business partners, Parramatta, Orange NSW
A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:
Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.
Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking, Parramatta, Orange NSW, business finance
Almost 54% of respondents to our July survey indicated they were ‘confident’ about trading conditions heading into the 2018/19 financial year, while 47% indicated current trading conditions were ‘positive’.
The results indicate a softening in business confidence among respondents since our first survey in December 2017, when the results were 60% and 59%, respectively, for those two questions.
The results also appear to be in line with the NAB business confidence index, which dropped from a high of 12 in January to an 18-month low of 6 in June, before edging up to 7 in July.
Topics: Business Planning, Banks and lending, staff management, business advice, Business advisor, business confidence survey
A bank, financier or equity investor focuses on three S’s when considering their appetite for your business. They are:
Our cheat sheet can help you understand and manage these factors, to help create a strong and positive relationship with your bank or financier.
Topics: Advice, Banks and lending, Running your business, cheat sheet, Banking
