How to access business finance during the pandemic

Posted by James Price | JPAbusiness on 02-Dec-2020 02:00:00

Interest rates are at record lows in Australia right now and, to address the various impacts of COVID-19, the Commonwealth Government has introduced a number of programs to kick-start and boost the economy, including the Coronavirus SME Guarantee Scheme.

Some might argue there’s never been a better time to borrow money to invest and grow your business!

Launched in March, the SME Guarantee Scheme was designed to help otherwise viable SMEs weather the devastating impact of COVID-19 and rebuild for the future.

Phase I ran until September 30 and was not broadly taken up – less than $2 billion of the $40 billion allocated was approved for payment.

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Topics: Banks and lending, Cash flow, Working capital, finance, seeking finance, business finance, COVID-19, coronavirus

14 ways to control cash flow and maintain liquidity [cheat sheet]

Posted by James Price | JPAbusiness on 20-May-2020 02:00:00

[This blog has been republished in the wake of COVID-19 developments, as having the liquidity necessary to continue operating effectively is critical in these times.]

As business valuers and brokers, and in advising clients on business performance and financing, there is a critical thing we look for: liquidity.

Liquidity is effectively how much cash a business generates and how stable and frequent that generation is. That ability to generate cash is a critical component of business value.

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Topics: Cash flow, Working capital, Running your business, cheat sheet, COVID-19, coronavirus, liquidity

Free up cash with our Working Capital Checklist [free template]

Posted by James Price | JPAbusiness on 25-Mar-2020 02:00:00

As a business owner or manager, there are a number of 'levers' you need to control to successfully manage working capital and drive a successful, cash-generating business.

As our Working Capital Checklist shows, those levers fall into two buckets: current assets and current liabilities.

You can use the free checklist to assist you in achieving a firm control of your working capital levers and cash position, so your business proposition is not hampered by poor cash flow.

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Topics: Cash flow, Working capital, Checklist, business management, COVID-19, business strategy, coronavirus

4 tips to maintain or reduce business debt [infographic]

Posted by James Price | JPAbusiness on 11-Dec-2019 02:00:00

The infographic below contains four of our top tips for managing business debt and maintaining a healthy cash flow.

Business owners looking to drive their business forward need to be aware of their capital base and liquidity for working capital and investment purposes. Critical to this is maintaining a strong cash flow.

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Topics: Cash flow, Working capital, infographic, managing debt

Our 14 top tips to control cash flow [cheat sheet]

Posted by James Price | JPAbusiness on 27-Nov-2019 02:00:00

As business valuers and brokers, and in advising clients on business performance and financing, there is a critical thing we look for: liquidity.

Liquidity is effectively how much cash a business generates and how stable and frequent that generation is. That ability to generate cash is a critical component of business value.

As we often say, owners need to think about the value they get today in running their business, versus the value they get in the future when they sell.

The more cash surplus in the business, the more value they’re deriving into their pocket today. But cash surplus – as working capital – also gives a business more options to grow, invest and change, and build value over time.

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Topics: Business Value, Cash flow, Working capital, Running your business, cheat sheet, cash flow management, business value drivers

Working Capital Checklist: drive cash flow today and boost value on exit

Posted by James Price | JPAbusiness on 15-May-2019 02:00:00

As a business owner or manager, there are a number of 'levers' you need to control to successfully manage working capital and drive a successful, cash-generating business.

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Topics: Selling your business, Cash flow, Working capital, Due diligence, Exiting your business, Checklist, selling a business

14 tips for controlling cash flow [cheat sheet]

Posted by James Price | JPAbusiness on 09-Jan-2019 02:00:00

Cash flow is a critical part of the operation of a business.

If your business were a human body then cash flow would be the system of veins and arteries and the blood that runs through them: it's essential for keeping the body/business alive, active and functioning.

This cheat sheet contains 14 of our top tips for managing your cash flow. 

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Topics: Cash flow, Working capital, Inventory, Running your business, cheat sheet

Tips to manage business debt

Posted by James Price | JPAbusiness on 12-Sep-2018 02:00:00

'Low debt' was one of the top 3 positive impacts on business performance identified by respondents to our recent surveyIn fact, over 40% of respondents cited maintaining a low debt as a key element of their positive business performance.

One of the focus areas for business owners to drive their business forward is maintaining an awareness of their capital base and liquidity for working capital and investment purposes. Critical to this is maintaining a strong cash flow.

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Topics: Cash flow, Working capital, managing debt

How to calculate your Inventory Turnover Ratio [infographic]

Posted by James Price | JPAbusiness on 29-Aug-2018 02:00:00

The first step in determining the correct stock holding for your business is to understand your current Inventory Turnover Ratio (ITR) i.e. your stock turn.

As a rule of thumb, a stock holding that represents 12 months worth of sales is the maximum needed. However, it’s very hard to generalise.

Some businesses are import oriented so need to commit to a certain level of stock to ensure their freight rate is not exorbitant and/or they have sufficient stock ordered from a single season pre-order. This may cause lumps in their stock holdings.

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Topics: Cash flow, Working capital, Inventory, infographic, inventory turnover ratio, stock, stock control

How to improve cash flow with suppliers [video]

Posted by James Price | JPAbusiness on 11-Apr-2018 02:00:00

Cash flow is the lifeblood of a business.

Cash flow has always been important, but it has become even more so in a post-GFC world.

Money was hard to come by during the global financial crisis, so smart companies looked at their total business operations and asked ‘where do I have money tied up that I can use more efficiently?’

In this video I'm focusing on how you can improve your cash flow through your dealings with suppliers.

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Topics: Cash flow, Working capital, Video, Suppliers, managing suppliers, cash flow management

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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