Posts Tagged: Australian small business

Cash isn’t the same as profit. Cash is King!

We all know that even a highly profitable business can fail because it runs out of cash. But, how are cash & profit related and how can they be such different things? Profit does not equal cash… Let’s look at the numbers. There are only two places that any transaction…

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Is your business eligible for JobKeeper 2.0?

The introduction of JobKeeper in March was a much-needed lifeline for many businesses impacted by the COVID-19 pandemic. The reintroduction of strict shutdowns in Victoria has forced many businesses to “hibernate” again, while many businesses that are allowed to operate have suffered losses due to the lockdown. The ongoing closure…

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Liquidation relief extended as 33% of businesses struggle

Govt Extends Business Liquidation Grace Period The Federal Government has extended the temporary relief measures introduced to save businesses from going under during the coronavirus pandemic. Due to expire on 21 September 2020, the insolvency and bankruptcy “grace period” is being extended until the end of the year. In a…

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Making Advisory Boards Work for You

Ever wish you had some people to bounce stuff off? Neil Parker, BridgePoint Group Managing Director reckons there are two types of businesses – those that have an advisory board and those that should. “There is only one thing that disappoints me more than poor performance and that’s the complacency…

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