Financial Advice
The Personal Property Securities Act (2009) and the associated Personal Property Securities Register (PPSR) has been in place since 30 January 2012 and it affects all businesses. Have you reviewed your business processes to ensure that your interests are protected? It might refer to “personal property” but this legislation is absolutely about business assets. The [...]
As I wrote in my recent post, the web is a powerful enabler of business innovation. And innovation is essential for any business to survive and thrive in this digital age. The web has torn down barriers to entry into virtually every industry. Your competitors are not just existing firms in the industry, the ones [...]
The Internet – in particular in its evolution into what has widely become referred to as Web 2.0 since late 2004 – has made technology extremely affordable and accessible to even the smallest of small business. These new internet technologies are the great enablers for business innovation, productivity and growth. Yet there’s still a stark [...]
The Personal Property Securities Act (2009) and the associated Personal Property Securities Register (PPSR) finally came into force on 30 January 2012. It might refer to “personal property” but this legislation is absolutely about business assets. The PPSA replaces over 70 State and Commonwealth legislations in Australia that currently govern ownership of both tangible and [...]
The year has flown and October has flown extra fast for me, having been at 2 3-day conferences* (virtually back-to-back) in Phoenix, Arizona. It was time well-invested with valuable insights for my business. I have a full notebook to distil into action items. I will share what I have learnt over the coming months in [...]
The dark clouds hanging over the economies of Europe and the US don’t look like clearing any time soon. It looks like we are facing an extended period of slow growth. However, that doesn’t mean that your business can’t grow and thrive even through all the gloom and doom. Lots of companies have done it: [...]
In the September 15 – 21 2011 issue of the BRW magazine, one of my favourite columnists John C. Lyons summarised the key priorities for thriving through economic downturns as 4 Cs: Cash, Customers, Costs and Creativity. I think his article is absolutely right on the mark and worthy food for thought for all businesses. [...]
I have previously written a post about how to ensure you do not become the “accidental” banker or financier to your customers….unless of course you are in the finance business. The flip side of tight debtor management can be summed by a paraphrasing an old saying: “Do unto your suppliers as you would have your [...]
If you provide credit terms to customers, take a close look at your aged debtors listing. Have you inadvertently started up a finance arm in your business? Customers who stretch their payments beyond your stated payment terms are essentially using your business to finance their business. You are providing free credit. In the meantime, you [...]
Have you heard about the Personal Property Securities Act 2009 (“PPSA”) and the Personal Property Securities (Consequential Amendments) Act 2009? You haven’t? Well, you wouldn’t be Robinson Crusoe. Financiers have been well aware of the PPSA and will no doubt have made amendments to their documentation, agreements and processes etc. The PPSA received royal asset [...]
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