Collecting your money faster
Credit limits are designed to prevent debt from escalating out of control. Put a credit limit on all customer accounts and then put an automatic ‘stop credit’ on any overdue […]
Author: Love Your Numbers
Posts by Love Your Numbers
Lessons learned from global disruption and looking ahead
While it may be challenging to predict what the future holds, history shows us that economies will eventually recover from major disruptions. It’s useful to reflect on how your business […]
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Tips to improve your profit margin
Increasing sales might make more profit for your business but consider increasing profit margins, especially if there is limited opportunity to increase sales. Growing your business can be achieved by […]
Tactics to avoid running out of money
A business can survive for a short time without sales or profits, but not without cash. It is cash which pays the bills and allows trading to continue. If you […]
Metrics to measure business progress
Here are 5 important metrics to pay attention to when it comes to the success of your business, including ways you can improve them. 1. Gross margin Gross margin is […]
What to do if you have a cash crisis
Dealing with a sudden cash flow crisis, even if you’re working hard to avoid shortfalls, is hugely distracting. A formerly reliable customer might take much longer to pay than anticipated […]
Your social responsibility to employees
Businesses are increasingly aware of their impact on society as much as for their products and services. How businesses treat their employees directly influences public perception and attractiveness to skilled […]
A guide for effective cash flow management
An up-to-date business cash flow forecast can help you manage your business more efficiently. It’s an estimate of the amount of money you expect to flow in and out of […]
Pricing mistakes that cost your business more than you think
Pricing can make or break a business. Yet for many small business owners, setting the right price is more guesswork than strategy. Whether you’re undercharging, reacting to competitors, or failing […]
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Deciding when to raise your prices
Raising prices can feel risky. You may worry about losing loyal customers or damaging your reputation. But if your costs are rising, your services are expanding, or your margins are […]
Stay alert from ATO scams
Criminals are impersonating the ATO to steal identities, access bank accounts, and defraud Australians, often using highly convincing emails, SMS messages, and phone calls. There has been a dramatic increase […]
Raising equity capital
Equity capital involves selling a portion of your business in exchange for cash. It’s often ideal for startups or businesses in high-growth phases that need significant funding for expansion. There […]
ATO tax debt to become more expensive from July 2025
If you currently owe money to the ATO, it’s about to get more costly. From 1 July 2025, the two most common interest charges the ATO applies to late or […]
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Restructuring if cash stressed
Restructuring your business can feel like a daunting task, but in times of economic uncertainty or shifting markets, it can be the key to long-term success. The idea is to […]
Improving break-even
If you need to sell more items than expected to reach your break-even point, there are several steps you can take to lower that point. Step 1: Develop premium products […]
Impact of discounting
Be wary of discounting on a regular basis to gain sales. It can be a sound strategy if you are aiming to find new customers and sell loss leaders, or […]
Find and fix bottlenecks
Bottlenecks are the inefficiencies or constraints that slow down your operations, impacting everything from production and sales to customer satisfaction. These roadblocks hinder growth, making it difficult to scale your […]
Driving sales and revenue
Improving sales and revenue can resolve many business challenges. When more money comes in than goes out, your business stays solvent, giving you time to implement further improvements. Here are […]
Finding spare cash in your business
Many businesses encounter cash flow difficulties every year, particularly during growth phases when expenses often rise faster than revenue. There’s a need for effective cash flow management and securing additional […]
Protecting your business online
Whether you handle online payments, store customer data, operate remote teams, or rely on SaaS platforms to run your company, you’re exposed. From stolen credentials to ransomware, cybercrime can disrupt […]
