FactorONE Blog

Getting loan finance for your business can be exhausting. You have to update your business plan and your accounts, explain your operation to a lending team, educate them about your market, and inspire them with your vision. It’s no wonder many business owners don’t want to go through the process aga......

Treasurer Scott Morrison announced in MYEFO last December that the ATO plans to disclose tax debt information to credit reporting bureaus from 1st July 2017. The ATO will disclose to credit reporting bureaus the tax debt information of businesses who have not effectively engaged with the A......

Improving your business’ credit profile can save a lot of money in the long run. A good credit profile means you’ll pay less in interest costs and financial institutions will be more likely to lend money to you when you need it. A bad credit profile means the business may encounter issues accessing ......

Collecting unpaid invoices is hard and expensive work. If not successful through normal accounts receivable processes, instead of calling in costly lawyers and commencing with litigation it may be a much smarter option to issue a letter of demand to your client and seek alternative dispute resolutio......

If your business is struggling, there are several options you should consider well before you turn to insolvency or sell off assets. Often, external advisers may recommend formal insolvency and sale or liquidation, when fast improvements to cash flow can have a more immediate impact on the health of......

What are the early warning signs of business stress?  There are plenty of red flags which go up when the business is under a degree of stress. Lost customers, unsold stock, worn-out equipment,  a spike in credit notes, a rash of resignations, and even letters of demand from your trade cred......

It’s important for businesses to regularly review their tax positions and set up strategies to improve their cash flows to make sure they can stay on top of their tax obligations. Failure to do so can result in fines, but often the real pain is in simply having to take your focus off what is importa......

Ask any small business owner about cashflow and most will tell you that late payments are a major cause of headaches and sleepless nights. As a financier of startups and SMEs, our FactorONE team is dealing on a daily basis with entrepreneurs looking to make the most of their working capital and impr......

Poor work-life balance is the epidemic of our time judging by the tomes written on the subject, and it is fair to say that small and medium-sized business owners tend to be one of the greatest casualties. Survey after survey reveals that work-life balance is one of the major concerns for SME owners,......

Ten top tips for cash flow management Small and medium sized businesses are often stretched to breaking point at the end of financial year by slow debtor payments, with average debt turn now taking around 50-60 days, almost double standard trading terms according to Dun & Bradstreet. Tackling la......