Small and medium sized businesses account for a significant share of total employment in Australia. ...
According to accounting software company, MYOB, nearly three quarters of SMEs see the holiday season as important to their business. This is why it is imperative that your SME is preparing properly for the upcoming festive season.
Since it is the busiest time of the year for almost everyone during November – January, the best way to get the most out of this time is to plan ahead and be ready for what is coming. As a small and medium sized business you need to be adaptive and have the ability to adjust to change quickly in order to meet customer demand, and you also need to prepare for periods of leave from employees, or even small business closures during the last week of December, depending on the type of business you run. If you are aware of what might possibly be thrown your way, then you can easily be ready and not let it jar the amazing business opportunities that this period of the year brings.
Firstly you need to have a good grip on your finances, including what possible cash flow streams will look like, and whether you have a good amount of investing cash flow around in case you have last minute demand that needs to be met involving more funds. Your ability to adjust quickly to demand, will be much more lenient if you have not only a strong organisational cash flow, but a strong investing cash flow.
This may seem easy, but it is much easier said than done. As a small or medium sized business you will likely still be building your business, and this can mean uncertain cash flow is common. And the festive season doesn’t change this.
Just another one of the reasons why preparation is key. If your business is lacking in either organisational cash flow stability, or investing cash flow, then you should consider preparing for the Christmas season by looking into finance options for your SME. One of the best options for a small and medium sized businesses who need to ensure they can get through the season, is by finding a lender who provides invoice finance for small businesses.
Invoice finance is a great way to assist with your SMEs cashflow while waiting for late invoices to be paid, or because of unexpected expenses during the festive season. Luckily for small and medium sized businesses, non-bank lenders are here to help, and offer the best tailored finance options on the market. If you have decided that invoice finance is the right option for your SME during the busiest period of the year, then look no further than non-bank lender Grow Finance.
Grow Finance is a non-bank lender who provides tailored finance options to small and medium sized businesses. This way they create a more accessible option to businesses who are often turned down by big bank lenders, due to their small size. By creating a product that is accessible, they are expanding the market and giving SMEs an environment in which they can thrive and get help when needed. If your SME is looking to learn more about Invoice Finance, get in touch with the Grow finance team today, call 1300 001 420, or visit our website to find out more.