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The bad & the beautiful

Article Abstract:

A more traditional path for funding by SMEs to tap shoulders of family and friends at a time when Australian capital markets are awash with creative financing options is discussed. A key component of success for business is tight management of cash flow and even stricter budgeting, but financial backing from family and friends helps to avoid many of the hurdles faced pitching to banks and private equity houses, as well as retaining more control over the direction of the business.

Cash flow

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Family Planning

Article Abstract:

Graham Connolly, a chartered accountant and owner of the Family & Private Business Advisors Group operate in the fraught world of succession planning in family companies. He follows the novel concept of a family retreat for family companies, where several generations of the family running a company, get to sit across with one another to create a family business constitution that clearly sets out the rights, responsibilities and timelines for general successions.

Beliefs, opinions and attitudes, Accountants, Family-owned business enterprises, Family-owned businesses, Succession planning (Business), Family corporations, Connolly, Graham

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Winning debt

Article Abstract:

Australian small and medium enterprises (SMEs) are embracing factoring and discounting, a form of debt, which allows them to create a credit facility from outstanding invoices. Factoring and discounting has become a sought-after way of funding growth for SMEs with cashflow problems.

Commercial Banks, Commercial Banking, Business Factoring, Factoring (Finance)

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