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That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Why – because material costs won’t stay still, and you do not want to be locked into a quote, where materials have belted through the roof, and you are left subsidising your client’s job by paying out more materials – a lot more for materials than you quoted.
Nick, a client and friend of ours, gave us a “heads up” a few weeks ago on how bad supplies are getting, and he had a significant concern that goods he needs for his manufacturing business will be held up in port.
If you are a lover of Dr Who you will know about the Daleks. The Daleks areviolent, merciless, and pitiless cyborg aliens, who demand total conformity to their will.
We are always reluctant about talking about Government-assisted loans because
Probably most people see the accountant as the person who tells you how much tax you must pay. “Here is your BAS, now pay it – here is your company or personal returns, now pay it”.
So often, the answer is I had to, or I didn’t have a choice. Typically, when asking a tradie why he started his own business, it was because when he finished his apprenticeship, he had to get an ABN to keep working. So many people have lost their job and had to go back as contractors.
The stress of COVID may have built up in you through stress Our mental health system is screwed.
So it looks like we can finally go to the Gold Coast or somewhere else for a holiday, as the border restrictions come down.
It may look like Factoring, but it’s not. And that the problem we sometimes have in explaining what the difference between invoice finance and what a factoring company does is the foremost hurdle to presenting to clients why we think Invoice finance is better.