The Big Road Forward
Two-speed economy
Your Business Angels understand that there are different needs for different clients.
Many of our clients are still pushing ahead with their business. The Stage IV lockdown seems to have stopped short at the construction doorway, and many of our clients are still working as much or nearly as much as they were before. As of midnight, the government has increased the list of specialised contractors that can work on a building site, and movement from one location to another appears to be far more accessible. If a COVID plan is in place, and registration of everybody who comes on-site is well documented, then many of our client’s businesses appear to be uninterrupted.
For others, it is a different story. Some have hybrid incomes; for example, our client who works in the equestrian field still has an income from agistment but does not have any current income from lessons and training. Others such as pubs, clubs and cafés in Victoria are closed or have minimal opportunity to have an income. We have retail clients whose doors are closed with no income.
Taking all of this on board, we need to work on programs and provide support that varies from client to client. We recognise that real difficulty starts once the direct stimulus package ends and businesses will be left to trade on what they have in the way of markets and restrictions to survive and then work out how to thrive.
Your Business Angels recently developed a system of client coordinators who work directly with the clients, and this has meant that we can find individual solutions or give the best support for each of our clients that is possible.
Your Business Angels have a reputation for being specialists and getting businesses through hard times. Still, we also are great accountants, bright thinkers, and I would say excellent business consultants because we look for cagey and clever ways to solve our client’s problems.
We are hopeful we can start releasing products to you that support all businesses as early as this week.
Getting Cash into Your Business
While there is a lot of cash in the economy with the stimulus package businesses will be requiring new capital and new money to trade forward, especially when we see that we are clear of a majority of the restrictions that affect companies all over Australia.
Many businesses will struggle to borrow money because of the nature of what they do. Many companies will need to reinvent themselves and find new opportunities. For example, the tourist industry would have suffered dramatically during this period. However, the $40 billion that is usually spent by Australians travelling overseas will for the coming period remain in Australia and selling to a new market of Australians could solve a lot of those industries problems.
We have been talking to an invoice lender, and he has been telling us that he has a complete war chest ready to lend. This is possibly the most straightforward way for a business giving credit to get finance, by renting money against your invoices to stay cashed up or to have enough money to pay your bills while you wait for your client to pay you.
For those who are considering getting more cash into their business because there are now opportunities, or because they want to get their aussie online casinos business fired up again, please contact your client coordinator. We can take you through invoice discounting. It’s a product used casually and as required rather than rely wholeheartedly on it.
We can arrange for funding of invoices raised by you for completed and delivered goods and services, or for progress claims on larger jobs where milestones have been achieved; and your customer confirms this.
There are no lock-in contracts, legal fees, or monthly minimum fees. You are free to use our service once, or as often as you like. Indeed, use it as you need it.
While there is a lot of cash in the economy with the stimulus package businesses will be requiring new capital and new money to trade forward, especially when we see that we are clear of a majority of the restrictions that affect companies all over Australia.
Many businesses will struggle to borrow money because of the nature of what they do. Many companies will need to reinvent themselves and find new opportunities. For example, the tourist industry would have suffered dramatically during this period. However, the $40 billion that is usually spent by Australians travelling overseas will for the coming period remain in Australia and selling to a new market of Australians could solve a lot of those industries problems.
We have been talking to an invoice lender, and he has been telling us that he has a complete war chest ready to lend. This is possibly the most straightforward way for a business giving credit to get finance, by renting money against your invoices to stay cashed up or to have enough money to pay your bills while you wait for your client to pay you.
For those who are considering getting more cash into their business because there are now opportunities, or because they want to get their business fired up again, please contact your client coordinator. We can take you through invoice discounting. It’s a product used casually and as required rather than rely wholeheartedly on it.
We can arrange for funding of invoices raised by you for completed and delivered goods and services, or for progress claims on larger jobs where milestones have been achieved; and your customer confirms this.
There are no lock-in contracts, legal fees, or monthly minimum fees. You are free to use our service once, or as often as you like. Indeed, use it as you need it.
How does it work:
Serviced by related company Fresh Number Pty Ltd
