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Small business finance: Five tips for managing cash flow effectively

Inside Retail

We get that running a business is a constant juggle, and managing cash flow can be tricky. With a stream of steady cash flow at the top of mind for many, weve put together five handy tips to help ensure your money keeps flowing while your business keeps growing. So, what is the key difference between cash flow and profit?

Flow 130
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Why it’s a good idea to offer payment plans to your business customers

Inside Retail

This article outlines why tapping into automated accounts receivable solutions along with offering more convenient payment plans to your business customers is a good idea and smart business practice. Why should your business provide payment plans to business customers? Happy customers are loyal customers.

Planning 264
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NSW announces five-year plan to phase out plastics

Inside Retail

New South Wales has become the latest state to commit to ditching single-use plastics, announcing a $356 million five-year plan which could see lightweight plastic bags, disposable cutlery, cotton buds and more cut out by next year. According to the WWF, 130,000 tonnes of plastic flows into Australia’s environment each year.

Planning 278
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Behind the demise of Harrolds: A cautionary tale or singular case?

Inside Retail

Tough times “We’ve poured everything into it, given it every opportunity and it got to the point where it just couldn’t work,” Ross Poulakis, Harrolds Group’s managing director, told Inside Retail. The luxury retailers that are thriving have managed to find that sweet spot between their digital and physical offerings,” Gray said.

Shopping 263
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Suppliers: How to get your retail business customers to pay you quicker

Inside Retail

In this article, we outline how your business can strengthen its cash flow and grow by providing more payment options to retail business customers. While trade credit may be convenient for your customers as they don’t need to pay anything upfront, it can cripple your business’s cash flow when payments are late. . Boost cash flow.

Flow 355
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Mastering cash flow this festive season

Inside Retail

While everyone else is wrapping presents and enjoying a festive drink or two, business owners are managing stock, juggling bookings, and budgeting for extra holiday wage costs. Walking the tightrope between higher demand, increased costs, and ongoing economic challenges means managing cash flow effectively has never been more important.

Flow 130
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How AI is set to revolutionise inventory management

Inside Retail

Great product diversity, changing consumer demands, and the expansion of e-commerce have turned inventory management into a major pain point for retailers. Poor inventory management results in overstocking and under-stocking, impaired cash flow, and losses from theft and spoilage. Here are some reasons why: 1.