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Bad Cash Flow Kills Businesses: Top Tips To Improve Your Business Cash Flow

Bad Cash Flow Kills Businesses: Top Tips To Improve Your Business Cash Flow

It is no exaggeration to say that poor cash flow kills businesses every day.  Businesses that go on to survive and thrive have a number of strategies in place to ensure that they are increasing sales and collecting payments on time. One of the best strategies is having a great standard contract in place that makes it easier to collect payments on time and imposes consequences on bad debtors.

Read on to learn more about contract terms that smart businesses use to protect their cash flow:

What To Do When Your Resident Is Too Ill To Stay In Your Retirement Village

What To Do When Your Resident Is Too Ill To Stay In Your Retirement Village

As a retirement village operator, you are required to provide a safe and suitable environment for your residents to live. Residents also enjoy security of tenure. Unfortunately, it is not unusual for residents to experience a deterioration in their mental or physical health while living in a retirement village. Sometimes, this can mean that the village is no longer a safe place for them to live in. Often, the resident and their family recognises the need to make other arrangements and you as operator can help them transition to a better environment. But what happens if they don’t want to leave despite the risk?

Read on for more information about the four steps an operator should take when there is reason to believe that the resident is too ill to live safely in your retirement village.

What is a Terms of Trade and Do I Need One?

What is a Terms of Trade and Do I Need One?

A ‘terms of trade’ is a legal document setting out the terms on which the business will provide goods or services.  Having a well written terms of trade is one of the most important investments you will ever make in your business. It can benefit your business in many ways, including by helping your business: get paid more money; get paid on time; reduce the risk of getting sued; and develop stronger and better relationships with customers.

Read on to find out more about what terms of trade are and why your business needs one.

5 Reasons Your Business Needs A Client Services Agreement

5 Reasons Your Business Needs A Client Services Agreement

A client services agreement is a contract between your business and your clients. Having a great client services agreement is one of the most important investments you can make in your business. A great client services agreement can help your business in many ways, including by helping your business get paid more money, get paid on time, reduce risk and keep better clients for longer. Read on to find out more about what client services agreements are and why your business needs one.

The Oyster Podcast: Why Your Business Needs Contracts

The Oyster Podcast:  Why Your Business Needs Contracts

Let's bypass the legal lingo and get right to the point. What do contracts actually do in the everyday running of a business? What happens in typical business situations when a contract isn't in place? Are they really worth the money? Find out all of this and more by tuning in to Jessica Kinny’s guest appearance on The Oyster.

"We trust each other... why do we need a Shareholder Agreement?"

"We trust each other... why do we need a Shareholder Agreement?"

Shareholder Agreements are essential when setting up a company with someone else. If that “someone else” is a friend, family member or someone you trust… in some ways, it can be even more important to have a Shareholder Agreement. Click here to find out why a Shareholder Agreement is the best investment you can make in your business venture.

Is Your Contractor Actually An Employee?

Is Your Contractor Actually An Employee?

Contracting (and freelancing) have recently emerged as a growing alternative to the traditional employment relationship. It makes perfect sense to hire a contractor to get a particular job done, and there are plenty of reasons why a business may do so. However, there are risks in engaging a contractor - especially if that 'contractor' is in fact your employee at law. Click here to find out if your contractors are really employees and what it means for your business.

Preparing your business for the year ahead

Preparing your business for the year ahead

For many, the first month of the New Year is a time to reflect.  “What successes and challenges did the company encounter in 2016?”  “What can we do to protect and grow the business in 2017?”   

It is important that business owners know the right questions to ask, and seek answers from appropriately qualified experts.  Find out how we can help.