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If you’re considering purchasing an existing business, whether it’s buying into a business or buying the entire business, there are several business finance options that can assist you. But first, you need to know what to look for in a business to ensure it’s suited to you.   6 Questions to ask when buying a business Buying an existing business can be easier then starting a business from scratch. It takes away the pain and risk of getting the business off the ground. Once you have decided what type of business you’re interested in, you will need to do some...

The way we work, live and go about our everyday lives has changed quite a bit in recent times. Although Covid-19 continues to have a significant impact the economy, the Perth housing market has been somewhat resilient. Sometimes it pays off to be one of the most secluded states in the world! Australian property market outlook It’s no doubt that Covid-19 has had an immense effect on the Australian housing market. One of the most prominent impacts has been the reduction in new immigrants, with overseas immigration going from around 250,000 people a year to practically zero in just over...

Have you ever thought about setting up a small business in Australia but are yet to follow through? Now is the best time for you to become that entrepreneur you have always wanted to be. Business success results from a strong business model and a unique idea that has been purposefully built to solve problems. Let’s take General Motors, Airbnb and Uber as examples. All three businesses were created to solve a problem. What makes them even more interesting is they were founded during economic downturns. The current business climate is tough to navigate, so it’s essential that you surround...

Did you know that Millennials, those born between 1981 and 1996, is the largest generation yet? By 2025, most Millennials will be in the workforce and the next generation “Gen Z” would have entered. We are familiar with new generations entering the workforce but what do younger generations have to offer and why should businesses have a key focus on creating a multi-generational workplace? Can you imagine being born into a world where your parents could use Google to search for ‘most popular baby names’? Gen Z have lived and breathed in a digitalised world from the moment they were...

Funding growth, expansion or other working capital requirements is always something on the minds of business owners. If you are seeking a business loan facility, your business credit score will be used as an indicator of your ability to repay the loan. In this article we explain what a business credit score is, why you want this to be a good score, what influences it and tips to improve it.  What is a business credit score? Your business credit score is used by financial institutions (banks/lenders) as an indicator of your creditworthiness. It calculated using the information listed on your...

It’s no doubt that financial markets in Australia and across the world have been largely impacted by COVID-19, as it has become not just a health scare but an economic one at that. The Government has put many incentive measures in place and the RBA cash rate has remained at an all-time low. But businesses are still struggling which has proven difficult when trying to secure funding. There are various finance solutions available for businesses and the role of commercial finance brokers has become more important now than ever before, as we support these businesses and create market clarity. What questions...

Businesses have been faced with many challenges over the past few months and there is bound to be more as we continue to navigate through changes within our businesses and the wider market. In this article we will explore the role of a commercial broker and how they can assist businesses through what are currently unchartered waters. As businesses are figuring out how to best navigate the impact of COVID-19, estimating their funding needs and taking advantage of government stimulus packages, a commercial broker’s role is to create market clarity and support for these businesses in a number of ways....