Consistent cash flow is essential for the long-term health of your business. Plus, no one enjoys chasing overdue accounts. Strategic investment in the right areas will help your business get paid on time and avoid write-offs. Here are our top tips to help you get immediate results.
This guide is designed to help aged care providers understand debt risks and best practice strategies to reduce debt and improve cash flow.
The Australian Parliament passed the Aged Care Bill earlier this week, which gives the aged care industry some much-needed certainty that the new Aged Care Act will take effect on 1 July 2025. However, some key issues remain unresolved.
Aged care and other health businesses are experiencing a wave of reforms leaving many carefully considering their futures – including whether to sell. But how do you get the best sale price with the lowest stress and risk exposure? Here are our top tips.
Health practitioners and health services work hard to improve the health and wellbeing of their patients. However, there are many situations that could result in you or your practice being the subject of a complaint to the NSW Health Care Complaints Commission (the Commission) and it is important that you respond promptly and appropriately to any complaints notification.
This article explains how the investigation process works and what you should do during this process.
It is disappointing to spend so much time and money preparing a development application only to have it refused. It is important to know you have options – which option is best for you will predominantly depend on what your application was for and the reasons the Council has given for the refusal, which it should inform you of in writing.
Complaints are unpleasant, but can happen. If your organisation receives a complaint it must manage that complaint in a way that meets the complex and comprehensive statutory requirements of the NDIS legislation. There are also additional steps that ought to be taken from risk management, continuous improvement, and reputation perspective. So, what should you do when a complaint is made about your service? This article discusses the key steps.
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:
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.
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.
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.
