Business owners only have 24 hours in a day, which sometimes isn’t enough. Even more so for small business owners who juggle many tasks daily to run their operations. There is thus not enough time to be updated with all the news and current legislation that could improve a small business’s general processes and debt collection processes.
The good news is there is help. Aside from delegating tasks or outsourcing non-essential administrative tasks, there are also online resources that help you run your business effectively and efficiently.
Here we rounded up 5 websites that busy business owners should bookmark:
- Australian Government’s Business Page
- ASIC’s MoneySmart
- Small Business and Family Enterprise Ombudsman
Australian Government – Business Page
The Australian Government’s Business page is a goldmine of useful information for entrepreneurs. It is no wonder the government’s Business Page is one of the websites business owners must check daily. Right off the bat, it provides you with a list of important matters that you must attend to “keep your business running smoothly.” It also contains details on looking after corporate finances and fulfilling commercial tax obligations. Furthermore, the site provides tips on properly managing employees and spotting opportunities for corporate growth. The Government’s business page is also a good source of practical information to help you with your debt collection issues.
The Australian Securities and Investment Commission’s MoneySmart aims to provide valuable financial guidance and information to all Australians. You can get all kinds of money advice for just about any situation you can find yourself in, from applying for a loan or non-traditional financing, such as invoice finance, to choosing the right accountant. The site also provides a couple of apps and calculators that you can use for both business and personal finances. Getting your debt under control one of the most useful article on their website.
Small Business and Family Enterprise Ombudsman
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is a one of the new websites business owners must check. The agency recognizes the contribution of small businesses and family enterprises to the Australian economy. Thus its website focus on these two important business structures. The website is regularly updated with new policies and regulations. Their debt collection process case studies are good reads for small business owners to know that there are solutions to recovering bad debts.
Dynamic Business is among the top online resources for small businesses in Australia. They offer up-to-date information and tips on how to start, manage, and grow a successful company. They also provide the latest news on entrepreneurship, start-ups, small business, and tech, among others.
SmartCompany is another online resource that we highly recommend for small business owners to bookmark. Aside from being updated with current government regulation, we also enjoy reading SmartCompany’s feature of small businesses all over Australia.
Keep yourself regularly updated
Small Business Owners have never-ending daily tasks. This is the joy of running your own business. They also need to keep up to date with all current legislation and policies that can affect how you run your business.
Nowadays, especially with the rollout of government policies addressing the impacts of COVID-19 or the new media code that had Facebook banning all Australian news for a time, business owners must check the news daily. Not knowing what’s happening could result in delayed payment of unpaid debts. It could also lead to a reduction of cash flow if you fail to recover the money owed to you because government rules temporarily halted collecting a debt.
As Slater Byrne are in the debt recovery business, we also keep ourselves updated with policy changes and share these with our clients through our website, our quarterly newsletter, and our social media sites, such as Facebook, LinkedIn, and Twitter. We also encourage our clients to call us for an obligation-free chat about any issues we can assist with, even if just to chat.
Liam White joined the Slater Byrne Recoveries team in early 2013. He has worked across the credit & dispute resolution industry for a number of years. He is currently working in a Marketing/Head of Sales capacity at Slater Byrne Recoveries.