"Pretium Solutions Pty Ltd" BiziNet™ Articles

Business owners and start-ups: technology is the 'great enabler', it's true. But make sure you enable it to increase profit, not lower your prices!

Technology is wonderful for business, make no mistake. It helps you deliver a more efficient, consistent and effective outcome.

There's a growing momentum around opportunity. People are starting to think more about how they can improve the ways that they run their business or look for new business opportunities to grow their profits, to grow their income. I'm currently receiving an increased number of inquiries from people wanting to start or buy new businesses. Or simply change the way they are operating to be more profitable.

Your business revenue has stagnated, or worse it has reduced. Now what do you do? How do you increase revenue and make sure you are also doing this profitably? This is a common situation facing business owners right now. In fact, it's a key issue business owners everywhere constantly need to address. Right now, for many businesses it has become critical.

The Current Business and economic environment is tough. Business owners everywhere are struggling and relying on Government stimulus to help them to persevere throughout the crisis. Keeping the door open and employees employed is a priority of the Government and there are many businesses who have weathered the current crisis on the back of Government Stimulus. Why would anyone want to run a business or perhaps more surpassing, why would anyone want to start a business?

Now more than ever it is critical for your business to address the causes of its cash flow issues. There is a danger that unsustainable businesses are being propped up by the current availability of government stimulus, Reliance on stimulus payments is a short-term solution. A band-aid fix, ignoring the treatment of the real problem.