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Finance is tricky for home business

Ripe Plums, Rising Rivers and White Coats

NINE IDEAS TO SAVE TIME, MONEY AND STRESS 

Grab your red pen and mark mid-September and mid-October as “watch this space” weeks. These red-letter days will shape the business environment before the federal election. They will tell you whether to focus your attention on your existing customers and working out ways to over-service (and if necessary slash your prices) to maintain your cash flow, or whether to dramatically enhance your export efforts.

By September 20 you will know whether the US economy is about to move from a marked slowdown towards a potential election year recession.

Consumer confidence remains high, but there are signs that households are being affected by the high oil prices, increasing levels of national debt and lower expectations of access to better paying jobs, higher education and adequate health and hospital services.
At the same time, Australian small business is being challenged to create a critical path for growth, take on more employees and convert recent tax cuts into a platform for growth. To stay ahead, business must identify what business it is really in, and its real customers.