Press

Inflation, rising interest rates and geopolitical uncertainty remain key threats to businesses as recent global events indicate that decades of relaxed monetary policy and poor risk management have left some companies over-exposed and over-leveraged.

As a Franchisor you implement many systems and processes that to help your franchisees run their businesses smoothly.

While measures such as JobKeeper and the RBA’s Term Funding Facility (TFF) boosted cash flow and provided a safety net, it didn’t mean that every business needed to borrow at the time.

According to Bloomberg’s December 2022 survey of economists, the likelihood of a recession in 2023 stands at 70 per cent.

According to KPMG’s recent CEO survey, 86 per cent of executives think there will be a recession in the next year. Despite this belief, over half (60 per cent) think it will be mild and short, and 76 per cent have a plan to deal with the impacts.

Many companies benefited from a decade of low-interest rates and the fiscal policy measures put in place to minimise the impacts of COVID-19. However, these measures eventually had to taper.

Understanding your working capital requirements, forecasting your cash flow, and taking proactive steps to boost your cash flow and minimise your expenses, will strengthen your business’s finances, even in an economic downturn.

Payments technology provider Spenda has announced that it will roll out its software and payments platform across the franchise network of flooring retailer Carpet Court.

Today, Australia’s largest retail floor covering specialist, Carpet Court and Australian Fintech, Spenda announce a partnership which will see the roll out of Spenda’s bespoke software and payments platform across the Carpet Court member network.

Banks remain the biggest business lenders, issuing over 90 per cent of Small to Medium Enterprise (‘SME’) loans in the past year, however recent banking decisions have forced businesses to look for funding options away from traditional bank lenders.