Subjects: Business enterprise, General
What procurement officers think about paying SMEs
Peter Chipman, a 27-year veteran of the energy industry, shares insights with RIABU's Simon Littlewood and Mark Laudi into what MNCs really think of their SME suppliers, and how you can build relationships at eye level with them.
How to get out of contracts you can no longer afford
The Singapore government is making it easier for companies to extricate themselves from certain contracts in order to survive in these COVID times. But how do you even go about talking to suppliers about unwinding contracts? What should you do if a supplier asks you for the same leeway?
“Trust gets paid”: building customer relationships in the oil & gas industry
On this Riabu podcast we talk to Peter Hone of ModuResources about how he cut his DSO to just 75 days
How do you talk to your customers if your company is winding down?
The Singapore government has passed a law which will make it easier for zombie companies to wind down. RIABU’s Simon Littlewood tells Mark Laudi how companies that are ready to wind up can prepare to do so, and how they should approach their customers when they are in such a situation.
Subsidy for Singaporean SMEs: Trade Credit Insurance backs you when customers don’t pay
If you are a Singaporean business getting back on your feet post COVID, you might welcome new orders with excitement, but can you be sure your customers have the resources to pay? That’s where trade credit insurance comes in. It guarantees you still get paid something, even if your customer doesn’t, or goes bust altogether. Plus, there is a government subsidy for half the premium.
Get paid or go under: Lessons from a successful specialty chemicals firm
Founder of chemicals company Amazon Papyrus Chemicals Mike Grundy tells RIABU's Simon Littlewood and Mark Laudi what familiar early mistakes he made, and how he turned sales into cash.
How large companies get their invoices paid: Insights from the CEO
On the RIABU podcast we aim to help SMEs get their invoices paid on time.But how do the big boys do it?Bill Padfield is a former CEO of Datacraft - a previously Singapore-listed company taken over by
Could Fringe Benefits Tax cut boost SMEs' post-Corona business?
Australia's Small Business and Family Enterprise Ombudsman Kate Carnell is proposing to abolish Fringe Benefits Tax for two years, to help Small and Medium Enterprises in two ways:First, it would remo
Why are Australian SMEs reluctant to take up Covid SME Guarantee Scheme?
Australian Small Businesses are reluctant to take up loans offered by commercial banks and guaranteed by the state.The Federal Government announced the Covid SME Guarantee Scheme March 22, and earmark
How to put your business in hibernation mode, ready for a post-Covid restart
Tens of thousands of companies in the US are quietly going out of business.According to Yelp, and reported by Bloomberg, 80,000 companies just canceled their leases, turned off the lights, and walked
What can SMEs learn from China's debt shake-out
Debt worth more than RMB 3.65 trillion owed by companies in China is due to be repaid to investors by the end of the year.The Chinese government is encouraging lenders to refinance, accept payment del
Is your SME a zombie company that is just surviving on payouts?
A report by Euler Hermes refers to the government supporting businesses with cash as creating an insolvency time bomb, as this creates businesses that are just relying on government payouts during thi
What will happen to your SME if there is a second wave?
In many parts of the world a second wave of COVID-19 looks increasingly likely.With countries such as the United States, Spain, the Philippines, Hong Kong and others bracing for another wave of infect
To those people who think SMEs deserve to be paid late
Some people seriously believe suppliers absolutely deserve to be paid late, to adapt to the customer's cash cycle, as this recent post on LinkedIn bears out.RIABU's Simon Littlewood and Mark Laudi alm
Second Covid wave: How can SMEs prepare?
There are signs all over the world that there will be a second wave of Covid infections. Many countries and cities are reporting record infections.If your SME has already been hit once by the economic
How to finance your exports post-Covid
Exporting your products to customers in other countries might be one way to trade your way out of trouble, especially if local markets are still stagnating.
What will happen to SMEs when the Covid financial relief ends?
SMEs in many parts of the world have benefitted from government measures to help them survive - and in Malaysia that means SMEs have enjoyed a moratorium on loan until October.
How freelancers can get paid on time
Even famous novelists sometimes don't get paid on time! Just ask Balli Jaswal.
What to do if a customer is going broke
We have received an email from a member of the RIABU community, expressing grave concern their invoices to one of their customers will never be paid.
How can you stave off bankruptcy post Covid-19?
Research by Dun & Bradstreet has found a big surge in the number of bankruptcies reported in Singapore in Q1 2020. Even before the big economic slump, brought about by Covid-19, there was a 70% surge in the number of companies declaring bankruptcy.