Why productivity matters and what you can do about it
Productivity is the backbone of strong economies and successful businesses. It determines how efficiently resources—such as labour, capital, and materials—are used to produce goods or services. In Australia, according to the Xero Small Business Insights 2023 report, wholesale trade had the highest productivity at $214.20/hour, while hospitality lagged at $40.20/hour. Despite an overall decline, 10 […]
What are the risks of taking out a personal guarantee on a loan?
To fund the growth of your business, you’ll almost certainly need to take out a business loan at some point. But many lenders will ask you to provide a personal guarantee against this business loan – and there’s a risk element to consider when taking out finance. So, what does offering a personal guarantee on […]
