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Empowering SMEs

Having Trouble With Your Business’ Finances?

Empowering SMEs (Issue 050)

Crowd Sourced Funding Equity Raising might be able to help your business. For the last twelve months private companies have been able to utilise the Crowd Sourced Funding Equity Raising sections within the Corporations Act to raise up to $5 million every twelve months from the public. By 31 October 2019, 55 companies had taken advantage of the amendments to the Corporations Act to raise $39.9...

First Year Celebration – Crowd Sourced Funding One Year Old!

Empowering SMEs (Issue 049)

This is something to celebrate because the biggest change in financing arrangements for small businesses and medium-sized enterprises – private companies turned one on 19 October 2019. Crowd Sourced Funding Equity Raising could be of significant benefit for your company, if you meet the basic eligibility requirements: group turnover under $25 million annually group asset value under $25...

Sound Talent Recruitment Helps Add Value!

Empowering SMEs (Issue 048)

“Attracting and keeping the right people is a key component of the life-cycle for most businesses” (Verne Harnish – Scaling Up) The other three essential components are: Creating a truly differentiated strategy (empowering SMEs047) Driving flawless execution (coming soon) Having plenty of cash to weather the storms (coming soon) Your accountant could assist you in identifying the...

Does Your Strategy Create Value?

Empowering SMEs (Issue 047)

Does your business have a strategy that differentiates your business from your competitors? A “ Differential Strategy” is one of the key factors in creating a successful life cycle of a business. Have you talked to your accountant about assisting you to develop an update of your strategy and to make sure that your strategy has important differences incorporated which will differentiate...

Management Accounts Give You More Information - Why Not Ask For Them

Empowering SMEs (Issue 046)

Have you ever had a critical look at the financial accounting information that your accountant is providing to you or that your accounting system is delivering to you? Do your Financial Accounts give you the information that you need to be able to effectively manage your business and add value to your business? If not, why not ask your accountant to provide you with “Management Accounts”...

Do You Feel Like Saying... “Help Me Run A Better Business”

Empowering SMEs (Issue 045)

Recently a business operator wrote an article in “Accountant’s Daily” that pleaded with his accountant to provide a broader range of professional services not just taxation services. The small business person wrote “the truth is that while I’ve been patiently waiting for you to escape the compliance cubicle, I cannot hang around much longer.” “Over the years, I’ve sat through...

OVER 30,000 PEOPLE HAVE ENDORSED CROWD SOURCED FUNDING EQUITY RAISING BY INVESTING

Empowering SMEs (Issue 044)

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS Small Business / ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 each in the 44 companies that have raised $37,586,246. (Click here to view the Scorecard) This uptake indicates that after a slow start Crowd Sourced Funding Equity Raising is starting to raise much needed...
What is in it for a company? Ability to raise up to $5 million in a 12 month period direct from the public This is not a loan therefore: No loan application required No security required No personal guarantees required No monthly repayments of principal and interest required The company issues ordinary shares to the investors What do you want to achieve for your...
Accountants can assist companies to prepare the documentation that they will require: Business Plan Budgets/Cash Flow Forecast Customer analysis Identification of unique competitive advantage Business valuation to determine the number of shares to be offered and pricing Company directors and managers will benefit from advice on how Crowd Sourced Funding Equity Raising operates...

Crowd Sourced Funding Equity Raising – Scorecard

Empowering SMEs (Issue 041)

Based on information contained within the Crowd Sourced Funding Intermediaries’ websites we have prepared the following scorecard as at 19 June 2019: Link to Crowd Sourced Funding Equity Raising Intermediary’s Scorecard Sample of business activities of companies which have raised capital include: 100% digital bank All-female rideshare company Craft beer manufacturers Craft...

Crowd Sourced Funding Equity Raising - “HOUSE IN ORDER” Required

Empowering SMEs (Issue 040)

Companies need to have their “House in Order” - Andrew Geddes Chair of Greencross Ltd for 11 years (former ASX top 200 company) and a consultant to the Australian Accounting Industry for the last 30 years. “To raise capital SMEs have to go through all the disciplines of getting their “house in order” before investors will even consider supporting them, and in many ways that is a...

Is Crowd Sourced Funding Equity Raising the Same as Crowdfunding

Empowering SMEs (Issue 039)

Crowd Sourced Funding Equity Raising is not the same as “Crowdfunding”. Crowd Sourced Funding Equity Raising is governed by the Australian Government’s “Corporations Act” which specifies strict legal requirements for the company to abide by. The company has to appoint an Intermediary from the businesses which have been appointed Crowd Sourced Funding Intermediaries by ASIC....
When the then Australian Prime Minister, Malcolm Turnbull announced the Coalition Government’s Innovation Policy in December 2015 he indicated that two new types of corporate entities would be established. These entities were: Early Stage Innovation Company which required amendments to be made to the Income Tax Act Crowd Sourced Funding Equity Raising which required amendments to be made...

Crowd Sourced Funding Equity Raising - Who Might Be Interested?

Empowering SMEs (Issue 037)

Crowd Sourced Funding Equity Raising represents the biggest improvement in business financing for small businesses and medium sized enterprises in the last 35 years! Australia is playing catch up – Crowd Sourced Funding Equity Raising is already proven in overseas countries United Kingdom United States of America Canada New Zealand have had Crowd Sourced Funding Equity...

Crowed Sourced Funding Equity Raising - In The Beginning

Empowering SMEs (Issue 036)

In the Beginning………. The original amendments to the Corporations Act required a Crowd Sourced Funding Equity Raising Company to be an unlisted public company. The legislation was changed from 19 October 2018 to enable “propriety limited companies” as well as “unlisted public companies” that meet the eligibility requirements to be able to raise capital direct from the...

Potential of All Female Companies Under Estimated

Issue 035

Former public company director, Andrew Geddes, is hopeful the recent $3-million capital-raise by the women’s ride-sharing company, Shebah, will encourage more female-owned companies to begin using Crowd Sourced Funding Equity Raising for their growth capital. Mr Geddes, the former Chair of Greencross Limited, believes Crowd Sourced Funding is likely to become the preferred way for the small...

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