Finance and Accounting Q&A

Jef Lippiatt added an answer to this question
Jef Lippiatt

Jef Lippiatt, Owner at Startup Chucktown

As @Hitesh Mohanlal has mentioned, the key is volume, and that means building up and maintaining a decent (and/or growing market share). However, I have seen several low-margin businesses use 2 keys to differentiate enough to create a loyal and passionate customer base.

The best example I ...  Continue Reading
Hatty Bell

, Community Manager at

Great insight! Publix sounds like a much better version of Costco

Steve Wilson added an answer to this question
Steve Wilson

Steve Wilson at

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The Federal Govt will be introducing a Coronavirus Supplement of $550 per fortnight to individuals who are receiving certain eligible income support payments AND for the next 6 months will expand access to certain individuals as well. This expanded access will include Sole Traders, self employed and ...  Continue Reading
Shane Van De Vorstenbosch added an answer to this question
Shane Van De Vorstenbosch

Shane Van De Vorstenbosch, Director at

When you consider that a huge percentage of new businesses fail within the first couple of years, with many failing in their first year, it is not surprising that the owners don't have a good income.

On top of that, most startups rely on external money being injected into the business. This ...  Continue Reading
Brian Dorricott added an answer to this question
Finance and Accounting


Brian Dorricott

Brian Dorricott, Business Specialist at

Top 10%

It all depends what stage your business is and how well you know your customers. Without knowing this it is hard to give you a good answer. Feel free to contact me directly and I'll see how I can help.

Steven Freeman added an answer to this question
Steven Freeman

Steven Freeman at

Top 10%
They are many similar digital currencies, however bitcoin seems to be the most well known of them all.
It is a more an underground digital currency. With that said its transactions underpin a growing economy which can't be ignored either.
As mentioned, most everyday businesses do not understand bitcoin, ...  Continue Reading
Steve Osborne added an answer to this question
Top voted answer
Steve Osborne

Steve Osborne, director at Stephen Roger Osborne

Top 10%

Enough to enable you to carry out the formative aspects of your business plan, plus a 3 month contingency.

Rebecca Carroll-Bell added an answer to this question
Finance and Accounting