Capital raising for small companies.
If your private company needs additional funding and the group turnover is under $25M your company may be able to utilise Crowd Source Funding Equity Raising amendments to raise up to $5M in a 12 month period from the public. You can raise this capital without having to mortgage assets or issue personal guarantees.  The company has to allocate Ordinary shares to the investors. To go...
Business plans are like maps for tourists – you need a plan for where you’re intending to go, what you want to look at, where you are going to stay and, if you deviate off track, you need to be able to identify where you’re at and then navigate to get back onto your original path. Planning a business activity is very similar.  The Business Plan should incorporate commentary from...
Innovation is the creation, development and implementation of a new product, process, service, marketing or management methodology with the aim of improving efficiency, effectiveness or competitive advantage. Businesses confront “innovation” virtually every day.  A slight change in a process, a different way of greeting customers, developing a new methodology for a process are all...
  “Scaling up” is a process that follows after the directors/owner has developed the vision for the business. The business needs to assemble a “leadership team” that is committed to ongoing training and professional development. Businesses need enthusiastic “team members” who are well trained and are committed to the culture of ongoing skills development. The leadership...
With the end of JobKeeper there is certainly a lot of issues confronting business operators.  Some of the issues that we believe small and medium-sized enterprises could look at over the next 3 months include: *  Research and Development Registration for 2019/20 has to be lodged with AusIndustry by 30 April 2021.  *  The 50% Australian Government Guaranteed Loans for...
In the daily rush of business it is very difficult for the leadership team to have some quiet time to think about the future of the business and to plan for that future. The preparation of a Business Plan is a “high priority” item which should be conducted as a “quality time project” – no interruptions with the leadership team members offering input on a range of matters relating to...
NAB, Australia’s largest bank, is “seeing clear and widespread signs” of business getting back on track according to an article in the “Financial Review.” What does this mean to SME owners as they consider the opportunities but also risks?  Many businesses have suffered significant drops in income over the last 14 months and this has depleted cash available for gearing up to a...
Various economic commentators are referring to an upsurge in business activities and are forecasting significantly higher sales being achieved by businesses.  A significant opportunity for businesses, as long as they incorporate as a company, is to attempt to raise capital direct from the pubic as a: -  Crowd Sourced Funding Equity Raising Company – which can raise up to $5...
Virtual CFO services are provided by accountants who have wide commercial experience in a range of business activities to assist growing SMEs. A key aspect of the role is to be able to “dig down” into the business records other than just to extract key financial data. Virtual CFOs perform this function for smaller or growing businesses who haven’t yet reached the scale to justify the...
If you’re a company director you might be looking at the funding opportunities that are available to your company at present. For over 35 years Australian small businesses have been able to raise up to $2 million, in a 12 month period, from no more than 20 investors without having to issue a Prospectus.  This capital raising opportunity is available by utilising Section 708 of the...
There is a special company status known as “Early Stage Innovation Company” to assist “young companies” to raise capital direct from the public. This government initiative is expected to be celebrated many times in the next 12 months as companies, which have been undertaking research activities, seek to raise capital to facilitate the commercialisation of their invention. The “Early...
With the end of JobKeeper there is certainly a lot of issues confronting business operators.  Some of the issues that we believe small and medium-sized enterprises could look at over the next 3 months include: *  Research and Development Registration for 2019/20 has to be lodged with AusIndustry by 30 April 2021.  *  The 50% Australian Government Guaranteed Loans for...
Prepared by Peter Towers, Managing Director Towers Business Development Pty Ltd and ESS BIZTOOLS. Organising appropriate finance for their businesses is an ongoing concern to directors and managers of small and medium-sized companies.  The recent amendments to the Corporations Act, which enables companies with turnovers under $25 million per annum to raise capital direct from the public,...
A couple of weeks ago Prime Minister Scott Morrison said: “Whatever you thought 2020 was going to be about, think again!”. Mr Morrison’s prediction that 2020 was going to be different to what most people including business operators had in mind for 2020 has certainly been proven with all of the changes that are taking place. The Australian state and territory governments have announced...
  A Chamber of Commerce Member, Towers Business Development Pty Ltd, has completed a very interesting assignment relative to the preparation of a Business Plan, Budgets, Cashflow Forecasts, Projected Balance Sheets and Mentoring on the operations of Section 708 of the Corporations Act Capital Raising and Crowd Sourced Funding Equity Raising for a new North Queensland company known as...

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Capital Raising for Small Companies

Capital Raising for Small Companies

Capital raising for small companies.
Crowd Sourced Funding Might Be The Answer

Crowd Sourced Funding Might Be The Answer

If your private company needs additional funding and the group turnover is under $25M your...
Business Planning Process Helps

Business Planning Process Helps

Business plans are like maps for tourists – you need a plan for where you’re intending to go,...
Innovation Helps Businesses Expand

Innovation Helps Businesses Expand

Innovation is the creation, development and implementation of a new product, process, service,...
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