Frank Wang’s career in drone technology started with a school project in which he impressed his robotics teacher with a helicopter flight control system. Today he’s the world’s first drone billionaire, with a net worth of over $3 billion. Wang’s business, DJI, is worth an estimated $10 billion, and reportedly controls over 70% of the global consumer market for unmanned aerial vehicles (UAVs).
The US government’s recent move to end the Federal Communication Commission’s (FCC) net neutrality protections has sparked a massive global debate on the issue and what it means for businesses. While nearly all of Europe does have net neutrality protections, Australia doesn’t, and hasn’t suffered any apparent extreme effects as a result. So why is it such a big issue?
For many SMEs, the holiday rush is a hectic, but also very rewarding time to be in business. This seasonal boost doesn’t reach into all industries, however. Some businesses need to tighten their belts and work to find ways to deal with an annual holiday slump as employees, suppliers, and clients disappear to take care of their own seasonal concerns.
Compared to previous generations, new business owners are spoilt for choice when it comes to financing options for their business. Despite this, the vast majority of new businesses still go under in their first year. Stranger yet, most do so due to financial issues.
Under the guidance of Reed Hastings, Netflix has redefined how the public consumes television shows and movies. By presenting customers with a new way to watch, he changed not only how we watch our favorite shows, but also impacted how the film industry builds narratives and releases its own products. In the process, he has established himself as one of the world’s most significant business owners, applying his own unique entrepreneurial style to build a net worth of over $2.3 billion USD.
The Fifo Capital franchise model represents a remarkable opportunity for our business partners and investors, as well as our clients. Since launching in 2005, we have funded nearly a billion dollars in business finance for our SME clients, and developed an authoritative reputation as finance experts. As we did, we’ve built a network of over 60 franchisee and investor partners who have both benefitted from, and been instrumental in facilitating, our success.
Many new business owners have a dysfunctional relationship with debt. Overly cautious entrepreneurs might try to avoid it altogether. This leaves them with anemic and ineffective budgets and unstable cash flow unless they can secure significant investor support. In other cases, an overconfident business owner might misuse borrowed funds or simply overcommit without a proper plan, leaving their organisation with an untenable debt load that ultimately leads to insolvency.
Much of running a business revolves around keeping costs under control. For startups, that means being strategic about how initial investments are made, and working to find ways to make future cash flow as predictable as possible. Some costs, however, seem unavoidable. Employees need to be hired and trained, they need space to work, and quality tools and equipment to do their jobs.
Businesses rely on invoice financing, stock loans, supply chain finance, and other short term financing tools to help them keep cash flows stable in unstable business environments. Having access to these solutions is often key to a small business’ survival, and that of the people and businesses who depend on it. That does not mean, however, that alternative finance is limited to a purely reactive, financially stabilising role.
Keeping cash flow steady is a tough job. Not only are there unforeseen interruptions such as late payments, or surprise expenses to contend with, but also seasonal fluctuations in demand that can be very difficult to manage. Managing these issues efficiently can often make the difference between mere survival, and the boost you need to grow and establish yourself as a leader in your industry.