The Ultimate Guide to SMB Cash-Flow Solutions
Cash-flow is king. The real goal for small and medium businesses is positive and predictable cash flow, nice healthy margins, and growth in revenue. That shouldn’t be difficult, right?
Yet cash-flow is the number one issue affecting small to medium businesses across Australia. More than 70% reported cash-flow difficulties in the first half of 2021. Worse, poor cash-flow is the reason behind 40% of business failures. There are personal impacts too - more than a third of Australian SMEs are dipping into their personal savings to deal with their business’s cash flow.
Your business could be facing a cash-flow crunch for a few different reasons:
Your customers are delaying payments for goods or services that you’ve already delivered.
You’ve won a new sales contract, and need cash for growth.
You need an extra injection of cash to get the business truly humming.
Learn more in our latest eBook!
Three things you should know about invoice payments and cash flow
Steady cash flow (aka paid invoices) is integral for the success and survival of a business, however, reliable and consistent cash flow has always been one of the greatest challenges.
The top 5 SMB cash flow mistakes and how to avoid them
Last year, 70 percent of SMBs reported having difficulties with cash flow and 40 percent failed altogether...