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!
Partner Success Story: BDO Australia
What are the finance options for SMBs?
The type of cash-flow solution you choose matters. Choosing the wrong type could severely disrupt your business so it's essential you get it right.