Poor cash flow management is a leading cause of businesses (both big and small) failing in Australia. It is not only new businesses that encounter cash flow problems, but also ones that have been operating for many years. There are a lot of reasons why a business runs into a cash flow problem. Here are some of the lesser known ones you should keep a lookout for – so [...]

Even the most successful of businesses can run into cash flow problems. This is why sometimes you need to take a step back and work out what you could be doing better. There is a lot of information on the internet about cash flow on the Commonwealth Bank website. The following are five common ‘traps’ that businesses can fall into that can lead them to running out of cash. [...]

Unless you are in retail, Christmas can be one of the most challenging times for small businesses in terms of their cash flow. To survive small businesses need to start planning now to make sure they do not have to wait until February before they get paid for work done in November. Here are some tips to survive the Christmas cash flow crunch:  1. Plan Make sure that you [...]

Is your business struggling with its cash flow even though sales are up? Maybe you need to get more organised. It is estimated that it takes the average customer 53 days to pay an invoice and nearly 60% of all invoices are getting paid late. It is unfortunate, but some customers will take advantage of a business that is disorganised and not pay you until they are chased for [...]