A study has revealed 1.2 million Aussie businesses were already making sacrifices to stay afloat prior to the shutdowns instigated by the Australian government in an effort to stem the spread of coronavirus. The research by money.com.au found 73 per cent of small business owners had forgone or delayed paying themselves due to cash flow… Read more »
Insufficient cash flow is crippling Australia’s small businesses with close to half of business owners reporting they have been at risk of not meeting payroll obligations in the past twelve months.
New research by Australasian accounting and business advisory service, MGI, has discovered half of Australia’s small business owners do not have an accurate picture of their finances. The stats revealed many SMB owners started their business to maximise their wealth. Yet the real picture reveals a mismatch between the desire to create wealth and the… Read more »