66 per cent of small businesses are concerned Australia will experience a recession and 62 per cent believe the severity will be the worst in 20 years. 61 per cent of small business owners say COVID-19 has negatively impacted their business Two-thirds of SMEs are planning to consolidate or cut costs in the coming year.… Read more »
The Morrison government’s coronavirus economic stimulus package is an important step to supporting the economy, but there are bigger concerns that are not addressed according to Roger Mendelson, CEO of Prushka. With SME owners facing the decision to shut their doors for upwards of two weeks, Mendelson says small business owners in particular, will need… Read more »
In good news for business sentiment, Prushka Fast Debt Recovery reports the number of businesses winding up is on the decline. Applications to wind up decreased by 8 per cent in the July to September quarter with only 940 businesses issuing notices to wind up during the three month period. Victoria remains the state with… Read more »
Managing risk in your business can be complex. Do you gamble your cash flow for a potential increase in sales? Or do you play it safe and potentially miss out on additional revenue? asks Roger Mendelson, CEO of Prushka fast Debt Recovery. Although an occasional risk, by offering credit to your customers, it can encourage… Read more »
Small and medium businesses across Australia continue to show signs of strong business health, a now two-year trend, with SMEs predicting growth over the next 12 months, according to a new report from Prushka Fast Debt Recovery. Prushka’s Canary in the Coal Mine survey of 768 SME businesses from across Australia found more than 67… Read more »
Small businesses are being urged to start preparing for the annual Christmas slowdown now.