Many of Australia’s small businesses appear to be doing it tough, with a newly published report finding that just 50.7% of SMBs had positive cash flow as of June this year, with many operating in the red due to late payments.
Australian small businesses are owed an estimated $26 billion in unpaid debts by big businesses, according to a new report which says the levels of debt threaten the solvency of SMBs and their ability to pay staff, suppliers and themselves.
Late customer payments are weighing heavily on many of Australia’s small business operators with the effects of the problem impacting their personal finances and the ability to cover expenses such as rent and power.
Another credit card to rip off customers. Good one Coles!
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