Must-read advice for fast-growing Australian businesses
You can easily find yourself lacking working capital, which is one of the biggest contributing factors to the failure of one in six SMEs. Here’s how to prepare your business for the opportunities and challenges associated with rapid growth. Take more care with credit policies For any new orders, make certain your customer completes a […]
Top 5 Cash Flow Hurdles facing Australian SMEs
Even Australia’s most successful companies have their share of cash flow troubles, especially during growth phases. Profits and cash flow are not the same thing. You can have a profitable business on paper and not have a dollar in the bank. In some seasonal industries it’s almost the norm. But a smooth and reliable level […]
Australia’s slowest paying industries revealed
These are the industries making Australian businesses wait the longest for invoice payments. Labour hire Manufacturing Mining services Commercial property services Construction Below we investigate why the big players in each sector prefer longer terms and what you can do to stop 60-day invoices from hurting your cash flow. Mining Services Last year’s Dun & […]
How OptiPay can help start-up businesses prosper
If you manage the relationship correctly, you could gain a well-known brand as a partner. More importantly, these partners have the potential of becoming great repeat customers. However, winning a contract from a large business can often turn out to be a major cash flow challenge. Why? Because payment terms always seem to be in […]