Video Transcript
The main issue faced by businesses in their start up phase, which is say from start up to the first three years which is the real crux and we know the statistics that, unfortunately, eight out of ten businesses fail in the first three years. The impact on the Australian economy to that, is worth about SEVENTY SIX BILLION DOLLARS of lost revenue as a result of these business failures. And the biggest obstacles that a business owner faces in those first three years is from our experience, first is a lack of planning. They start a business with a great idea with all the enthusiasm that they bring to their job and their passion, but unfortunately haven’t put a great plan in place as to how they’re going to see themselves from this point to three years down the track, mainly around their cash flow. Because in many cases, a business owner thinks as soon as i sell my product, I’ll get the revenue from that coming into my business. And that is just not the case. In many cases, there’s significant outflows to suppliers, to landlords, to employees, before any money comes into a business.
Who is OptiPay?
OptiPay, one of Australia’s leading business finance providers, has been dedicated to helping small business owners solve cash flow challenges for over a decade and has provided $1.5 billion in business funding to more than 500 Australian businesses. OptiPay specialises in modern financing solutions such as invoice factoring, invoice finance, debtor finance, and lines of credit. OptiPay’s mission is to support business growth providing liquidity in as little as 24 hours, ensuring they have access to tomorrow’s cash flow today. This rapid access to funds helps businesses maintain smooth operations and seize growth opportunities without the stress of cash flow constraints. At OptiPay, we believe that healthy cash flow is the lifeblood of any successful business. Our commitment to helping businesses overcome financial hurdles and achieve their growth ambitions has solidified our reputation as a trusted partner in the business finance sector. Whether you are looking to stabilise your cash flow, expand your operations, or navigate financial challenges, OptiPay is here to support your journey with innovative and efficient financing solutions.
