Is Your Cash Flow Hindered by Unpaid Invoices?
Use these strategies to get paid on time so your working capital improves
Working capital constraints pose a major headwind for Australian businesses intent on growth. After all, strong cash flow drives growth. Yet, an estimated $1.87 million is lost (on average) from SME annual revenue due to cash flow shortfalls (more startling statistics in the research below).
What more could your growing business achieve with predictable working capital on hand? If cash flow improved, would you…
- Invest in innovation?
- Launch in a new market?
- Extend your product line?