Australian firms lose millions of dollars annually, writing off debts as a consequence of a slow and ineffectual debt collection policy.
Many small business operators struggle with cash flow and those struggles often include slow accounts receivables. Notably, if money is not coming in, then you will have difficulty paying bills.
You’ve made the decision to acquire your competitor or have decided to take over the operation of a key supplier. Such a move can have a tremendous impact on your bottom-line if it is carefully arranged.
If you are looking to sell your business the best time to put it on the market may be right now. We are five years removed from the Great Recession and the financial markets are booming.