Aussie SMEs face cashflow crisis: Top three tips to get the cash flowing again
Friday, August 23, 2013/
According to new research by global debtor finance firm Bibby Financial Services, 81% of Australian small and medium-size businesses surveyed had experienced cashflow issues in the past 12 months.
Over a quarter (26%) surveyed were looking to pay down existing debt and 23% intend to refinance existing debt.
Fewer than one in five businesses surveyed were looking to seek new funding to grow (19%) and to provide working capital (18%).
We spoke to John Moss, the chief strategy officer at accounting software provider MYOB, about how start-ups can keep their cashflow intact and growing.
He shares his top three tips in the video below: