Business planning, Finance, Legal

Aussie SMEs face cashflow crisis: Top three tips to get the cash flowing again

Rose Powell /

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:

 

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Rose Powell

Rose is the current head of growth at Rampersand Ventures. She was formerly a reporter at StartupSmart.

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