Found this really interesting article from Mozo. It’s called Cashflow crisis: Over half of small business invoices are paid late.
In it Katherine O’Chee shares some overview into the state of affairs of small businesses everywhere in Australia. Here’s a short excerpt:
The latest MYOB Business Monitor also released today found 38% of small to medium-sized enterprises (SMEs) feel financially stressed due to late payments, while 42% are worried about cashflow.
In fact, the number of SMEs struggling with those pressures has only increased in the last six months. Concerns around cashflow and late payments rose by 12% and 7%, respectively.
Thought we’d share this fascinating piece from Mozo. It’s called Cashflow crisis: Over half of small business invoices are paid late.
There are a lot of noteworthy insights here. To learn about all of them, just click on this link to Mozo.com.