Business articles for Small Business Entrepreneurs by Amy Chen - Business Coach, Consultant and Mentor

insolvency

Why Structure Is So Important When It Comes To Your Debtors  

Why Structure Is So Important When It Comes To Your Debtors   

We all know how important sales are, but equally important is collecting the cash we’re owed ... and making sure the time we spend chasing accounts is as effective and efficient as possible.

Seven things you need to avoid business failure

Seven things you need to avoid business failure

We all know being a business owner is a hard gig.

And the statistics back that up:

  • According to the Australian Bureau of Statistics, more than 60 percent of small business cease operating within the first three years of starting.

  • 43% of one-person businesses which existed in 2011/12 were gone by 2015/16.

So why do small business fail? And what can you do to make sure you don`t become a statistic?