An article from Smart Company
Poor cash flow is the number one reason small businesses fail. But inquiry by the Australian Small Business & Family Ombudsman into late payments found owners averaged less than 5 hours a week chasing money that's owed to them.
And late payments cost you much more than you think: it puts 35% of businesses at the risk of insolvency, and 78% of owners admit tight cash flow causes them stress and anxiety.
But with the right processes, you can make the time you do spend chasing outstanding accounts much more efficient and effective.
Jump over to my Smart Company article to find out more ….