Business insolvency is a very real risk for many new and existing Australian small businesses, but countless business owners are not spotting warning signs early enough. Thats why specialist insolvency firm Jirsch Sutherland together with accounting firm Nexia Australia and New Zealand are urging SMEs across the country to take a serious look at the financial health of their business.
For a lot of small businesses, approaching their third year is a real wake up call, says Andrew Spring, Jirsch Sutherland Partner.
Statistics show that around 60 per cent of businesses dont make it past the first three years which is why its important to take action early should there be any signs of financial stress. We strongly advise business owne…
Read the full article at: http://anthillonline.com/six-tips-australian-smbs-can-survive-thrive-first-three-years/