Source: Adobe/Monkey Business
Small businesses looking to persevere through harsh trading conditions should monitor their cashflow, recognise the signs of insolvency, and keep an eye on their contracts, according to a new CreditorWatch EOFY survival pack.
Released Monday, the credit reporting agencys new paper offers more than a dozen pointers for Australian entrepreneurs to consider before June 30, designed to help them navigate surging inflation and falling consumer spending.
The report coincides with rising business administrations and restructuring appointments, with little sign todays trading pressures will ease any time soon.
Anneke Thompson, CreditorWatch chief economist, said businesses can expect trading conditions are likel…
Read the full article at: https://www.smartcompany.com.au/business-advice/eofy-survival-guide-tips-navigate-cashflow-contracts-collapses/