Did you know that Australian small businesses are owed

Unpaid Invoice

Did you know that Australian small businesses are owed $26 billion in unpaid invoices and 20 per cent of late payments are due to errors on invoices often associated with manual entry, according to the ATO?

The Late Payments Study, commissioned by PayPal and Intuit Australia, shows that the average amount owed to each small business at any one time is $13,200, with more than a quarter forced to take out a loan to cover their expenses.

These figures are staggering, especially when you consider that cash flow management is a leading cause for businesses to fail.

As a business owner, what systems do you have in place to:

Reduce the risks of invoicing errors
Ensure that you get in paid by the due date
Follow up late invoices

Do you allocate time and resources to work on your business to prevent these types of issues that are suffocating so many business owners?

I have seen first-hand how asking the right questions can uncover, time-saving processes, new ideas, and very significant business upscale growth. In doing so minimising risk and increasing results.

To learn more contact Marc-Andre at Release Forlife Business Coaching M 04 02 40 77 68

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