Why provide advisory services?
Business Advisory Services Update
According to ASIC, small business failure has jumped 34% this financial year!
“A large number of small businesses go out of business in their first six months not because their idea was a bad one but because the fiscal management was poor.” Paul Robson, CEO of MYOB, said in a recent Financial Review article.
Issues directly related to starting a small business, such as…
Payment terms imposed by suppliers for new business operators.
Chances of cash flow problems due to supplier payment terms.
Cash flow management is a huge issue – debtors’ days outstanding for many businesses are substantially higher than 30 days!
Do Accountants/Bookkeepers/Business Advisers share some of the responsibility for the high failure rate of businesses in Australia? Tell us what you think, email us at .
