World's Worst Title for SMEs
Issue 001
A very unwanted title has been awarded to Australian small/medium enterprise operators with the announcement that Australian small businesses have the “largest debtors' days outstanding in the world". (Download Australian Financial Review Article)
The survey was conducted by UK-based “Market Invoice” which found that Australian businesses were being paid 26.4 days later than the traditional payment period, far later than the next latest country, Mexico with 18.6 days or South Africa with 16.5 days late.
Based on the traditional 30-day payment terms this means that Australian small businesses are being paid on an average of 56.4 days which the Australian Government Small Business Ombudsman, Kate Carnell described as the “silent killer of modern business”.
Ms Carnell said that “in Australia more and more small businesses are falling victim to the unscrupulous payment practices of some big businesses – and even government departments – that are quite frankly a drag on productivity”.
Past Posts
-
Final COVID-19 Survival Panel for SMEs
-
JobKeeper Has Reduced - Have You Got Research & Developme...
-
Developing Intellectual Property, Funding It, Perhaps by ...
-
Crowd Sourced Funding Expected To Be In Demand In 2020/21
-
Tradies' Charge Out Rates Review And Corporate Governance
-
JobKeeper Changes And Crowd Sourced Funding Highlights
-
Sound Advice Will Help You Meet The Challenges
-
Taking Opportunities/Upgrading Your Accountant's Role
-
Management Accounting And Government Grants Can Contribut...
-
Marketing and Business Funding for COVID-19 Survival
-
Developing Strategies For An Uncertain Year
-
Predictive Financial Statements and Legal Overview for SMEs
-
Cashflow and Funding a Major Issue for SMEs in the Afterm...
-
Crowd Sourced Funding And The Rejuvenated Business Scene ...
-
Where Can You Get Funding For Your Business And What Can ...
-
Utilising Predictive Accounting to Avoid the Lockdown Blues
-
COVID 19 Survival Assistance for SMEs
-
COVID-19 Survival Assistance for SMEs
-
COVID 19 Survival Assistance for SMEs
-
COVID 19 Survival Assistance for SMEs Number 2
-
COVID 19 Survival Assistance for SMEs
-
COVID 19 Survival for SMEs
-
Getting Ready for 2020 – Running a Better Business With S...
-
Another Source of Equity Capital for SMEs!
-
Having Trouble With Your Business’ Finances?
-
First Year Celebration – Crowd Sourced Funding One Year Old!
-
Sound Talent Recruitment Helps Add Value!
-
Does Your Strategy Create Value?
-
Management Accounts Give You More Information - Why Not A...
-
Do You Feel Like Saying... “Help Me Run A Better Business”
-
OVER 30,000 PEOPLE HAVE ENDORSED CROWD SOURCED FUNDING EQ...
-
What should Should Shareholders, Company Directors and Ma...
-
Crowd Sourced Funding Equity Raising – Accountant’s Role...
-
Crowd Sourced Funding Equity Raising – Scorecard
-
Crowd Sourced Funding Equity Raising - “HOUSE IN ORDER” R...
-
Is Crowd Sourced Funding Equity Raising the Same as Crowd...
-
Early Stage Innovation Company – a “Cousin” Entity to a ...
-
Crowd Sourced Funding Equity Raising - Who Might Be Inter...
-
Crowed Sourced Funding Equity Raising - In The Beginning
-
Experts Endorse Crowd Sourced Funding Equity Raising
-
How To Grow Your SME Without Increasing Your Personal Risk
-
How To Retire With Dignity From Your SME
-
How to say 'Adios' to your Bank Loans & Guarantees
-
Getting Pressured to Repay "Bank of Mum and Dad" Loans?
-
15 Step Checklist for Crowd Sourced Funding Equity Raising
-
Crowd Sourced Funding Can Assist "Scaling Up"
-
A New Concept to Revolutionise SME Businesses!
-
What's Your Next Goal?