Strain On Australia's Small Businesses: Cash Flow Squeeze And Survival Strategies
Nearly 80% of Australian small to medium businesses (SMBs) have felt the squeeze on their cash flow over the past year, according to a new survey by CommBank.
The new data sheds light on the financial hurdles faced by local businesses and the number of factors contributing to the cash flow crisis.
A significant 35% of business owners pointed to declining revenue as the primary cause, while 30% cited low cash reserves, and 27% indicated that seasonal........
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