Construction Businesses Need Proactive Cashflow Management

[et_pb_section fb_built=”1″ _builder_version=”3.0.47″][et_pb_row _builder_version=”3.0.48″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.0.47″ parallax=”off” parallax_method=”on”][et_pb_text _builder_version=”3.15″ border_style=”solid”]

Andrew Heaton
Sourceable
12 October 2017

Cash flow management can be challenging and many in the construction industry have developed a complacent approach to such, operating their business unaware of their current cash flow situation. According to ASIC statistics, the construction industry is ranked second for insolvencies and represents 16.72% of Australian business insolvencies. Peter Donovan, Bizprac CEO says effective cash flow management is critical throughout the building sector. It is often difficult to maintain and manage positive cash flow within a small business but there are a number of strategies to help you handle this effectively. Find our more about invoice finance here, and read the full article here.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]

More
articles