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. Read more here.