Did you know that 60% of small businesses are forced to stop operating in the first three years (Australian Bureau of Statistics)? So what goes wrong? ASIC reported that in 2012, 44% of failing businesses suffered from poor strategic management around financial management and 40% had inadequate cash-flow or high cash use.
If you do not get the right advice, your business may struggle to survive – that’s where we can assist you. Sometimes things are so bad business owners do not know where to start, so they do nothing, let creditors and tax get out of control until a crisis situation develops.
Early intervention is key to restoring the business to a successful enterprise.
Our consultants act as an impartial third party to look over your financials and analyse where your business is losing money, or not operating efficiently. We can assist you by taking control over the situation, to help you get back on your feet.
Acting quickly when your business is struggling can improve your chances of turning the business around quickly. If you need help to get your business out of trouble, give us a call today.