Cash Flow

5 Cash Flow Mistakes Small Businesses Make (and How to Fix Them)

5 Cash Flow Mistakes Small Businesses Make (and How to Fix Them)

Cash flow kills more small businesses than lack of customers ever will. Poor cash flow management is the leading cause of business failure in Australia. The pattern is common: a business has plenty of work, revenue looks healthy on paper – but there’s never enough money in the account when bills come due. The problem isn’t usually income. It’s how money is managed between earning it and spending it. Here are five cash flow mistakes that freelancers and sole traders make repeatedly, and how to fix each one.

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