Are you one of the 16% of businesses who don’t know how long your cash will last?
Yesterday the Australian Bureau of Statistics (ABS) released its latest report on the business impacts of COVID-19. One of the questions asked of businesses was to estimate the length of time that, under current conditions, operations could be supported by currently available cash on hand.
What was unsurprising was that the ABS found that 16% of businesses had no idea how long their cash would last.
If you were one of these 16%, you need to change that asap. Otherwise you may find your business doors closing for good in the near future.
Contact me below if you want some help to put together a cash flow forecast specific to your business.
Contact Wayne Wanders for your FREE Business Survival Session
At the end of this session, you will have multiple ideas on how your business can survive and thrive in these uncertain times.
Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.
Wayne Wanders, A Real CFO
wayne@aRealCFO.com.au