Would you leave your front door wide open with a sign inviting burglars into your house?
But as a business owner, you could be letting your creditors walk in your front door and not just take your contents, but the house itself! And it may only take a creditor owed just $2,000 to do this.
All there needs to be is reasonable grounds for suspecting your business was unable to pays its bills when they were due, on, or after 25 Sept 2020.
You may think your business is fine now, but what will your business look like from 28 Sept 2020 when:
- Any JobKeeper payments will fall
- Your rent may return to the lease amount
- You may need to start paying extra rent for any deferred rent you received since March
If you want to keep the front door of your house locked from your creditors, don’t wait till 25 Sept. By then the “horse may have bolted” kicking your front door wide open for your creditors.
There is one thing you need right now. And that is a cashflow forecast.
Once you understand what your cashflow forecast looks like, you can then determine what needs to happen.
And if you need help to prepare a cashflow forecast, I can give you an upfront agreed fee, just contact me below
Contact Wayne Wanders for your Cashflow Forecast
At the end of this session, you will have a fixed price quote to prepare your cashflow forecast.
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