Business Success rates

Ever wondered about Business Success rates for new businesses?

Well, the other day the Australian Bureau of Statistics (ABS) put some data on this.

In the between July 2016 and June 2017 there were 328,205 new business created.

By June 2018 22% of these had closed.

By June 2019, nearly 38% of those had closed.

By June 2020, nearly 47% of those had closed. And this would not have included the full impact of the COVID shutdowns either.

So, putting it another only 1 in 2 businesses survived more than 3 years.

And one of the key reasons why these new businesses close so fast is poor cashflow management. Another is poor strategic management of the business.

If you want help to improve your cashflow and strategic management of your business, so you are one of the businesses who lasts more than 3 years, simply contact me below.

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Contact Wayne Wanders for your FREE Business Survival Session

To ensure I help your business specifically, the best approach I have found is to have an obligation free session with you. In this session we will review your current business in a factual and objective manner, to better understand the challenges that you face. And this session does not need to be face to face.

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.

To get help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times, simply use the contact form on the left to email Wayne or call him on 0412 227 052.

We promise to keep your email address safe.

Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.

Wayne Wanders, A Real CFO

wayne@aRealCFO.com.au

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