Sydney-siders are skilled at working their way around the ever-changing streets as construction sites are forever popping up, and it’s all powered by human labour. Sorcha Hunter, the founder of Hunter Labour Hire has been supplying this labour to the construction industry for over 10 years. Their motto is to provide quality tradespeople quickly and safely.
Slow paying debtors, the misery of every business owner at some point. Payment terms are not being met, receivables blow out and the money that could so usefully be put back in the business is just sitting tickling their fancy. Torture.
The Christmas Blackout period can bring Australian small businesses to a halt as wage bills take priority and payments begin to dry up.
With everybody looking to preserve the cash they have available, business to business transactions begin to slow down from November through to February, leaving some business owners scrambling or tying themselves up in expensive, short term loans.
Effectively, everyone is sailing down the same river, causing an industry wide shutdown. Everyone is restricting cash out flows and this has a knock on effect industry wide – everyone is chasing everyone else for money, and no-one wants to let go of it for all the same reasons.
One of the biggest threats to business growth is inventory management, here's why...
Measuring your “Cash-to-cash Cycle” (C2C), means figuring out the time it takes for a dollar to go out the door until that cash comes in from sales.
Image credit: Ex Machina (film)