How to survive the Christmas blackout period | Dynamic Business

Posted by Team Waddle on 28-Nov-2017 08:50:05
How to survive the Christmas blackout period | Dynamic Business
[MEDIA] This first appeared on Dynamic Business

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.

SEE ALSO: The Tech Savvy Entrepreneurs Roadmap to Working Capital

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Topics: Media, Trends & News

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