Studies show that small business owners spend more time worrying about keeping their business open than they do actually enjoying their free time, with most of this worry related to cash flow in their business.
The incidence of cash flow related worries also corresponds to small business owners feeling that they more frequently miss out on quality family time.
Commenting on the findings, Fox Finance Group Founder, Dan Fox said, “Brokers play an important role in being able to provide much needed valuable support to small business owners.”
“Two-thirds are stressed and distracted by cash flow during different times of the year and for many different reasons. For example, invoice-based clients are dealing with slow payments and the quiet January period, creating a cashflow squeeze.”
“December and January is the busiest time for most retailers and staff costs are high. Meanwhile, CBD cafes and shops see a noticeable drop in foot-traffic as regular customers flock to the beach.”
So, if you consider yourself one of the many stressed-out business owners you don’t have to feel that you are alone or that help is not on hand.
We may just have the solution to your cash flow woes right here and now.
Speak with one of our Business Lending Specialists today and let us help you with a well structure funding plan to get your business flying again in 2019!
Learn more about the Author Nathan Drew.
After graduating year 12, Dan began his banking and finance career at Westpac Banking Corporation in Brisbane in 1988. He worked for the bank for seven years, excelling in his career and working his way up to management.