ARTICLE · 03 SEPTEMBER 2008

What Do Business Owners Worry About At Night?

Moore Australia

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It does not matter whether you are a tradesperson, employing or contracting personnel, an importer or retailer of a product or a professional person - the issues confronting you each night are no different.

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Will we secure a contract so important to our future

Will our senior accounts clerk resign tomorrow and how will I replace that person?

Will we be able to pay the wages that are required to be paid on Friday?

These are issues we have to address throughout the life of a business cycle. It does not matter whether you are a tradesperson, employing or contracting personnel, an importer or retailer of a product or a professional person - the issues confronting you each night are no different. There are three main issues business owners should be aware of:

Cash flow management - How do you pay wages and creditors? The business is making money, but how do you secure enough funds to meet your ongoing needs, as the business grows?

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