January 31, 2012 – RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, suggests ten things business owners can do to improve profits, cash flow and reduce stress levels throughout 2012.
Andrew Graham, national head of business solutions, said, “There is no doubt that businesses in Australia are facing a difficult economic climate in 2012, which could lead to a potential rise in insolvenciesover the coming 12-18 months.
“Some businesses have already started the new year with cash flow difficulties as the cash cycle has tightened considerably through December and January. Now is the time for business owners to consider opportunities to restructure their business in light of what’s not working for them.
“Business owners need to remember that it is never too early to seek help and ask advice from accountants, business advisors or other specialists if they are worried about their business or managing cash flow.”
These tips can help businesses remain in the best possible shape for the year ahead:
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