Cost of Living

80 Percent of Aussie Businesses Struggling With Cash Flow: Commonwealth Bank

Some businesses are drawing on owners’ savings to cope with declining revenue, low cash reserves, and seasonal fluctuations.
80 Percent of Aussie Businesses Struggling With Cash Flow: Commonwealth Bank
An image of Australian $50 banknotes. A. Ming/ The Epoch Times
Rex Widerstrom
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Nearly 80 percent of Australian small to medium businesses (SMBs) have experienced cash flow problems in the last 12 months, with 27 percent of owners forced to dip into personal savings, skip paying themselves a salary, or do both.

These findings come from a new survey commissioned by Commonwealth Bank and conducted by the University of New South Wales (UNSW).

Rex Widerstrom
Rex Widerstrom
Author
Rex Widerstrom is a New Zealand-based reporter with over 40 years of experience in media, including radio and print. He is currently a presenter for Hutt Radio.