Once again private business sales listings have increased in the December quarter, with the BizExchange Index for Private Business Values reporting a 13% rise in sale listings, reaching record levels.
This article first appeared June 22, 2012. With warnings of a second global financial crisis and consumers at home who refuse to part with their cash, it may seem like hard times are ahead for Australian small businesses.
Company collapses increased by 1.7% in May, with businesses in South Australia, Victoria and the ACT hardest hit by Australia’s uneven economy.
Insolvency experts are urging retailers, manufacturers and tourism operators to downgrade growth targets in light of new insolvency figures revealing that those sectors are the hardest hit.
Start-ups need to combat a Christmas cashflow crunch despite a five-month low in insolvencies, according to industry experts.