Many of us dream of starting our own business, being our own boss. But the brutal reality is that it is bloody hard work.
And too often, small and medium size business (SME) owners are having to dip into their cash reserves to keep their dream alive.
The latest Suncorp SME vs Me Report revealed one in three SMEs use personal finances to manage their cash flow, and a quarter of sole traders and new business owners (in operation less than three years) haven’t been paid by their business in the past 12 months.
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