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  • Owner Driver

    Money in a hurry

    Dec 08, 2019 3 minutes
    Warren Clark

    CASH FLOW is arguably the most important determination in whether a business succeeds or fails, and this is no more evident than in the Australian road transport industry. Our experience has shown that for owner-operators uncertainty and inconsistency of payment are the major contributors to business closure.

    Recent research by the Australian Small Business and Family Entrepreneurship Ombudsman (ASBFEO) highlighted a persistent trend in payment times extending beyond typical timeframes of 30 days to 120 days, which is a penalty very few businesses can absorb. Unfortunately,

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