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1.Market Observations, 8.Was Sticky

13 Nov 2018 (TheAge) – ‘It sucks’: Surveyor Ashley forced to beg clients to pay money owed

(13 November 2018, The Age, Business, p27, Emma Koehn)

‘The Melbourne business owner believes it is getting more difficult to squeeze cash from customers, making things tricky for the small business, which turns over just below $1 million a year.  It’s an experience which is reflected in the latest edition of Prushka Fast Debt Recovery’s Canary in the Coal Mine report. The survey of more than 500 businesses, which has been taken twice a year since 2006, revealed the chase for payments is intensifying, even though the amounts owed to businesses is staying relatively stable. Thirty four per cent of business owners surveyed said they found it harder or significantly harder over the past year to pursue those that owed them. Nearly half of smaller operators said that when they’d contacted a debtor, the other party had come back and challenged the amount owed.’

Read more at TheAge.com.au

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