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The enclosed Podcast was recorded for CBS Interactive Australia for its BNet site and blogs on November 6th 2009. The enclosed detail is taken from their site, which can be veiwed here .
(Episode 368; 12 minutes 59) Here in Australia over the summer months many people in business are on holidays. That means even if you’re still hard at work those people who owe you money might not be. It’s very likely that cash will be slower coming in through the door.
Tim Lea, a partner in Cash Stream Financial, says many businesses do not realise how deep the problem can be.
So how should you be planning to protect your business over the quiet months? Will the situation be worse this year because of the global financial crisis? What should you do if you fear cash is going to be short? What is factoring? Is it an option for bringing cash forward?
Today’s BTalk Australia is essential listening, particular for small business owners.
About the Interviewer: Phil Dobbie has a wealth of radio and business experience. He started his career in commercial radio in the UK and, since coming to Australia in 1991, has held senior marketing and management roles with Telstra, OzEmail, the British Tourist Authority and other telecommunications, media, travel and advertising businesses. In BTalk Australia he provides a lively and insightful view on business issues, adding his blend of irony and humour to the discussions. |
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About the Speaker : Tim Lea has spent 20 years within the Cash Flow Finance industry, as both a lender and a broker and is a Partner at Cash Stream Financial, an independent commercial finance broker specilaising in Factoring, Invoice Discounting and Inventory Finance. He is the co-author of the book "A Guide To Factoring and Invoice Discounting: The New Bankers."
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