Dealing with outstanding debts can be overwhelming for small businesses. It makes it hard to predict your cashflow and to be prepared for unforeseen events.
On this page, you will find help and guidance about what to do when:
- someone owes you money
- you owe someone money.
Please note that, while we canβt help with legal advice or with debt collection services, we can help you understand your situation and your options. You can start by looking at Five steps to resolve your dispute.
Remember that when dealing with debt, itβs not just the health of your business youβre dealing with. Debt can have a heavy toll on small business owners and it is important to look after yourself.
There are a range of support services to help you through:
- β run by financial counsellors who provide free, independent and confidential advice on how to best manage your debt.
- (NASBO) β run by Beyond Blue, it is a mental health coaching service specifically for small business owners.
- The (SBMS) β provides free helpful resources and guidance from experienced business mentors.
- The β offers workshops and coaching services to make your business more viable.
You can also call our Γβ·Ρ½ϋΒώ information line on 1300 650 460 or send us a via our dispute support service.