Region debt level concerns

Regional businesses are optomistic about next years predictions but still have a number of concerns.
Regional businesses are optomistic about next years predictions but still have a number of concerns. Donna Jones

REGIONAL business confidence is on the rise according to new research from Prushka Fast Debt Recovery, with 68% of businesses expressing some level of confidence with their current position, compared with 43% six months ago.

Prushka's Canary in the Coal Mine survey of 270 regional business clients from across Australia found 47% are aiming for growth in the coming year.

Despite the overall positive environment for businesses however, there is an undercurrent of uncertainty about the future, with 47% of respondents feeling the economy has had a negative impact on their business in the past year.

Profitability is a major concern for regional businesses with 58% citing it as their biggest worry for the coming year, followed by cash flow (42%) and growing their customer base (39%).

Regional businesses are also finding it more difficult to recover their debts, with 46% saying it has become harder in the past 12 months, higher than the national average of 42%.

Alarmingly, 62% of regional businesses are waiting more than 90 days before referring debts to a collection agency.

Experts suggest making personal follow-up calls to debtors can improve the percentage of invoices kept within acceptable limits.

Gympie Times

Council wishes ratepayers 'Happy Holidays', cops earful

The greeting on the back of the latest edition of Gympie Regional Council's Round-up newsletter which is sent out to ratepayers.

Gympie council under fire again - this time over its season greeting

Be on the lookout for chickenpox

Following a string of chickenpox cases north of Gympie, families are being urged to remain cautious

There's been a large number of cases north of Gympie

Social media 'ripping apart society', says Facebook's ex-VP

Facebook has a messenger app for kids under 13 Employees have lunch at the canteen at Facebook's headquarters. Picture: Daniel Leal-olivas

YET another former Facebook executive has come forward

Local Partners