The Wall Street Journal ran a short article last week discussing the most recent poll results from Experian’s Business Benchmark Report. The main conclusion of the report was that small business owners are still struggling to manage cash flow, so they’re continuing to pay their bills late.
Specifically, the report said the following:
- Businesses with between one and four employees were an average of 8.2 days late paying their bills – a nearly 15% increase from a year ago.
- Firms with five to nine employees were 7.6 days late, an increase of about 16%.
- The average for businesses of all sizes was 7.1 days.
Click here to read the entire Wall Street Journal Article: Paying Bills Promptly Still a Struggle.