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Why 90% of Small Businesses Fail – And How a Good Accountant Can Save Yours

August 4, 2025

Because dodgy money handling is like putting Vegemite on pavlova – just plain wrong.

Starting your own business is exciting. You’ve got the passion, a great idea, maybe even a flash new logo. But here’s a sobering truth: up to 90% of small businesses fail, and one of the biggest reasons is poor financial management.

Yep — not bad timing, not bad luck — just bad money handling.


What Does "Poor Financial Management" Actually Mean?

It’s not just spending too much. It can look like:

✔️ No proper budget or financial plan
✔️ Forgetting about cash flow until it’s too late
✔️ Mixing personal and business expenses (using the business card for a weekend surf trip)
✔️ Missing tax deadlines or not putting money aside for the ATO
✔️ Making business decisions without knowing the real financial picture

In short: trying to run a business without proper financial systems is like driving across the Nullarbor without a map or water. Not smart, mate.


Real Example: What Happened to Pie Face?

Remember Pie Face? The cheerful little pie shop that popped up everywhere? They had over 70 stores across Australia and even launched overseas.

But by 2014, things crumbled. Why?

✔️ They grew too quickly without proper financial control
✔️ Spent more than they were earning
✔️ Ignored early warning signs when sales dropped
✔️ Got themselves into a cash flow pickle

Eventually, the company went into voluntary administration and owed millions. Even a business selling Aussie meat pies isn’t safe without the numbers adding up.


So, How Can You Avoid the Same Mistake?

That’s where we come in. We’re accountants (but not the boring kind), and we help Aussie small businesses stay alive and thrive.

We’ll help you:
✅ Build a realistic, useful budget
✅ Track spending so you always know where your money’s going
✅ Stay on top of tax and ATO deadlines
✅ Fix cash flow issues before they become disasters
✅ Understand your financials so you can make smart decisions

Basically, we do the numbers so you don’t have to. You focus on growing your business — we’ll keep it financially fit.

Don’t Become a Statistic

Running a business is hard enough. Don’t let bad bookkeeping or forgotten tax bills bring you down.

Want to be part of the 10% who make it?
Let’s have a yarn. Book a free chat with us today and see how we can help you take control of your finances — and your future.

Give us two minuses.
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hello@wiseacc.com.au0426 020 194
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