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Many people who have an idea or invention are keen to raise capital but unless you have put in the work to build a solid business foundation or have the right business acumen your idea is never going to be realised.

Eighty-one per cent of small and medium sized businesses (SMEs) owners experienced cash flow issues in the past 12 months and 47 per cent believe their cash flow situation has worsened over the year. These are the findings of the latest Bibby Barometer – a bi-annual small business sentiment survey launched this month.

There are compelling statistics about the scale of the succession planning challenge facing small business in Australia over the next 20 years. Here are a few facts based on an RMIT University survey carried out several years ago.

The impact of the GFC on our business environment is well documented over the past 18 months. It is tougher now to raise new equity and gain support from your bank. In short the number of business failures continues to rise in 2010 according to the latest Australian...