Bounce Back Loans can be a lifeline but many business owners are wary about applying because they don’t want to take on debt. Remember – loans must be repaid!
Getting paid on time – your company is NOT a source of alternative finance!
Getting paid on time – it’s one of the biggest drags on the business community and it hits the smaller business particularly hard.
But there are things you can do, it’s time to hit back.
Remember – your company is NOT a source of alternative finance for your customers!
Get paid quicker – 5 ways to avoid bad credit risks
The collection side of credit control is difficult enough so identifying bad payer problems before you have even made a sale can save you time and money.
My cashflow is a mess and I’m running around like a headless chicken
Poor cashflow is a symptom and a problem. We take a look at practical ways to improve your cashflow.
Don’t bank on your bank for cashflow
No one is going to lend money to a business that doesn’t have its own house in order.
Why two bank accounts are better than one
Your main bank account will certainly look to be short of money. But that’s partly the point!
Clients – are they profitable and will I be paid in good time?
There’s no point having a client contract which either doesn’t make money or doesn’t pay you in good time. This doesn’t just apply to potential new business deals; it applies across your entire client base.
A gory cashflow model is a useful cashflow model – the bloodier the better
You probably can’t rely on your bank to save the day so it’s down to you
Five tips to improve your sales invoicing
If you are being paid on credit terms then sending the URL instead of the invoice is simply creating a reason for your invoice not to be paid.
How good are your management accounts?
This company has annual sales in the millions of pounds and it reminded me that there are many businesses in the UK of all shapes and sizes that do not have adequate financial information.