5 ways to instantly improve your cash flow

cash flow

Cash flow is the most important thing in your business – more important even than profit. If you imagine cash to be the blood cells of a business, then cash flow is the flow of blood, keeping the business alive.

A healthy person will quickly die without blood. And a healthy profitable business will quickly die if it runs out of cash.
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How to prevent your business from running out of money

There are several different measurements that will provide you with insights into the health of your business. Profit is certainly one of them. However, even the world’s most profitable enterprises can experience financial difficulty if they ignore their cash flow. (more…)

What to do when a client refuses to pay or can’t pay

If you’ve got a business headache right now, there’s a pretty good chance it’s to do with clients owing you money.

It’s almost as if the current economic shutdown (late 2020) has become a prime opportunity for anyone who fancies improving their own cash flow to help themselves to better credit terms from their suppliers… but without asking permission.

That has a knock-on effect right down the line. And it’s no wonder that small, cash-poor companies at the bottom of the chain are the ones that suffer the most.
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Factoring for small businesses – the pros and cons

If you’re doing well enough that your business is growing rapidly you would expect your finances to be healthy. But that isn’t always the case.

If your firm is expanding quickly, you could find that your cash flow becomes a problem, even though your business is profitable.

It’s a unique financial situation where you are selling so much that you can’t get the money in the door fast enough to pay for the raw materials you need for your next batch of products.
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Invoice Finance – what is it and how can it help my business?

Invoice finance is an umbrella term for two distinct forms of business funding called invoice discounting and invoice factoring.

It’s likely you’ll have heard of these alternative types of business finance before, but without knowing exactly how they work, you might dismiss them as just another financial product that you and your business don’t need. However, there are real benefits to these products, so here is what every business owner should know about invoice finance. (more…)

The free tools businesses can use to credit check new clients

One of the big issues, when you’re taking on a new client, is whether you can trust them to pay you or not – so how best do you deal with this concern?

Some people charge a deposit or part-payment up front, but that can be off-putting to customers, who equally don’t know whether you’re trustworthy and might decide to go with a freelancer who doesn’t ask for payment upfront.
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10 steps you need to take to turn around a struggling business

Most companies will face some kind of cash flow problem at some point. Temporary cash flow problems or financial squeezes usually arise out of matters that are outside of the immediate control of the directors, but when problems like this happen it’s vital you take the right steps and move quickly to ensure the issue doesn’t escalate.
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Business debt recovery – A practical guide for small businesses

If your customers do not pay you on time (or at all), then they are inflicting serious damage to your business.

It is something that is so often overlooked as ‘one of those things’ small businesses just have to put up with, but with the right approach you needn’t let your business succumb to this common problem.
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8 signs that a small business may be approaching insolvency

business insolvency

Although it does not necessarily herald the end of a small business, the decline into insolvency can bring significant changes in company structure, operations and management style.

Here are 8 early warning signs that indicate your small business could be heading for financial trouble, and the actions you can take to overcome them. (more…)