It's official a recession is upon us, this means that you will need to put in place measures to ensure you do not become a bad statistic of the recession
1. Plan, plan, plan! Prepare cashflow projections for next year, next quarter and, if you’re on shaky ground, next week. An accurate cash flow projection can alert you to trouble well before it strikes
2. The key to managing cashflow is to be aware of any problems as early and as accurately as possible. Financial services providers are wary of borrowers who suddenly need to have money today. They’d much prefer lending to you before you need it, preferably months before
3. Finance problems can often be self-inflicted. It seems obvious but companies which send out incorrect invoices often find that their customers end up returning an invoice and requesting a new one. Make sure all your invoices are correct before they’re sent out to ensure your customers have no excuse for not paying. As well as this, you need to take credit control seriously. if you want to know how to do this, just ask by going to our website and filling in the on-line query form, or telephone us
Jamieo "Making Your Cash Flow"
