Running two bank accounts is an incredibly powerful discipline for a business to adopt because it puts such a focus on making the business make money.
Archive for the ‘Cashflow & credit management’ Category
Part Time Finance Director – if this is the solution, what’s the problem?
There’s no such thing as a full-time FD role in most small or medium businesses. But if this is true then what can a small or medium-sized business do when it needs some experienced, practical financial input? A part time Finance Director might be the answer.
Metro Bank – how to enter a market and make a difference
As the first new bank in the UK in 100 years, Metro Bank has very stiff and entrenched competitors, but they are doing a lot right and it will be fantastic to see them succeed, not least because it might encourage other new entrants to the banking sector.
Get paid quicker – 5 tips to improve your sales invoices
You have to get your invoices out to customers in good time or face ongoing cashflow difficulties that could hurt your business. Continue Reading
Get paid quicker – 5 ways to avoid bad credit risks
Make credit control easier by taking steps to reduce the risk of selling to bad payers in the first place. 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.
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Clients – are they profitable and will I be paid in good time?
There is no point having a client which either does not make money or pays you too slowly. This advice applies across your entire client base, not just for the next new business deal.
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Profits, cashflow and getting paid – plus ca change, plus c’est la meme chose
Autumn Statement, euro crises, stock market meltdown – what can you do? The simple answer is to get the basics right and there’s a great chance you’ll be fine. There are three things to concentrate on.
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