Archive for the ‘Cashflow & credit management’ Category

EU late payment directive – this has teeth, so bite back

europa-flagThe EU late payment directive comes into force on March 16, 2013. Unlike much of the support for late payment this legislation appears to have teeth, so you should use it to bite back.

But make sure you pay your creditors in good time!

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Five tips to improve your sales invoicing

Sales invoicing is vital whatever you are selling: you have to get your invoices out to customers in good time or face ongoing cashflow difficulties that could make you go bust. Continue Reading

Credit management – A sale is a gift until it’s paid for (part 2)

If your business model doesn’t allow you to be paid upfront…….…..read on Continue Reading

Credit management – A sale is a gift until it’s paid for (part 3)

If your business model doesn’t allow you to be paid upfront…….…..read on. Continue Reading

Financial information – how good is yours?

financial informationFinancial information is the lifeblood of every business.

With good, up to date financial information you can make sensible decisions, change what is not working, get early warning of problems and track the results of your business.

Anything less than good financial information will hold you back, sometimes disastrously.

So what financial information do you need and how can you get it?

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Business growth – the financial essentials

 

Business growthA client of ours, long-established as a one-man company, is about to win several large contracts. Clearly this is very good news, but not without risks and pitfalls.

Our guy, both excited and nervous about what the future holds, came in for a chat.

Time to discuss the financial essentials of business growth. Continue Reading

Cashflow – do not think you are richer than you are!

Cash FlowIn businesses where you get paid upfront you have to be so careful to remember that costs and cash outflows will follow the cash inflows – so do not spend all the money! Continue Reading