Elections, inflation, disruptive technology such as AI – uncertainty increases but 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.
Profits, cashflow and getting paid.
Up to you how you do it, but the options include:
But keep a very careful eye on your margins. Try not to “buy” sales with low margins but do think about saying goodbye to unprofitable clients or services. Discarding the deadwood can allow you to reduce overheads, spend more time on marketing and improve profits.
Heard it before? Of course you have and the reason is that it’s universally true.
There are two types of business:
“A sale is a gift until it’s paid for”. This is no time to be too polite about getting paid and here are seven quick steps to better credit control:
This blog could have been written at any time in the history of commerce. If Gutenberg had published it he may not have been made bankrupt!
Business basics don’t change, we simply become more or less complacent about them. Now is not the time to be complacent.
Michael
And if you need some help with the business basics then there are a number of our blogs that can give you some practical hints and tips, or perhaps give us a ring on 020 7125 0270.
Related links:
She’s a bulldozer when it comes to credit control and getting paid
Chartered Accountants – Bedford House, Fulham Green, London, SW6 3JW
We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
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