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Improving Cash Flow |
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| A business with poor cash flow is a business heading for disaster. It doesn't matter whether the business has a great product or great service, cash flow is king. Here are some tips for keeping your cash flow good. | |
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How to get your customers or clients to pay upWhen the 20th of the month ticks around and your bank balance isn’t looking as healthy as it should, you know you have a problem. A quick look at your debtor’s ledger reveals that there is a lot of money out there but it is no good to you unless it is sitting in your bank account earning interest. So what do you do to get it in? Click here to learn how to get your customers or clients to pay up |
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Why you shouldn’t copy someone else’s terms of business“Never Re-invent the wheel” was the advice I was given when I started in business. And that’s a great adage which I still use today. But if you are looking for a wheel for your car, you don’t go to the local cycle shop. That’s what some people do when it comes to their terms of business – copy those of another business and then realise (when it is too late) that they are completely unsuitable.Click here to learn why you shouldn't copy someone else's terms of business |
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How to decide when you need a written agreement (and when you don’t)“You have a deal!” said John as he reached over to shake Paul’s hand.Paul was elated. He knew the new business venture could reap rewards for both parties. However, Paul had been burnt before in a similar deal and knew he should have a written agreement with John. But, he wasn’t sure John would go for it – and he didn’t want to lose the deal. Click here to learn when you need a written agreement and when you don't |
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Where the Bible teaches us how to improve our cashflowNo cash means stunted business growth, worry and sleepless nights wondering to how you are going to pay your bills. So you're lying there at night, eyes wide open, thinking how you are going to face your creditors the next morning. In this situation, many business owners (religious or not) would plead for some kind of divine intervention.Well believe it or not, one strategy for getting your customers to pay on time is actually sitting there in the bible. You just need to know where to look. Click here to read more. |
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How to get free credit without burning bridgesYou lay the wad of envelopes out on the table. A quick scan tells you that there will be more bills than cheques. As you open each one in turn you mentally add up what is owed and what you have received. The big payment you are expecting isn’t there and the deficit is bad news for your ailing bank account.A story familiar to many business owners and a problem which the business owner must grapple with immediately. Click here learn how to get free credit for your business without burning bridges |
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