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TwitterWriten by Marco TerryAre you stuck with great but slow paying clients? It is interesting how your biggest asset (great clients) can also be your biggest liability. But that is how business is. And as an owner you must adapt.Whether you like it or not, slow paying customers are here to stay. As a rule of thumb, commercial clients pay their bills in 30 to 60 days. And lately, the trend has been deteriorating.
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Top Tips For Small Businesses To Survive The Recession
January 29th, 2012 
admin Here are some tips for small businesses to survive the recession …. courtesy of the everywoman network: 1) Know your cost base. What costs are fixed (ie, costs that you HAVE to pay) and what are variable (ie, that are essentially optional or that fluctuate with sales). Splitting costs in this way will help you to pay what needs paying and cut back on what doesnt. 2) Good credit control Dont let your clients use you as a bank, if they want a loan for goods or services – thats where they need to go!
Preventing Internal Theft
January 20th, 2012 admin This just in from Laurie Owen, Senior Vice President of Business Resource Services out of Seattle. They were at our ASBDC national conference and offer up this interesting article by way of follow-up.A convicted felon shares his story and the steps you must take now to protect your business from internal theft.It was so quiet you could hear a pin drop in the normally chatty group of jewelry store owners. The presenter spoke quietly, even a bit nervously.
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Ideal Finance for Your Business
January 19th, 2012 admin A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or the finance. Maintaining discipline in the field of finance is the primary function of every businessman.
Cut Business Costs: Some Helpful Tips
April 11th, 2011 admin Making your business run efficiently is always going to be an on-going activity. From the cost of raw materials to everyday running costs, there are numerous ways in which you can make your business work more cost effectively, putting you in a stronger position for the future.
Cutting costs doesn’t mean that your product or service offering has to be affected or suffer as a result. It is possible to reduce the operating costs of your business without impacting the quality of products and services that customers receive.
How factoring can raise cash for your business
January 25th, 2011 admin How factoring can raise cash for your business
Small businesses often find it hard to improve their cash flow, with some business owners even tempted to use their own savings to raise finance. Banks are often wary of lending money to small businesses or start-ups, preferring larger companies with a proven track record. In reality, many small businesses would be more profitable if they could improve their cash flow, or afford to expand at critical times.
Three Powerful Tools To Ensure Good Cash Flow Into Your Business
December 20th, 2010 admin Cash flow problems are often cited as the number one reason for business failure, and so ensuring that your businesses cash flow runs as smoothly as possible is key to running any business large or small. But what are the options for improving cash flow, and are there any tools that can be used to achieve good long term cash flow?
For any business providing products or services to other businesses on credit e.g.
Advantage of having a Virtual Assistant for Small Business Owners
March 22nd, 2010 admin A lot of home-based business may not hire an employee to work at its home, therefore outsourcing your business task to a virtual assistant is a great way to solve this problem. A VA can lighten the workload to a home-based business owner with various task that you do not like to do or task that you simply do not have the time to do it yourself.A VA only charges on the hours consumed on the time required to do such work.
