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9 ways to improve cashflow in your business! July 11, 2008

Posted by businessgrowthmastery in Entrepreneurial, Financial Management, Leadership, Mastermind Group.
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Of all the business tips I’m asked about, one of the most frequest realtes to how to improve cashflow. As you will realise, cash is king – without it, you’re dead! So it is vital that you implement a structured approach to improving the cash position within your business.

Incidentally, my response to the question is to point clients in the direction of the “9 steps to improving cashflow” – see below;

Implement the following 9 ideas to improve the cashflow within your business;

1. Use cashflow sales checklists.

For sales people, get them to ask every single customer to make another add-on purchase with the one they’ve already made. A great way to do this is to have a shopping checklist of what the customer could buy.

2. Use cashflow payment checklists

. For your administration team. Have a checklist of your customers and when their payments are due. Set up reminder e-mails/SMSs/and faxes for each customer to ensure their payment is received on time…. Read more

 

Thriving in a Downturn – Part 2 – 10 steps to enable you to exploit new opportunities in global markets June 18, 2008

Posted by businessgrowthmastery in General, Leadership, Vision & Strategy.
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In the June 2008 edition of Director Magazine, Jane Simms highlighted the need for UK Directors to seize the chance to exploit new opportunities in global markets.
I, like her wholeheartedly believe that there are amazing opportunities for even the smallest operator to take advantage of the perspection of UK business in overseas markets.

However, the biggest hurdle that you will have to overcome in doing so is not the red tape, the long distances or even the time differences. No, the biggest hurdle that you will no doubt have to overcome is your own self doubt.

There are 10 simple steps that you can take today to ensure that you take control of these doubts

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