Implement Robust Credit Controls When a new business-to-business (B2B) customer comes to you with a large first order, your immediate inclination may be to open a bottle of champagne. However, there are risks involved in all credit accounts that it would be foolish to...
Strengthen Your Balance Sheet with a Healthy Cash Reserve The COVID-19 pandemic demonstrated, yet again, that nothing is certain in business. A perfectly healthy business can be hit by the unexpected at any time. However, companies with a cash reserve to fall back on...
How to Keep Your Cool and Keep Your Customers Late paying customers are a constant problem for many businesses. When invoices are paid late it affects cash flow, and chasing the slow payers can waste a lot of time. It can also be frustrating to hear the same delaying...
Improve Cash Flow and Enhance Working Capital With These Strategies The working capital of a business is the cash available to spend immediately. In accounting terms, working capital is defined as the current assets, less the current liabilities. If you have negative...
5 Strategies to Lessen Your Financial Problems Cash flow issues are a problem for many business owners. Even companies with steady clientele can run into this issue. Fortunately, there are ways to maintain control and keep operations running as usual. Here are five...
From Cutting Costs to Collecting on Payments, How to Survive an Economic Downturn Since the coronavirus outbreak, we’ve seen the sharpest economic contraction in modern history with a staggering 32.9% drop in the GDP. As a business owner, you may be suffering...
