The US Thanksgiving holiday is not only a time for us to reflect on the blessings in our lives, but it’s a perfect reminder for us to take stock of our accomplishments.
Customers do not pay for what they have not yet been billed. Although many owners believe they have efficient billing procedures our experience is that delayed discounted cash flow billing is a primary cause of poor cash flow. You cannot bill soon enough!
Tip No 4 – Build a cash flow forecast and use it as a basic business tool. Know when the money should come in, when it is likely to come in, and when you will have to pay it out. A cash flow forecast is different to a budget as it is constantly updated for your latest expectations – it doesn’t sit in your top drawer gathering dust. Knowledge is power as it will help you prepare for the inevitable cash shortfalls.
Many people, who join professional or social networks for the first time, make a lot of mistakes along the way (just as I did). But don’t despair, this is perfectly normal; and there is hope for you. What can help you to cultivate your networking skills? Making a self-evaluation, to see what kind of networker you are, then look for ways to make continuous improvement.
Talking to your banker before you need money will provide you a better working relationship and better rates. If you need assistance in developing a cash flow budget or if you would like us to introduce you to a banker who understands cash flow, call us today.
These are the questions that will get to the heart of who you are, who you want to be, how you want to be recognized and found. If you have already built a messaging hierarchy, that will be an essential part of website optimization. If you’ve already invested in outstanding marketing materials, repurpose them (and their messages and images) to the website.
Tip No 6 – Give customers as many options for payment as possible and emphasise your preference for electronic payment such as direct debit which have less processing fees than credit cards and go straight into your account.
6) If possible, draw on experienced people in the recruiting industry. There are many forms of compensation plans and different structures to consider. Be open to working with others who have the potential to get your business up and going.