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By Ed Pearson Cashflow, rarely understood or explained in a sentence (and sorry to disappoint but I won’t try in this blog either) but every business relies on healthy cashflow in their accounts. Are you financially fit enough to meet the cashflow demands on your business? Here’s a few pointers to make sure you allow cashflow to be maximised in your business: 1. Sharpen your billing process make sure you bill debtors promptly, ask creditors to extend their terms to you and offer incentives for invoiced clients if they pay you promptly. Maybe consider a percentage reduction for early payment. For longer, ongoing jobs you should always discuss the dates and amounts for payment beforehand. 2. Focus on your market expertise it can be difficult to stock and track lots of small numbers of items. If you are stuck with stock then it isn’t producing returns for your business. So get rid as quickly as possible and then concentrate on your mainstream market. 3. Use credit reference agencies do check that your clients are going to be able to pay you back. The best deals in business can sometimes be the ones you walk away from! 4. Restructure your finance I often wonder how even small businesses can often have 4 or 5 lenders for cars, assets, funding etc. A review of your current situation from an independent adviser may create a saving without affecting your ability to deliver. 5. Cut your overhead costs now I don’t mean staff, I mean the everyday items that you use day in day out; telephones, stationery, electricity, waste, packaging, gas….. If you save 10,000 on your bottom line in a year and you have a 20% profit margin then that’s the equivalent of putting in an extra 50,000 of sales without the same inherent risks. 6. When all else fails if the above still won’t be enough to stop the worry of cashflow in your business, if things seem tougher than they ought to be then talk to somebody who understands insolvency. You’ll be amazed at what is available to help small business rise up again. Call Debt Dr for a chat over a coffee. Ed Pearson is a Debt Dr offering debt help and advice to individuals and small businesses across the UK. He can be reached in confidence on 07970 659266 or e-mail on ep@debtDr.co.uk. http://www.debtDr.co.uk ‘Prescribing a life without debt’ Whilst you may love the stuff he writes, you should only ever take action once you have considered your own set of financial circumstances with a professional. This article does not constitute financial advice. Why not take ‘The Debt Quiz’ here: http://www.advice4debt.co.uk/debtquiz.htm Article Source: http://EzineArticles.com/?expert=Ed_Pearson http://EzineArticles.com/?6-Steps-To-Make-Sure-Your-Cashflow-Is-King&id=419940 ultram buy tramadol online ultram pain killers no prescription next day delivery tramadol prescription drug ultram cheap online pharmacy tramadol