So how can you prevent this downward spiral from happening to your business?

Cut Costs...Click here for our expert guide to cost cutting and our TOP TWENTY COST SAVING TIPS.........

Manage Debtors.. see our advice here for improving debtor management and also learn how to deal with the old excuses like "the cheque's in the post"

Manage Cash... Do you know what cash is due in, what is due out today, or tomorrow or next week? click here to go to our shop for our £27 daily cashflow model.

Using this site we can help you solve a lot of these problems, but there are no real magic wands, a lot of self help is also required! 

With regards to debtors, its your money, so make sure you chase it in hard every time. Set up a debt collection policy, make sure someone is responsible for chasing debt every day. Send your trading policy it to all customers, tell them our terms of trade are (say) 30 days. Then call them 14 days before payment is due and ask if everything is ok with most recent deliveries or invoices. If they have a problem see if it can be resolved. if not they must pay in due terms

Costs analysis; understanding costs, controlling costs. You know it's amazing how many times we go into a company and ask about costs. "Oh, they're under control, we cannot cut any more". We ALWAYS find waste. So look at all items of expenditure.

Cashflow forecasts – 90 day daily; annual forecasts- run them religiously; KNOW where your cash is every day.

Ok, what can I do if I already have a serious cash flow problem?

Get help! Call us now 0800 9700 539 or 01289 309431 or use this site in detail and learn as much as you can about the options available.

© CompanyRescue Ltd 2008