Often a reduction in interest charges as well as significant cashflow improvements can be achieved with a regular review of existing debt. A good place to start is to list all bank loans, mortgages, finance company loans, hire purchases, credit card debts, and any other debts (don’t include amounts owed to suppliers in this list). […]
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If you’re looking for new work, follow this very simple model; not only will you get more clients for way less marketing spend; you’ll be improving service to existing customers too. Many business owners spend way too much money trying to generate new leads by trying to connect with suspects. If you want to […]
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The simplest and most cost effective way to grow your business is so often overlooked; happy customers become your strongest advocates, they talk to their friends and associates and refer them to you. What do you do to delight your customers? Try some of these ideas or, better still come up with 10 more ideas […]
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Do you want to know how to write a winning proposal? If your business relies on you sending quotes or proposals follow these 9 simple steps*: Situation appraisal – outline briefly why the project is needed. Not chapter and verse – less is more here – one or two sentences. Objectives – 4 or 5 […]
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Carrying stock for too long means full shelves but an empty bank account. Similarly, if you’re a service provider and are taking forever to bill for your services, then you’re carrying too much stock in the form of work in progress. Consider that work in progress as a form of virtual stock. You can calculate […]
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This isn’t typically a place where you will find a lot of wastage. Our experience is that business owners are very careful about managing their expenses, and the smaller the business is, the truer that statement is. Having said that, as a business grows, so do the layers of hierarchy. Management control can deteriorate, and […]
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