by smartcompany.com.au Experts & Entrepreneurs

It’s the one point on which every business owner can agree – in this downturn, cashflow is the key to survival. As economic growth has slowed and spending has slowed, small and mediumsized businesses have been forced to focus more and more on cashflow – carefully forecasting

their cash position, adjusting their payment terms and, of course, hassling debtors to pay their bills. In the following eBook, SmartCompany’s team of experts and entrepreneurs provide advice and tips on cashflow planning and effective budgeting, on how to construct solid contracts and set supply terms, and on ways you can encourage early payment with the clever use of discounts and incentives.

You’ll also find a wealth of information on chasing up those late payers. You’ll learn how to hassle, when to call in the lawyers and how you can exert pressure to ensure your bills get paid.

You’ll learn about the importance of obtaining director’s guarantees, the use of debt collectors and when and how you can charge interest and late payment penalties.

Cashflow management is hard work. It takes vigilance, persistence and even some outside help to make sure you get paid. But remember, there is only so much cash to go around right now and it’s crucial to make sure your voice is heard. We hope these 20 cashflow answers help you keep that cash rolling.
 
Enjoy!
Debra

20 Cashflow Questions Answered (994 KB)