Tips for maximising business cash flow

Tips for maximising business cash flow

The ability to manage cash flow is a critical tool for business owners. Incorporate the following cash flow tricks to keep the money coming in and the business running smoothly. Make payment easy One of the easiest ways to make sure cash flow remains consistent is to make methods of payment easy. When a business…

Cash flow tips to improve your business

Cash flow tips to improve your business

Poor cash flow is one of the biggest reasons why small businesses fail. A healthy cash flow allows you to operate your business free of hassle; allowing you to pay your staff and bills on time. Having enough working capital to meet your business’ needs can help you stay out of debt and in business.…

Making your money stretch further

Making your money stretch further

If improving your finances is on your resolutions list for 2018, you may be searching for ways to make your money work smarter for you. Fortunately, a few simple changes can see you reach your financial goals faster. Here are three strategies to make your money stretch out further: Seek out better deals Have you…

Money resolutions for the New Year

Money resolutions for the New Year

Many start the New Year with an optimistic list of resolutions. Not meeting those resolutions many months later is all so familiar too, especially when it comes to financial goals. Setting unrealistic goals is a surefire way to halter your progress. Instead, focus on creating an achievable plan to tackle your goals with small steps…

Getting out of small business debt

Getting out of small business debt

Managing debt in your small business is essential to maintaining the financial health of your business as well as preventing bankruptcy. Consider the following tips to ensure your small business debts do not spiral out of control: Reshuffle or remove expenses Reviewing your expenses is one of the first steps to take when tackling debt.…

Chasing up payments from slow customers

Chasing up payments from slow customers

Following up on customers that don’t pay their bills is a nuisance, but unfortunately, it is part of running a business. There are ways you can protect your business and take action should a customer fail to pay you. Consider the following: Clear terms and conditions Outlining payment protocol on terms and conditions, and going…

Make your credit card work for you

Make your credit card work for you

Not keeping track of your credit balance can be a hard but an important lesson many individuals can learn from. Thanks to interest and fees, many individuals may pay for more things than they care to admit. And with easily available credit cards on the rise, it is easy to fall in the trap where…

Getting customers to settle debts

Getting customers to settle debts

Good credit management is an important business strategy to maintain cash flow and stable finances. A cornerstone of managing credit is not only making sure an invoice gets paid, but gets paid on time. Before a debt recovery process commences (which may delay payment further and damage a relationship with a customer), it is worthwhile…

Financial considerations for students

Financial considerations for students

Managing money on a student budget can be challenging but it does not have to be burdensome. With the right financial skills and knowledge, you can learn to manage your money more effectively while saving a few extra dollars. Here are three considerations for students: Creating a realistic budget Between paying for basic living expenses…

Benefits and risks of joint accounts

Benefits and risks of joint accounts

Joint accounts can be a great financial tool, but they can also be the source of conflict for partnerships. Before setting up a joint account, consider the following pros and cons to ensure you are both experiencing mutual benefits and avoiding unnecessary conflict. Benefits / pros – Joint accounts are great for individuals with shared…