Cash flow

Effective cash flow management is crucial. The business cliché is true: turnover is vanity; profit is sanity; cash is reality. But what does it mean?

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Controlling credit

Every year, thousands of start-up businesses go bust. Many are profitable but are owed money by customers and are eventually forced to cease trading.

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How to draw up a budget

Checklist on making a budget: involve employees who are responsible for the budget or who have information which will help you prepare forecasts.

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Q&A: Key performance indicators

Emma Warren of business development services provider Portfolio Directors explains how key performance indicators can help small businesses.

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How to purchase effectively

Make purchasing part of business planning and budgeting and consider purchasing issues when developing products and planning production. Checklist.

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How to negotiate a purchase

Checklist on negotiation a purchase: Decide how much you want the deal; identify how much it is worth to you and what alternatives you have.

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How to make the most of your bank

Checklist on making the most of your bank: Find out which individuals you will deal with; meet them and aim to build a personal relationship.

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How to control costs

Cost control: Identify your major costs, such as staff, raw materials, premises, utilities, travel, transport, capital expenditure and financing.