10 Ways to Kick Start Your Cash Flow

Written by June Campbell


Continued from page 1

6. Factor Your Accounts Receivable. Sometimes known as "invoice discounting," factoring isrepparttar selling of your invoices (accounts receivable) for cash, instead of waiting 30-60 days to be paid by your customers. Businesses of all sizes use this tool -- which is available through various specialized financial institutions. The funder buys your receivables at a discount -- leaving you with enhanced cash flow. Not all invoices will be appropriate for factoring. The customer must be a low credit risk, there must be evidence ofrepparttar 106873 transactions (such as a signed delivery waybill) andrepparttar 106874 customer must verify thatrepparttar 106875 debt is owed.

7. Equipment Sale Leasebacks. You can use equipment that you already own to secure financing. By transferring equipment assets onto an equipment lease, you can recover up to 100% ofrepparttar 106876 equipment's value. The equipment remains in your own premises and you can continue to use it. You must ownrepparttar 106877 equipment free and clear to go this route.

8. Ask Suppliers for Credit. Or, ask them to extend your credit. Another possibility is to discuss loan or consignment shipments from your suppliers.

9. Stop Producing Dated and Low Profit Items. Stick with your core product until sales improve.

10. Cut Back on Stock or Inventory. Ask suppliers to buy back stock at cost. You will have to allow them an administrative fee. Order supplies or inventory on an "as needed" basis. Alternatively, you could contact other small businesses that stockrepparttar 106878 same inventory as you do and discussrepparttar 106879 possibility of bulk purchasing.

June Campbell How to Write Business Plans, Business Proposals, JV Contracts,Human Resource Package, More! No-cost ebook "Beginners Guide to Ecommerce". Business Writing by Nightcats Multimedia Productions http://www.nightcats.com


HOW TO REVERSE A "SLUMP" IN BUSINESS -- FAST

Written by Bob Leduc


Continued from page 1

WHEN THERE IS NO OBVIOUS CAUSE FOR THE SLUMP

When a slump doesn't have an obvious cause, it's what I call a "normal" business slump. I've foundrepparttar best way to overcome a normal business slump is to take immediate action to develop additional business fast. The additional business supplementsrepparttar 106872 current light flow of business and eliminatesrepparttar 106873 impact ofrepparttar 106874 slump.

Here are 4 actions I take immediately when I realize I'm in a slump. You can implement these same 4 actions in your business to reverserepparttar 106875 effects of a business slump.

1. Develop a special offer for existing customers/clients. Use a short deadline so they must take immediate action or forfeitrepparttar 106876 special offer. Advise them ofrepparttar 106877 special offer using a fast but inexpensive method of communication such as email, faxes, postcards or even phone calls.

2. Advise your recent prospects who did not take buying action ofrepparttar 106878 same special offer. Userepparttar 106879 same fast, inexpensive methods of communication listed above.

3. Call your best customers and ask for their help. Explain that business is slow and you want to userepparttar 106880 time to approach some potential new customers/clients. Ask them for referrals.

4. Temporarily increase advertising in media where it is seen immediately (or almost immediately). For example, website and ezine ads, newspaper ads, First Class direct mail or postcards, radio spots, etc.

Business slumps can be beneficial. Sometimes a temporary action you take to reverse a slump is so effective you decide to continue it after recovering fromrepparttar 106881 slump. The result is a permanent increase in your volume of business.

Bob Leduc retired from a 30 year career of recruiting sales personnel and developing sales leads. For more information... mailto:BobLeduc@aol.com. Phone: (702) 658-1707 (After 10 AM Pacific time) Or write: Bob Leduc, PO Box 33628, Las Vegas, NV 89133


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