Even More Ways To Improve Cash Flow For Small Business

Written by Steve Winduss on December 11, 2008 – 10:18 am -

As the recession becomes ever more real, how to improve cash flow progressively dominates our business thoughts. Small Business Voodoo is playing its part by providing you with even more ways to improve cash flow for your small business.

Before you dig in, check up on 10 Ways To Improve Your Cash Flow and Another 10 Ways To Improve Your Cash Flow.

OK, let’s go.

21. Cut overheads – Recheck all overhead costs with a fine tooth comb. There is always something that can be stripped out of costs.

22. Combat seasonality by diversifying – Diageo, owners of the great British summer drink Pimm’s, launched Winter Pimm’s to address seasonality. Breweries produce lagers and light ales for the summer, stouts and porters for the winter. Walls ice creams were joined by Walls sausages. Greetings card makers celebrate all year round. Christmas Day, Birthdays, Mother’s day, Father’s Day, Auntie Edna’s Day.  Small business can always develop off season related products to smooth out the revenue curve, improve cash flow and keep the business clockwork well oiled all year round. Read more »


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Another 10 Ways To Improve Your Cash Flow

Written by Steve Winduss on November 28, 2008 – 1:05 am -

No matter how many times you revisit, you will always find new ways to improve your cash flow.

Before you digest the following cash flow suggestions, have a quick reminder of the first 10 cash flow recommendations.

OK, so here are the next 10 ways to improve your cash flow:

11. Trim inventory – Speak to your suppliers and ensure that you have the best ‘just-in-time’ service in place. Recheck inventory control systems to ensure you are holding the absolute bare minimum inventory. Reinforce with regular manual checks.

12. Trim stock holdings – Similar to inventory, recheck current sales levels against stock holding. Consider sidelining slow moving lines.

13. Renegotiate payment terms with suppliers – Unless you are negotiator of the year, there is always a little bit of slack to be reigned in with your suppliers, Read more »


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10 Ways To Improve Your Cash Flow

Written by Steve Winduss on November 19, 2008 – 8:14 pm -

Don’t wait for a recession to bite.  Constantly seek ways to improve your cash flow as part of your ongoing business systems.

I have listed 10 ways to improve your cash flow, all of which can be easily actioned.  Some will be obvious to you, some you may not have considered. It makes no difference as such information bears repeating.

1. Chase overdue invoices – Don’t drift, chase the day after they are due. Don’t be afraid to ask for payment, it’s your money after all. You’ve kept to your side of the agreement. It’s now their turn to stick to theirs.

2. Invoice accurately – Apparent errors on the invoice provides one of the most common excuses for paying bills late.  So take away the temptation and get your invoicing right first time.

3. Send out invoices promptly – It is important to Read more »


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