How to protect your business's cash, step by step
Is your business seeing its cash shrink day after day? Are your bank balances draining with nothing coming in, and you're not sure what to do about it? We have put together this ebook, free to download, with a set of tips to strengthen your company's cash position when times are hardest.
What you will find in this guide
Optimising costs
The first step is knowing which costs are essential and which are not. We explain how to ease cash pressure by cutting and optimising what you pay out.
Managing clients
One of the most important parts of your cash forecast is having income figures that are as realistic as possible, and that means talking to your clients and negotiating payment terms.
Supplier relationships
Ask your suppliers about their situation and work out whether there is a risk they cannot keep trading, so you always have a plan B ready.
Your banking position
If you have not already, talk to your bank — and others, to compare terms — about credit facilities, an overdraft or an interest-bearing account.