August 2007
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Day August 24, 2007

Cost Cutting for Small Business – Payment Terms

There are two ways to get better payment terms from your suppliers - make sure you know what the pricing is and negotiate the payment terms last, without warning. Most businesses do not expect small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses to negotiate payment terms, so you have the element of surprise on your side - and it makes you look more professional.Firstly there is the extended payment term, of 60, 90 and 180 days - see if your supplier will allow any of those terms.

Small Business Failure – Reason: Cash-Flow

Check your cash-flow each time before you make a bigger purchase or hire staff which is not in the plan, you will quiet easily see if you can afford to do it or not.How much reserves does my business have?... On those terms you should get an overdraft, even if you do not need it, so if something unexpected happens you got the cash-flow reserve.The importance of your cash-flow situation can not be overestimated, as long as you can pay your bills you are in business - as the saying goes: Cash Is King!You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Say something profound today.

If you can't think of something to say, don't worry - how about this: Based on structural considerations, our physical distribution strategy broaden our horizons tpwards our platform robustness - or this -In the final analysis, performance-based positioning energizes 24/7 architectures.These examples and 40 million more are generated on the MBA Writer web-site by Mike Shor (Humor), he writes:Automatically generate sentences ready for inclusion into your business memos without all of the thinking!!Here you go b*** s*** at the press of a button, you can use it in your memos, emails (or not) it will impress the readers - as long as they don't come back and ask you what that means.

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