1. Look at our Improving your Profits page to identify which profit drivers and strategies
could have the most impact on your business. Estimate the financial impact of working
on these strategies. Ask us how to use ‘Success Driver Mapping’ to evaluate and improve
your sales pipeline. Ask us for a free copy of Simple Stuff That Works Module 1 for
tested growth ideas.
2. Look at our 43 ways to get PAID page and use the checklist to help you review
your debt collection terms and systems. Consider standing orders and direct debits
as an alternative way of collecting cash.
How to Increase Cash Flow:
Many profitable businesses have failed because they simply could not get their hands
on ready cash...
If you’d like help with any of the suggestions here, just give us a call 01433 630902
and how to tap into them:
6. Ask us to run a ‘Key Improvement Possibilities report on your tax position, or
about our Remuneration Tax planning & Corporation Tax planning services.
7. Ask us to send you a free copy of our TaxAbility checklist so we can review your
position and see where you may have overpaid.
} Not generally a course of action to be rushed into. You will usually get a better
deal when negotiating with investors when things are going well rather than when
you are facing difficulties, since the more successful you are, the more they will
pay you for the same stake in your business. If you need help in establishing a commercial
value for your business get in touch
Where to start...
3. Use less
4. Pay less for it
5. Pay more slowly
1. Earn More
2. Get Paid Sooner
3. Review your operating procedures to eliminate waste and economise on consumption.
BUT ensure that you maintain good relationships with suppliers or you may find problems
AND REMEMBER: Even in an ideal world costs can only be reduced by 100%, whereas sales
can be increased by much more than 100%. Use sections 6, 7 and 8 of our How to Improve
Profits page to identify which profit drivers and strategies could have the greatest
impact on your costs.
6. Pay less tax
7. Tax refunds
10. Asset Finance
12. Other lenders
} Renegotiate rates. Explore alternative types of the same kind of finance. Explore
new types of finance not currently used. Factoring is borrowing secured on your debtors
- this is not for everyone and can be expensive.
If you need help working out the best options for you, get in touch.
13. Existing Investors
14. New Investors
Assets & Investments
15. Increase value of assets
16. Increase return
17. Exploit ‘under-used’
18. Dispose of assets
} Switch to alternatives with higher interest rates, dividends and other income flows.
Switch to alternatives that pay income more quickly. Switch to alternatives with
higher capital growth so that you can subsequently convert some of the capital into
cash. Identify unused assets, hidden assets such as intellectual property, and assets
where the value to someone else is higher than their value to you - and explore ways
to turn them into cash (such as rental income, licence fees and royalties). Consider
which assets to dispose of, taking the tax position into account. Need help with
this? Call us on 01433 630902.
20. Other family members
} Usually this should be regarded as a last resort. It is not sustainable, it is
rarely the solution, and it often causes even bigger problems. So exhaust every other
possibility first! (Exception: Inheritance Tax Planning for the generation above
can often help you to get more cash from the family estate.
If you want help with Inheritance Tax Planning, get in touch
The following can also help in many of the above areas:
Cash flow Forecasting to help you predict and plan for peaks and troughs - call us
to find out about this service 01433 630902
Our One Page Performance Improvement Plan is part of the Benchmark program and reveals
your strengths & weaknesses
The Key Improvement Possibilities diagnostic report will explore your key business
options and creating your Personal Balance Sheet will help identify the personal
options. Have a look at our OnTrack program to find out more