mybusiness.ie

Cash is drying up, customers are slow to pay, suppliers are quick to chase, your bank manager is avoiding your calls, (or worse, has started calling you!), customers have stopped placing orders and staff are jittery. Something needs to be done to avoid a more serious problem, but where do you start? Here are the 8 key steps to start your business turnaround.

The fact is that many profitable businesses fail due to poor cash flow while even unprofitable businesses can be kept going for long periods with good cash flow management. Here are my top 8 tips for good cash flow management in your business.

Dealing with banks in a recession is no different to dealing with them in good times, only in a recession there is less room for error. The business proposition, the loan application and the resulting financial performance have to be absolutely convincing. Remember that banks still need to lend, after all, that is how they make money, but with limited funds available, banks will focus on the good and the great businesses and not the merely average ones! So what should you do to get your bank to say yes?

Some of the most difficult business situations I have encountered have been where business partnerships have gone wrong. Here are my top tips for an effective partnership.

Far too often I come across business websites that just don’t work. Often these websites have been put together at a high cost and a significant effort but fall short due because the business owner doesn’t understand...

Keeping staff motivated is a challenge for many business owners, never more so than when things are tight. But there are practical steps that business owners can take to keep staff motivated without costing a packet.

Business owners spend millions of euro every year on advertising and promoting their products and services but very often they don’t take the time to consider how advertising works. Here's how you can get the most from your next leaflet or poster, letter or email, newspaper or magazine advertisement.

Taking stands at trade shows and exhibitions can be a very effective way to promote your business but while many business owners make the big investment, they forget the little things that make the big difference. Here are my top tips to get the most from your next trade show or exhibition.