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Credit is at the heart of every successful small business. Both accessing credit from suppliers and lenders and providing credit to customers are crucial small business management tools. Here you will find information on how to manage your own credit policies as well as how to figure out what credit products are right for your business.
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What to do when you can't pay all your creditors
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14 December, 2011 |
| During an economic downturn, liquidity problems often arise if sales or revenues lag before you have a chance to ratchet down expenses. So what do you do and how do you prioritise who to pay? Here are some simple rules to help you when you can't pay all your business creditors. |
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Five things to consider before applying for a loan
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09 December, 2011 |
| At some point in the life of a small business, it is inevitable that a loan is needed to inject additional funds for the sake of growth and expansion. It is crucial to understand how to go about securing a successful loan to avoid falling into a spiral of bad debt that can harm your cash flow cycle. Here are five steps you should consider before approaching a lender. |
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How to find the perfect small business loan
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17 November, 2011 |
| As a business owner it is easy to become overwhelmed by the types of lending tools available, but the good news is there is probably a loan that meets your specific business needs. By matching up the type of loan to the asset being financed, you can ensure that the loan you choose is appropriate to the business need you are trying to meet. |
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How to prepare a successful financial presentation for lenders
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09 November, 2011 |
| In the post-GFC world of business credit, small businesses must be extra diligent when preparing their loan requests, particularly when banks have tightened their underwriting standards. Here's how you can prepare a financial presentation for your lender in order to successfully secure business financing. |
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Five phrases to use with your credit provider
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04 November, 2011 |
| It is inevitable that businesses will experience a downturn at some point of time, but it is important not to portray your company in a negative light to your credit provider. You should always choose your words carefully when in consultations with your banker- here are five phrases to use when times are tough.. |
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The perils of personal finance and new enterprise
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28 October, 2011 |
| Entrepreneurs often have bright ideas that may be key to growing their business or starting up a new one. This idea may offer a perfect solution at first but if you finance your company with your personal credit, this can be a recipe for disaster. Read on to find out how you can avoid this mistake. |
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Using an intermediary to raise money from investors
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21 October, 2011 |
| Raising even a small amount of money from investors can take months of effort and hundreds of meetings. Fortunately, fundraising is not something you have to do alone. A reputable fundraising intermediary will likely speed up the process, reduce your risk and get a better deal for you, all while you are diligently running your business. |
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Quality checking your customers
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14.10.2011 , |
| Selecting the right type of customer is crucial to ensure small business survival. Conducting routine credit checks on your customers before entering into a trade credit agreement is one of the best preemptive cash flow management strategies. In many industries, the question isn't whether you will grant trade credit to your customers, it is how you will go about doing it. |
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Maximising AMEX membership Rewards for your business
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07 October, 2011 |
| American Express credit cards are known for being generous with their rewards program and with its increased uptake by many merchants, can help you manage your cash flow and business travel expenses. In Part 4 of the credit card series, Timothy Ng explains the benefits of the AMEX credit card for your small business and how they can be redeemed. |
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Using credit cards responsibly in your business
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30 September, 2011 |
| Proper use of a business credit card can improve your firm's book keeping habits and reduce the amount of time spent on dull and dreary paper work that could be better allocated to the more productive aspects of your business. However, there are a few things to keep in mind when using a business credit card and Timothy Ng from Credit Card Finder has the details. |
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