top tips for SURVIVING the CREDIT crunch
Reduce Costs - Don't spend where you don't need to.
Cut down the business trips - Send an email or phone.
Check how you can reduce bills - Turn off equipment that is not being used.
Watch your cash flow - Chase up the debtors and send out invoiced promptly, keep an eye on stock levels.
Check out the credit worthiness of new customers (and old ones).
Look after existing customers - Make sure they know you value them.
Do that bit extra with your customer service - Help people out where you can, it doesn't have to cost a lot.
Promote your best selling products and services - The ones that make you money.
Reduce borrowing - Remember the banks are having a hard time too, most are not in a position to do any favours just now.
Streamline operations - Reduce where you can but be prudent, don't forget when things get better you want to be in a position to take advantage.
Go Online - You get massive exposure at a fraction of the cost of traditional advertising with an effective online presence that gets your message across.
Check out the green options - Technology is moving on, investing in equipment that is environmentally friendly can get you valuable grants - save cash and the planet.
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