The
summer holiday season is now behind us and as businesses start gearing up
again, a general sense of reality will start to take its place.
The
signs are that the last quarter of 2013 will be a challenging time for business
as consumer’s further reign in their spending.
Without
doubt now is the time to tackle potential problem areas with some effective
housekeeping.
How
much inventory are you carrying?
Rather
than face a “fire sale” it may well be prudent to lighten up now with some
innovative marketing strategies.
How
is your cash position?
With
the backdrop surrounding financial institutions and Governments alike, don’t
expect the Banks to readily provide additional finance- it is an absolute
priority to maintain positive cash-flow and this can only be achieved by
keeping debtors under control.
Undoubtedly,
the casualty rate will climb as we head towards the end of 2013 so make sure
your business doesn’t become part of these statistics.
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