As we approach the summer holiday season it would appear to be
an appropriate time to tackle potential problem areas with some effective
housekeeping.
One of the first areas for scrutiny is the level of inventory
which you are holding.
Make sure you are achieving the best level of stock turn and
that you are not carrying any obsolete stock.
Rather than be faced with a “fire sale” it may well be prudent
to lighten up now with some innovative marketing strategies.
How is your company’s cash position?
Despite their rhetoric the banks are still reluctant providers
of additional finance and this is particularly true in the case of SME’s.
Therefore it is an absolute priority to maintain positive
cash-flow and this can only be achieved by keeping debtors well managed and
under control.
Carrying out these simple but effective measures will ensure
that your company enters the latter months of 2014 in good order.
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