There is that Autumn Nip in the Air in the mornings. The rush hour has become worse as the children start school. It is dark by 8.15. Daddy long legs whoosh through open doors at night time. The Summer is officially over!
For most of our clients this is good news. This seems to have been the longest summer ever.
And,it is only 3 months to what will no doubt be the longest Christmas ever. The recession does not appear to be having an adverse effect on the holiday industry!
These next 3 months therefore present a window of opportunity for our clients to really “make it happen”. This is how we can help you over the coming months;
- Ban late payments from your business. Your ts and cs must say when you expect to be paid, and what happens if there is late payment. The banks are not lending money, so why should you? If you do, make payment of a heightened rate of interest the rule, not the exception.
- Customers who pay late, or who do not pay at all are not customers! Know when to threaten to liquidate. It works.
- Look after your employees.They are your business. Do they have up to date contacts? Can they poach customers or staff if they leave. If they are thinking of opportunities when they leave, they are not serving your business properly. Now is the time to reward and secure buy in.
- Look after yourself as owner of the business. Do you have a shareholders agreement? Now is the time to put one in place.
- Your business will not go anywhere between now and December without a plan. Do not be cynical about the power of planning. In our experience business which proactively plan for success achieve success.
- Review your professional advisers. Do they know where your business is heading? If not, how can they provide you with the advice you need. We can help put a team of advisers together who understand the needs of your business and will advise in real context.
For more information contact Michael Lister on 0161 926 9969.
