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  • Atricle Dump - How to Avoid Cashflow Problems

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    Cashflow problems are the main reason why more than 70% of UK businesses go under in their first year. Although this statistic is fairly shocking, the reassuring fact is that there is a lot that companies can do to manage their cashflow effectively.

    We have put together our top tips to help you avoid cashflow problems and become a business success story.

    1. Always run credit checks on companies that you do business with

    Many people forget or think that it’s not important to vet companies before doing business with them. However, doing so

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    this statistic is fairly shocking, the reassuring fact is that there is a lot that companies can do to manage their cashflow effectively.

    We have put together our top tips to help you avoid cashflow problems and become a business success story.

    1. Always run credit checks on companies that you do business with

    Many people forget or think that it’s not important to vet companies before doing business with them. However, doing s

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    eir cashflow effectively.

    We have put together our top tips to help you avoid cashflow problems and become a business success story.

    1. Always run credit checks on companies that you do business with

    Many people forget or think that it’s not important to vet companies before doing business with them. However, doing s

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    a business success story.

    1. Always run credit checks on companies that you do business with

    Many people forget or think that it’s not important to vet companies before doing business with them. However, doing s

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    eople forget or think that it’s not important to vet companies before doing business with them. However, doing so is an important method of avoiding cashflow related problems further down the road.

    If you have not checked up on a potential new client, you expose yourself to the risk of not being paid.

    There are a number of ways to run credit checks such as ordering an online credit rating from credit reference agencies or checking your potential customer’s payment record.

    2. Encourage prompt payment

    You will have to pay your suppli

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