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Funding a business
Simple ways to increase your business finance
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[QUOTE="Peppul, post: 78545, member: 27039"] 1. Change operating procedures. You need to generate more sales while reducing expenses. To increase your sales, try cross selling offering new services or goods that complement your current offerings. 2. Stay visible and connected. Accreditations, licenses and certifications for your business or individual employees can set you apart from your competition. 3. Maximize your cash flow. One of the best way to achieve a stable cash flow is to offer pre paid retainers or ongoing payment plans for your clients. 4. Streamline management costs. How efficient are your employees? How many customer leads do you get? How much are you owed in accounts receivable? Create a system for employees to access and add data, keep all information updated and synchronized and be sure to build in back office administrative times into your project fees, hourly rates or ongoing charges. 5. Raise the marketing bar. 6. Make everyone a salesperson. [/QUOTE]
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