Chris Fry Fd

Success is simply a matter of luck...

Are you a winner?

I’m launching a new blog in the New Year. It will be focussed on small business financial management; everything from setting up basic systems to make keeping your books easy, through the key principles you need to understand to keep control of your business finances and on to ensuring your business is as profitable as it can be and generating cash for you, the owner.
Now I’m well aware that business finance isn’t as sexy as funnel building, the latest list building strategi...es, product launches or marketing automation technology. But we all know we should be doing it, right? And deep down you know that to get the most out of your business you need to have this under control.
So, would you help me to help you by completing a brief survey? It should only take about 3 minutes and will help me to ensure that my new blog is as relevant to you, and other business owners, as possible.
Here’s the link: https://www.surveymonkey.co.uk/r/HPHF33R< br> Thank you so much. I really appreciate your support.
PS: this is the first time I’ve used SurveyMonkey. If there are any problems accessing or completing the survey will you please let me know? Thanks.
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There’s a lot of wisdom in this. Do you agree?

One of the easiest and quickest things you can do to immediately improve your cash flow is to make sure that you invoice your customers promptly.
Many struggling small businesses are just 'too busy' to invoice their customers.
But, if you’re short of cash you need your customers to pay you.
... And it should be obvious that they’re not going to do that until they’ve got an invoice from you.
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Signing up with a reputable credit referencing agency could be the best money you've ever spent especially if you've experienced bad debts in the past and/or you operate in an industry where bad debts are an occupational hazard. Of course you then have to follow their guidelines.
I have lost count of the number of 'difficult' conversations I have had with clients over this: "but it's a huge contract", "we really need the business", "we've built in a really good margin" I've ...heard them all.
Take it from me a huge contract that doesn't pay is just a huge hole in your bank account. You really don't need any business unless you can be certain of payment and as for that "really good margin"? You'll never get to enjoy it if the customer goes bust first.
In these situations you have 4 options:
i. Decline the business, ii. Insist on payment up front in full, iii. Insist on stage payments in advance to ensure your costs are always covered before you've incurred them, or iv. Allow credit but only to the recommended level.
The last 2 options will both require some monitoring at your end to ensure you're not getting over-exposed to a credit risk.
But, believe me, one of the quickest ways to put yourself out of business is to take on too many customers who never pay you.
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What would be possible if the people around you REFUSED to let you fail. How strong is your team?

I'm thinking about running a FREE 5 day on-line bootcamp for business owners to show you how to get your business to produce a cash surplus, consistently. And why more sales is often NOT the answer (at least to start with!)
If this is something that would interest you please like this post or comment below. If there's enough interest I'll make it happen.

A must read in my opinion. The good news? It’s not rocket science!

Looking for some insight into Google adwords? This looks like a pretty comprehensive resource...

There’s always so much to do. But not all of it will help you reach your goals.
What’s one thing you can commit to achieve this week?

Raising capital for your start-up is one of the most difficult yet most important parts of being an entrepreneur. While not every entrepreneur will be in need of investors, every startup looking to raise money will need them...

If you've ever wondered what it takes to grow a business successfully the answer is surprisingly simple... And you can get the details in this workshop which I'm running next week.

US-biased, but a useful list of #business books to download for next to nothing http://ow.ly/BLik1 #SME #startups

All #SME owners want more revenue in their business - here's the 4 ways to do it http://ow.ly/Bv7dk #B2B #B2C