No matter how cynical we are, the New Year is a time to reflect and hope that things will be different, somehow better, this year. So how do you change the game? How can you be more effective this year?
If you want to manage your time better and be more effective in 2018, you would be well advised to begin by doing these two things.
To help spread the good word about the financial reality of running a business, here are five top tips about cash flow.
Trust is a cornerstone of business. A key of leadership is Surrounding Yourself With People You Can Trust. Whom do you trust when making those big decisions?
A contracting business was recently referred to Interface Wellington by their Bank. The business was newly established and had made good progress in securing contracts but was struggling with cash flow while they waited for payment of customer invoices.
Criticism can be hard to take. Whether the criticism is fair or unfair it's going to hurt, particularly when you're putting yourself out there or trying to accomplish a goal. Here are 5 tips to cope with uninvited criticism.
The point of an elevator speech in a one-on-one situation is not to sell your products or services but to introduce yourself, establish context and sell yourself as somebody worth getting to know.
The flexible nature of Interface's invoice discounting service could be the solution for businesses in need of short term assistance over the Xmas and New Year holiday period.
Effective systems can save you and your team both time and money. By 'system', we're not talking about computer systems and software. These systems are the 'tasks' that are required to run a business.
Interface was approached by a bank to assist with one of their clients who needed urgent funding. The client had only been operating since the start of the year but had grown quickly and was working on multiple large projects.
Healthy cash flow is a never ending issue for SMEs. Many businesses are being forced to wait at least a month beyond their agreed invoice terms before getting paid. Learn about how spot factoring works.
It goes without saying that referrals are the most valuable source of income for any small business, but just in case you have your doubts, Nielsen tells us that people are four times more likely to buy when referred by a friend. So how do you get more referrals?
It's the end of the day, and as your mind looks back over it you find yourself struggling to think of anything meaningful that actually got done. Come to think of it, the same applies to the day before, and the day before that sound familiar?
Here are some simple steps you can take to reduce the chances of late customer payments happening to your business and getting any outstanding accounts cleared.
Interface Wellington recently assisted a construction business experiencing cash flow issues arising from a change in customer payment terms due to the business changing from domestic work to larger commercial contracts.
There is a new body of thinking which is suggesting that time management and efficiency is really a question of personal energy. "At the end of the day" as former Prime Minister John Key is fond of saying, there are only 24 hours in every cycle.
Cold calling is stressful, referrals depend on the actions of other people, and nobody reads ads anymore. So how do you grow your business when your options seem so limited? The answer is email prospecting. Pause, a moment before you dismiss the idea, and think about this.
Networking is about identifying people with whom you can have a mutually beneficial relationship over many, many years. The first step, however, is to determine what you have to offer the people in your referral network, not what you can get from them.
Interface was approached by a company undertaking a business restructure which included the refinancing of working capital facilities. Unexpectedly, the financier withdrew their working capital facility with immediate effect and the company was faced with the prospect of being unable to pay wages in 3 days time.
Knowing a lot of people is not the same as networking because good business networking is not a numbers game. When it comes to successful networking, small believe it or not is best.
Get started with a free consultation. We're happy to discuss your funding needs without cost or obligation.