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5 top tips for small businesses to keep on top of their finances

One of the most, if not the most, important aspects of running a successful business is keeping on top of your finances. Small or start-up businesses often need employees to have multiple responsibilities and keeping track of finances can be hard to juggle on top of everything else.

Thankfully there's plenty of tools out there to help with this, making it easier than ever to keep on track. Here's a few suggestions to get you started.

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5 hacks to get paid quicker by your large customers

It's a huge day when you win your first big customer contract - and certainly one to celebrate! However, bigger organisations, come with bigger considerations that you need to be aware of.  You should be prepared for dealing with big departments, rather than your original contacts and being presented with a standard terms of business to sign - which is usually non-negotiable.

The news might also come that you won't get paid for 3 months or even longer if you have to do the work first. It's not uncommon for larger customers to insist on 60-120 day payment terms. Sometimes there's nothing you can do but accept the terms, however there are a few things you can do to soften the impact and here they are!

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Tools to revolutionise your business operations that cost less than you think.

Whether you run a large or small business, good communication and effective collaboration is key to keeping the cogs turning and things moving in the right direction. Getting simple components right can have a big impact on productivity, revenue generation and staff morale, get them wrong and things can slip, mistakes can be made resulting in an unhappy and struggling business.

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