How Watertight Are Your T&C’s?

I know what you’re thinking … . “what’s wrong with the standard/ad-hoc contractual loan/trade agreements already in place?” … But what if you’re thinking of customising your Terms and Conditions to better reflect what you would like to achieve with your End User? … Aren’t they covered by those standard Warranty and Indemnity clauses that form part and parcel of any standard terms under a contract? …. and don’t they already protect , together with the Termination clause, to give us better rights. Yes, of course. However, what if you need to implement some additional express performance clauses in your
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3 Tips on Going For Gold In 2019

Remember when you thought to yourself  “that’s it – I am going to go for it”? A bit like playing that 80’s Gameshow … Going for Gold. … What made you give up your job in the first place? … Or decide what to do with that inheritance / redundancy money / savings / funding? … What was it that helped you decide it was time to set up your business? Was it: To make a Difference To help those in Need To set up a Community Or were you just ‘Going for Gold’ One thing you should ask yourself
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How To Fund And Grow Your Business Idea

The banks are just not lending anymore, at least not in the vast numbers we hope they would. They’re especially reluctant to lend to those who are looking to start their own businesses, or grow their current business to another level. So, what can we do (or not do) to get our new business off the ground? Let’s take a look at some of the alternatives available to you. 1) Friends and Family Your closest friends and family usually want to see you succeed and could help get you up and running. They may be able to loan you a certain
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How Sustainable Is Your Business?

Happy New Year Everyone. I trust that you’ve had a good Christmas and New Year and are now looking at diving back in. … Maybe you’re looking at developing some new goals for 2019, … Or maybe you’re still looking at what you’d like to achieve … Or  re-vitalising those important goals and ambitions that just didn’t work out in 2018. Whatever the case may be, it’s worth exploring some of the failures of last year, and deciding what you can do to overcome this in 2019. Over the last year we’ve seen a few more big companies go into
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How To Get Debtors To Pay Up

What can you, as a business owner, do to get those difficult debts in? Especially if December was tight and January is looking likely to be even tighter. Here are five steps that can help you get through those unpaid invoices: 1) Find The Reason What are the reasons behind those who haven’t paid you? Many will come back saying cash flow is tight, but there may be other reasons that you haven’t considered; are they having personal struggles which take priority and cause them to lose focus on the business? Or are they waiting to be paid directly from
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6 Tips For Dealing With The Chaos In Your Mind

Ups and downs, Ins and Outs… How does One cope with keeping organisational peace within themselves while running a business? Particularly this time of year when things are sent to try us and everyday stresses play on our mind more than usual. Not to mention ensuring everything you’ve set out to do is achieved. How about when you’re going along at a steady pace, but through no fault of your own, are suddenly thrown into oblivion? But imagine this – you’re in the process of setting up a business…. … or maybe it’s a young, fledgling business. You know where
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The Best Excuses Customers Give For Not Paying Their Invoice

Did you ever used to watch those old game shows? Wheel of Fortune Going for Gold Strike it Lucky You Bet Bullseye I started reminiscing about these shows recently. Sometimes it feels like our customers are taking inspiration from those TV shows and playing games with us. Some people are great payers … … others, less so. Eventually they do all pay but not before they’ve given us the run around. What kind of excuses do your Customers give for not paying their invoice on time? Here’s a list of the usual games and excuses I’ve experienced (maybe you’ll recognise
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The Gift Of Christmas Payment Plans

It’s that time of year again when we start to look forward to Christmas. Many of us will get the well deserved break that we’ve all been craving. It also tends to tip the scale on the amount of cash we see coming in – as a result of Christmas sales. But then the drag of the first quarter of next year looms. Particularly for those businesses that rely on the Christmas sales to give them a bit of a boost towards the new year. Historically, if we ever ran into trouble, we would set up a payment plan. Not
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4 Ways To Get Your Creditors To Help With Cashflow Issues

Are cashflow issues and trouble communicating with your creditors causing you: Stress Worry Pains in your heart Headaches … Your phone keeps on going off. … The letters are flying through the door. … Threats of legal action. … Tax bills.   You haven’t got space to breathe.   “This will effect your credit history” is going through your mind all day. ………You’re feeling consumed………   Believe it or not, I know what you’re going through. I’ve been through a lot of it myself. (But that’s a story for another day.)   Creditors sometimes come up with erroneous payment plans,
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