CMP Recruitment Specialist
  • Home
  • EMPLOYERS
    • Skills Based
    • Reference Check Service
    • Recruitment Services
    • Start Recruiting Today
  • Candidates
    • Register with CMP
    • Resume make-over Service
  • Current Vacancies
  • Contact
    • Privacy Policy
  • CMP News Blog

8 Ways to Get Business off to a Solid Start in the New Financial Year!

7/7/2016

0 Comments

 

Picture

1. Take control of your cash flow management – Ensure invoices are raised in a timely manner, issue statements and reminder letters, ensure all terms of trade are clearly communicated, produce a cash flow plan, talk terms with your suppliers.
 
2. Revise your funding arrangements – Spend some time to revise your funding requirements and if the current arrangement isn’t suitable speak to your lender about more favourable terms and consider alternative funding methods like Crowdfunding and Invoice Financing.
 
3. Tackle the clutter – Eliminate everything that no longer has a practical purpose. As a rule of thumb, throw it away if you haven’t looked at it in the past year.
 
4. Get filing – if your office is full of paperwork and collapsing shelves, sort out your filing system. Make sure that you only file essential information such as purchase and sales invoices, bank statements and important customer data as 80 per cent of all filed papers are never read again.
 
5. Risk Management – Do you have a formal Risk Management process! In today’s challenging times protecting the business from loss is critical and insuring the debtor’s ledger with Credit Insurance is worth implementing. 
 
6. Work smarter – meticulous planning is the key to business success. Ensure that you review your business objectives and prioritize everything that you want to achieve by December. Developing a key action plan will help.
 
7. Stock matters – don’t get yourself into an over-stocked position where all your money is tied up in goods that you may not necessarily be able to sell. Review your stock levels carefully and look back at the last 18 months sales figures to determine seasonal peaks and troughs.
 
8. Harness people power – review your staffing levels for the next 6 months and plan to cover staff holidays or peak season demand. If there are any significant skills gaps within your workforce that is holding your business back, consider external training courses to boost the skills of your existing staff and the hiring of specialist skilled Temp Staff to add at peak times and when needed.

Picture
Picture

0 Comments



Leave a Reply.

    Author:

    CMP Recruitment Australia

    Archives

    April 2025
    April 2024
    August 2023
    January 2022
    October 2021
    February 2021
    January 2021
    May 2020
    April 2020
    January 2020
    December 2019
    June 2019
    May 2019
    April 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    May 2018
    March 2018
    February 2018
    January 2018
    November 2017
    October 2017
    June 2017
    May 2017
    April 2017
    January 2017
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    May 2015

    Categories

    All

    RSS Feed

What Our Clients Are Saying

We found CMP a Recruitment Agency that cares about Clients and Candidates equally and aim for a win win outcome with every placement. They follow up and meet expectations which you just don't get from larger agencies.


​Contact us:
Level 8, 905 Hay Street, Perth
PO Box 535, Leederville WA 6905