Comments on: How To Make This Recession Work For Your Small Home Business. http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business Let's talk business, ....HOME & SMALL BUSINESS! Fri, 30 Jul 2010 09:37:10 +0100 http://wordpress.org/?v=2.8.6 hourly 1 By: alric http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-51009 alric Tue, 15 Dec 2009 10:39:26 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-51009 My view in the issue is lessen the cost of labor, I suggest small business outsourcing. A lot of services now can be provided by outsourcing companies nowadays. My view in the issue is lessen the cost of labor, I suggest small business outsourcing. A lot of services now can be provided by outsourcing companies nowadays.

]]> By: Denzil http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50989 Denzil Wed, 09 Dec 2009 16:58:52 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50989 Good basic info for beginners. Getting a better price is especially easy to do right now, since suppliers are tripping over themselves to get business. Good basic info for beginners. Getting a better price is especially easy to do right now, since suppliers are tripping over themselves to get business.

]]> By: Brendan http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50981 Brendan Mon, 07 Dec 2009 12:43:18 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50981 I guess there are winners and losers in a recession and it's all about how you view things. I think it's a great idea to try and get the best deal that you possibly can - it's very wise and will help keep many people in business. I guess there are winners and losers in a recession and it’s all about how you view things. I think it’s a great idea to try and get the best deal that you possibly can – it’s very wise and will help keep many people in business.

]]> By: Trevor http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50963 Trevor Fri, 04 Dec 2009 07:21:44 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50963 What I think there is a business for every market. The key to survival is you bring in more than you spend. Next is to focus on sales. You need to have a product or service that people want to buy. Sounds oversimplified, but it is that simple. The rule and the strategy will remain the same: baffle your competitors and stay ahead in the competition either by offering quality service at a reasonable rate or by spearheading a marketing blitzkrieg. What I think there is a business for every market. The key to survival is you bring in more than you spend. Next is to focus on sales. You need to have a product or service that people want to buy. Sounds oversimplified, but it is that simple.
The rule and the strategy will remain the same: baffle your competitors and stay ahead in the competition either by offering quality service at a reasonable rate or by spearheading a marketing blitzkrieg.

]]> By: Sunil Tosawar http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50929 Sunil Tosawar Sat, 28 Nov 2009 16:04:07 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50929 Really this is great Really this is great

]]> By: Stefan Töpfer http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50925 Stefan Töpfer Sat, 28 Nov 2009 13:13:08 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50925 Hi Graeme, As you will have noticed I was speaking about big businesses and said not to use this for small businesses, for the above mentioned reasons. You are absolutely right that paying late is bad business, but this has to be an equal playing ground, and i this game the big boys have an advantage, that needs to stop. VB, Stefan Hi Graeme,

As you will have noticed I was speaking about big businesses and said not to use this for small businesses, for the above mentioned reasons.

You are absolutely right that paying late is bad business, but this has to be an equal playing ground, and i this game the big boys have an advantage, that needs to stop.

VB, Stefan

]]> By: Graeme Olsen http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50915 Graeme Olsen Fri, 27 Nov 2009 05:11:42 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50915 As a small business owner, I HATE it when people employ tactics #2 and #4 against me. It wastes my admin time and just ticks me off. So I could never consider doing that to someone else. It's obviously fine to try and negotiate payment terms, but I think that deliberately paying your bills late is just bad business. As a small business owner, I HATE it when people employ tactics #2 and #4 against me. It wastes my admin time and just ticks me off. So I could never consider doing that to someone else. It’s obviously fine to try and negotiate payment terms, but I think that deliberately paying your bills late is just bad business.

]]> By: Stefan Töpfer http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50892 Stefan Töpfer Wed, 25 Nov 2009 09:46:57 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50892 Hi Ron, Thanks for your comment. I agree you can get on the wrong side of suppliers - so what? I'm not suggesting you should do this to all the suppliers, only the big boys. Why? Because they are doing it to all their small suppliers, i.e. my customers. They view them as easy credit and do not care if the small business goes to the wall - in fact they would probably prefer that - as it may get them into a situation in which they may not have to pay at all . I speak with some authority when I say that there are many businesses who are owed more money from their suppliers than the amount of money they owe on overdrafts to the bank. So these business are being squeezed from two sides. Since when is any small business a bank? In your business this all may not be a problem, but in any small manufacturing business this is not 'a ploy' - this is survival! A good supplier will make sure they can offer better credit terms to their customers so that everybody gets paid inside the credit terms. If you have a supplier like this then you should keep this relationship on good terms. VB, Stefan Hi Ron,

Thanks for your comment.

I agree you can get on the wrong side of suppliers – so what? I’m not suggesting you should do this to all the suppliers, only the big boys. Why? Because they are doing it to all their small suppliers, i.e. my customers. They view them as easy credit and do not care if the small business goes to the wall – in fact they would probably prefer that – as it may get them into a situation in which they may not have to pay at all .

I speak with some authority when I say that there are many businesses who are owed more money from their suppliers than the amount of money they owe on overdrafts to the bank. So these business are being squeezed from two sides.

Since when is any small business a bank?

In your business this all may not be a problem, but in any small manufacturing business this is not ‘a ploy’ – this is survival!

A good supplier will make sure they can offer better credit terms to their customers so that everybody gets paid inside the credit terms. If you have a supplier like this then you should keep this relationship on good terms.

VB, Stefan

]]> By: Ron Bolzern http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50891 Ron Bolzern Wed, 25 Nov 2009 09:09:49 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50891 Stefan, I can agree with your sentiment about small businesses often getting a raw deal and certainly concur with always asking for a lower price -- but the deliberate delaying of debt is a dangerous ploy. To orchestrate this approach, you have to have a carefully monitored calendar to get your timings right. One false move can completely destroy your business -- imagine if you get sued, or you lose a crucial supplier. You can also get on the wrong side of suppliers, meaning higher rates and less helpful service. All that takes a lot of time, and it's important to consider the hourly rate you're actually getting in return for all that time. It's far better to be sure you're growing your business within your means -- and you'll sleep better at night, meaning you'll be more effective the next day. Stefan, I can agree with your sentiment about small businesses often getting a raw deal and certainly concur with always asking for a lower price — but the deliberate delaying of debt is a dangerous ploy. To orchestrate this approach, you have to have a carefully monitored calendar to get your timings right. One false move can completely destroy your business — imagine if you get sued, or you lose a crucial supplier. You can also get on the wrong side of suppliers, meaning higher rates and less helpful service. All that takes a lot of time, and it’s important to consider the hourly rate you’re actually getting in return for all that time. It’s far better to be sure you’re growing your business within your means — and you’ll sleep better at night, meaning you’ll be more effective the next day.

]]> By: Stefan Töpfer http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business/comment-page-1#comment-50890 Stefan Töpfer Wed, 25 Nov 2009 09:08:07 +0000 http://www.sme-blog.com/how-to/plan-cash-flow/how-to-make-this-recession-work-for-your-small-home-business#comment-50890 Hi Sarah, very good point - thanks for the comment. VB, Stefan Hi Sarah,

very good point – thanks for the comment.

VB, Stefan

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