About this lesson
This lesson outlines practical ideas and tactics you can use to create a cash reserve in your business. It helps you to plan ahead for cash squeezes by focusing on the financial things you can do to save or generate money.
How much does it cost?
All related online training is fully funded by SCORE. There is no cost to you to access and use these lessons.
Why you should do it
You can't be competitive if you are unable to survive. No matter how good your business or how much expertise you have, once you run out of money the business is in danger of collapsing. Many businesses (and not just the small ones) have gone out of business even when they have been very busy.
Who should complete it
Business people who want to avoid running out of cash, and those who sense their business will be seasonal and wish to plan ahead for any cash crisis.
What you will end up with
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A range of cash-generating ideas that will help safeguard your business from running out of money.
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A guide to debt collection techniques and options.
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A template to work out the savings you could make by consolidating your debt into a single loan.