Tips For Survival In An Economic Downturn

If you are still feeling the effects of the economic downturn, try the following tips from Doug Richard, entrepreneur and Dragon.


Manage cash – if you’re out of cash and out of credit, you’re out of business. You need a good 13 week cash forecast, generated NOT from the income statement but from a detailed understanding of receipts and disbursements. Monitor trends in your cash flow to keep on top of any sticky situations.

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