• Immediate Working Capital
  • Growth, Aquisitions, MBOs
  • No Need for Re-negotiation
  • Instant Cash Flow
  • Saves Management Time
  • Improved Collections Performance
  • Recession-Proof Thinking
  • Practical How To Guides
  • Business Knowledge Bank
  • Fast Track Response
  • Competitive Rates
  • Personal Service
Small Business Resolutions for 2009
Date Added: Fri January 16 2009
With market conditions impacting on all sizes and sectors, Experian has outlined a series of New Year’s resolutions:

*Monitor your own credit business report and those of your existing and potential customers for early indicators of potential difficulties ahead.  
*Watch out for late payment.
*File annual returns and financial accounts on time and monitor how timely your customers are filing theirs.
*Avoid County Court Judgements.
*Watch your own finances.
*Register with a credit reference agency or a directory such as Yell or Thomsons. 
*Screen out poor performers from new business activity.
*Analyse and segment your prospects.
*Retain existing customers. 
*Focus on customer management to retain existing business.

Tony Pullen, Managing Director of Experian’s Business Information division commented: "The economic downturn has already claimed some significant casualties amongst the biggest retail, financial, construction and property businesses around.  The effect of each failure, while devastating to the firm and those that lose their jobs, extends far beyond the organisation itself, to threaten the survival of many smaller companies that supply and rely on those organisations.

"Small businesses feeling the squeeze from both larger organisations and other SMEs they do business with need to be pro-active and take steps to manage risk, maintain a positive risk profile themselves and use what marketing budget they have most effectively."