Reduce costs, Reduce your Bank Interest.2.

Fifty Ways to reduce costs – The checklist, part 2.

This is the core of a formal review which you can do as a proper management task. The full checklist comprises FIFTY ways to save costs, so save this for later and then work out how best to approach the matter in your organisation. This is a serious list for a serious situation.

1.2 Reducing your bank interest. 2.

1.2.1. Can you introduce interim invoices or monthly invoices instead of waiting until the end of the contract?
1.2.2. What other actions (and when and by whom) can you do that you’re not doing at the moment to get your invoices paid on time
1.2.3. Analyse all the ‘excuses’ for non-payment and re-arrange what you currently do so that you can eliminate every excuse
1.2.4. How can you get an interim payment from a late-payer
1.2.5. What needs to be done so that you can recruit new customers onto payment in advance?