BizHelp24 News 156 - Small Business News

As a small business owner, you know how important it is to have a good cashflow; the ability to have sufficient money available to make payments, pay wages and buy new goods when you need them. But what happens when an unexpected cost hits you, if a large customer makes a late payment, or if they refuse to pay altogether?

Are you putting your cash flow at risk by having an ineffective or badly enforced Credit Policy? There are many simple steps you can take to improve your credit policies, yet a new survey shows that 32% of businesses are putting themselves at risk of bad debts and uncertainty by failing to confirm their credit terms in writing.

Running a small business is never easy; keeping on top of all the different areas of importance can be a challenge for even the most energetic entrepreneur. The good news is that we can offer some help with our free BizStart24 software. BizStart24 features over 40 letters and forms to make the running of your business quicker and easier

As a business owner, you are probably aware of the problems caused by employees being absent; from sick pay costs to the hassle and expense of covering their workload. The cost of staff absence in the UK rose to £13 billion in 2005, despite the number of absent days falling from 168 million to 164 million.

The continued growth of the internet should not come as a surprise to you, but if your business does not have a website (or has a poor one) then the potential costs could be bigger than you realize. Research by web host 1&1 Internet has found that 53% of UK consumers would walk away from any business that does not have a website.