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Managing Cashflow Guides

Business Basics – with Lord Sugar

Lord Sugar has produced three videos on behalf of the Department for Business, Energy and Industrial Strategy (BEIS). In these videos Lord Sugar reiterates the steps you must take when extending credit, from knowing your customer to getting paid.

Click above to view the videos.

Talking about the launch of these initiatives, Lord Sugar advised: “I know just how tough running a business can be. It is all too easy to get the basics wrong, or simply to fail to get the basics done. These videos and guides provide simple, short and practical advice on a range of business essentials. I hope you find them useful”.

“Prompt payment can make all the difference to small businesses, boosting their cashflow and allowing them to invest in growth for the future. Although we have seen some progress, there are still too many business owners across the country who have not been paid on time by their customers.

We need a culture change to stamp this out and the Prompt Payment Code continues to play an important role in bringing this about, alongside a package of measures taken forward by government and industry. The businesses signed up to the Code commit to demonstrating the gold standard of payment practices and it’s great to see so many of Britain’s leading household names on the list.”

The Chartered Institute of Credit Management administers the Prompt Payment Code on behalf of
BEIS, an initiative which sets standards for payment and supply chain best practice.

Click here to see the list of signatories and to find out more.

The CICM has produced a series of Managing Cashflow Guides in association with the UK Government’s
Department for Business, Energy and Industrial Strategy (BEIS). Over 500,000 of these guides have been downloaded by businesses across every sector.

Managing Cashflow Guide series…

The Managing Cashflow Guide series is produced by the Chartered Institute of Credit Management (CICM) in association with the Department for Business, Energy and Industrial Strategy (BEIS).

  1. Knowing your customer
  2. Payment Terms
  3. Invoicing
  4. Treating suppliers fairly
  5. Credit Insurance
  6. Invoice finance and asset based lending options
  7. Chasing payment
  8. When cash runs short
  9. When all else fails
  10. When your customer goes bust
  11. Managing cash through Brexit

Additional Resources

‘Business Finance Guide’

The Managing Cashflow Guide series is produced by the Chartered Institute of Credit Management (CICM) in association with the Department for Business, Energy and Industrial Strategy (BEIS).