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ICM and BIS monthly cashflow ‘tip’ to small businesses

Press Release – 26 February 2013

The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Michael Fallon have published their monthly ‘tip’ for small businesses to better manage their cashflow.

“If a customer tells you they’re going to extend your payment terms and pay you later, don’t just roll over and accept it. Negotiate something in return, or simply say no! If you’re not going to make money from the deal, it’s not good business.”

The cashflow ‘tips’ are derived from the series of Managing Cashflow Guides published by the ICM for BIS, of which there have now been more than 400,000 downloads.

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