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ICM and BIS combine to provide monthly cashflow ‘tips’ to small businesses

24 February 2011

The Institute of Credit Management (ICM) and the Minister of State for Business and Enterprise Mark Prisk have teamed up to provide a monthly ‘tip’ for small businesses to better manage their cashflow.

The advice comprises a short cashflow ‘tip’ derived from the series of Managing Cashflow Guides that have to date been downloaded more than 200,000 times.

The first two in the series focus on the importance of relationships in business and the danger of making ‘assumptions’ over when and how you will be paid.

Philip King, the Chief Executive of the ICM and the author of the original Guides says that providing monthly ‘tips’ is the perfect way of getting good advice into the hands of busy business owners: “Good advice is out there,” he says, “but getting that advice to small businesses is the challenge.

“We hope that by creating a series of regular ‘tips’ we can help get businesses thinking more about cashflow and how they can easily help themselves to improve their business performance.” To view the monthly ‘tips’, please visit: http://www.creditmanagement.org.uk/bisguides.htm