News & Views
The Art of Negotiation
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24 Nov 2011 09:55
Lots of companies that we’ve come across are having trouble with cash flow – it’s understandable given that many SMEs have difficulty sourcing and accessing credit in what is becoming an increasingly challenging business environment. However, sticking your head in the sand and ignoring the endless calls from aggravated suppliers who are looking for payment tends to worsen the problem in our experience.
Of course there’s no silver bullet solution, especially for some ...
Letting Go
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11 Nov 2011 17:18
Making cuts to the payroll is a difficult process for any business. What’s more, failing to approach redundancies in a structured, organised way can result in costly cases that put a company under even more pressure, defeating the purpose of the exercise. None of us like firing people, and that’s perhaps why many businesspeople put their heads in the sand, only moving to cut staff in a disorganised way when the situation becomes critical. This can be disastrous, both for morale and for t...
How to get paid on time
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4 Nov 2011 15:18
Nearly all businesses in Ireland, except for maybe consumer-focused companies, have one very bad characteristic in common – they rarely get paid on time. As a nation we’ve always been known for our generosity but it seems that we find it hard to stump up for work that has already been carried out. That creates a myriad of problems of course, not least that it starves businesses up and down the country of the main resource needed to operate and survive – cash!
When you don&...
