Internal financing
Almost every business can access some internal finance. By streamlining operations and increasing efficiencies most businesses can liberate working capital.
Here are some ideas for creating internal finance:
- find alternative sources of revenue by subletting accommodation or selling surplus assets
- reduce bad and doubtful debts by tightening credit terms
- cut accommodation costs by operating from your home
- change the timing of payments by renegotiating terms with your suppliers
- reducing equipment expenses by renting rather than buying.
For more information, contact the IIB.
Last updated: Monday, January 29, 2007