Quick fix tips to cure your businesses biggest headache

It's a scenario many businesses know all too well: the bills are stacking up, the rent's due and you've got to pay your staff on Friday. You've earnt the cash to cover all of this, but you just haven't received it yet.

Cash flow is a major problem for many businesses. Fear not though, we've got four quick fixes for your immediate cash flow problems.

Here's four of the best to get you going:

1. Get a business credit card/business loan.

It's an oldie but a goodie. Get a credit card and pay your suppliers and other bills - if you know you can pay off the debt quickly then you are unlikely to incur a large expense. If, on the other hand, you would like to pay off the debt steadily over a longer period of time then the structured repayments of a bank loan may be better.

Beware: Don't miss payments - you are likely to pay through the nose if you forget minimum payments on your credit card or can't make repayments on your loan.

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2. Incentivise your customers to pay you more quickly.

Often a very effective way to release cash quickly from your invoices. Offer your customers a kickback, perhaps a discount on the overall payment owing, in return for payment within 7 days.

Beware: You don't want your customers constantly holding back on payments hoping they'll receive a discount.

3. Dip into your personal savings.

Probably the cheapest way to solve your short term cash flow problems. Whilst you will miss out on interest being accrued on your savings, in most cases the loss of interest is likely to amount to less than the fees you'll be paying with other short term solutions like a credit card.

Beware: plans for your holiday may take a hit if you never get around to replacing those savings.

4. Sell equity in your company

There are many people out there willing to give you cash in return for an equity stake in your company - just take a look at BBC's Dragon's Den.
Make sure you have all of your facts in order when you go hunting for an investor - the strength of your 'pitch' will have a massive impact on whether or not you get your cash and how much equity the investor demands.