SME Business News

Two SME campaigners have come together to offer some tips for small businesses to avoid the worst of the credit crunch.

Small businesses are being urged to follow five top tips to cope with the credit squeeze and protect their businesses as the economy slows.The Federation Of Small Businesses (FSB) and ASC Finance For Business have joined forces to give some old fashioned advice.

The top five tips are:

• Financial flexibility – deal with more than one bank;
• Focus on your unique selling points – work hard to get lucky;
• Plan ahead – failing to plan is planning to fail;
• Manage your costs – do something different; and
• Seek professional advice - don’t be afraid to ask for help.

You can see a more in depth description of these points on the ASC website.