1 Make a sound financial budget Everyone is looking for the secret to save the capital chain, but the tight cash flow is only a result, not a cause, and the exhaustion of cash is only the last straw to crush the camel.
2 Raising costs For enterprises that are already on the verge of cash flow crisis, the quickest way is how to liberate cash from daily operations. Layoffs, salary cuts, closing production lines or selling projects with low value contribution rate are all common means for enterprises.
3 Maintaining the supply chain Supply chain management has become extremely important during the depression. A joke circulating in the iron and steel industry is that the price of pig iron fell below the price of scrap iron in the early stage, which trapped the waste recyclers who hoarded scrap iron.
4. Pay attention to financing channels. An enterprise shall, on the basis of its own funds, raise various forms of funds from other channels. First of all, we should pay attention to the accumulation of retained earnings of enterprises, establish a mechanism of "self-restraint and self-accumulation", and avoid the short-sighted behavior of "eating the finance and then eating the bank, and eating the stock and then eating the increment". Secondly, don't rely too much on debt funds and keep the lowest ratio of capital to debt funds. Once this ratio is exceeded, even if banks are willing to lend, enterprises can't get it. Finally, enterprises can open up other financing channels. Listing financing, venture capital trust plan, equity financing or private equity investment are all good choices.
5. Enterprises whose capital occupation matches the term of capital sources should adopt matching strategies to effectively resolve the risk of interest rate fluctuations and debt risks. First of all, long-term investment is supported by long-term financing channels, because long-term investment can not realize the income that can be used to repay the principal and interest of loans in the short term, so we must resolutely put an end to the long-term use of short-term funds. Secondly, short-term funds are all supported by short-term financing channels, which can improve the efficiency of capital operation and reduce the cost of capital, thus avoiding a series of adverse reactions caused by poor operation of capital chain.
6. Improve the operation efficiency and effect of the production line. Literally, improving the operation efficiency and effect of the production line is not directly related to the maintenance of the capital chain, but this is not the case. Fundamentally speaking, the improvement of production line operation efficiency is accompanied by the reduction of production cost and the increase of output; The improvement of the operation effect of the production line means that enterprises can produce high-quality products with more market competitiveness, thus increasing their profits.
7 Formulating a conservative credit policy, also known as the accounts receivable management policy, is the general name of a series of supporting policies formulated by enterprises to guide enterprise credit management departments to deal with credit sales and collection measures in a specific market environment by weighing the benefits and costs related to accounts receivable.
I hope the above information will be helpful to your investment.