5 steps to ... surviving recession

Stuart Watson, Regeneration & Renewal, 21 November 2008

1. Manage cash flow. "Day-to-day management of cash is more important now than it has ever been," says James Tickell, a director at regeneration consultancy Campbell Tickell. He recommends that organisations produce daily or weekly cash-flow statements, be ruthless about collecting money and not pay creditors earlier than necessary.

2. Stick to your guns. Public bodies should not cave in on agreements with developers to deliver infrastructure and environmental benefits in order to accelerate projects, says British Urban Regeneration Association chief executive...

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