Category: Credit Management
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“Why isn’t there more money in my bank account?”
This is one of the most common questions business owners ask when we first meet. Their business is successful but it doesn’t seem to be reflected in their bank balance. Or if the business is doing less well “why am I putting all this effort in for so little money?” It seems a simple…
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Everything you wanted to know about credit management but were afraid to ask …
This blog gives a deeper dive into the themes brought up in my previous blog on Eight things you can do to make your business more profitable – 4. Tighten your management of debtors. Why give credit? The fundamental principle is that you give credit to win and grow you business. Keep this at the…
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FSB guidance on credit management
The Feb/Mar 2013 edition of First Voice – the magazine of the FSB – contains an interesting article on credit management. It is largely prompted by the poor payment behaviour of large customers towards their suppliers. Some of which are now asking for suppliers to pay a discount to get paid on time. Hopefully this…