ArchivesTag : credit checking
Protect Your Cash Flow Against Your Customers Collapse
Prevention is the best medicine
In another familiar story just recently construction and development company Austruc Constructions has been placed in the hands of administrators. (read the article on smartcompany.com.au here)
I emailed one our clients who operates in the construction industry and not surprisingly he said “Thanks, I just talked to a few contractors that got [...]
How Do You Manage Legal Risk? Peter Aked – Eakin McCaffery Cox
Protecting your business with good documents might just be your last line of defense! In today’s economy managing business legal risk is one of the most common challenges businesses face. This week Peter Aked from Eakin McCaffery Cox explains that there are two aspects to this…
Is It Worth Paying A Collection Agency?
When your frustration has completely boiled to the surface with you debtor/s it may be time to call in a debt collection agency. Typically once your invoice has reached 90 days the chances of recovering your debts becomes exponentially lower…
New Customers Can Lead To Complete Business Failure
Be careful not to be tempted by the dangling carrot of concentrating all your risk on just one of your customers, the results can be devastating to your business. Now generally speaking, as a small business owner what we are about to talk about may sound excessive when taking on new customers however as you grow and want to extend more and…
Trade Credit: Avoid destroying your cash flow (video)
We have all heard the stories about how both large and small businesses have been taken down when one of their customers goes broke. Here we learn how to manage this risk.
Protecting you cash flow with debtor insurance
One of the main things I hear from business owners who have been around a while is “I lost a heap of money to one customer when they went broke” or “I almost had to shut down my business because I lost a lot of money to one customer”. You always hear of [...]
