50 Business Challenges: Who Owes You?

Cash is king, particularly in the current climate. Do you know how much you are likely to collect from clients, and over what period?

If you do not already do so as a matter of course, go through your aged debtors list, and find out how much is realistically payable. Chase sooner rather than later, initially as a polite reminder, but later in a more businesslike way. If you have business clients, they will not respect advice from someone who does not manage the lifeblood of their own business.

Write off what you have to. It is painful, but at least you will be left with real figures.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s