HAPPY NEW YEAR all the best for 2012
Predications for 2012
As a business you can make your own predications. In order to develop and build your business you require systems and processes.
Have a efficient credit control system and improve your cash-flow.
How does this work?
1. Have a person who is willing to speak to customers do the credit control.
2. Ensure that you have a default diary in place to chase late payers immediately
3. Do not allow them any leeway far too often we hear from our clients that they allowed their customers time to get paid from other people in order to allow them to get paid and the next thing you know 6 months have gone by.
4. Be sure to draw a line in the sand and know when the outstanding amount has become a debt
5. Chase the customer as soon as possible when payment has not been made on the promised date.
By ensuring you are getting paid on time allows your business to focus on growing.
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