Small Business Bad Debt Is Easily Avoidable
Debt Collection Specialist Lists 7 Steps to Keep Small Business Cash Flow Liquid
Against this backdrop, however, specialist in Credit Control, Ranka Cvetkovic, recommends a simple and pro-active credit management system that should enable most businesses to avoid going down this volatile cash flow path.
“Let's be honest,” says Cvetkovic, “clearly defining and implementing a professional credit management system is something that very few new businesses ever prioritize in their first year.”
Cvetkovic informs that, sadly most new business owners do not recognize the importance of planning and implementing a proper credit collection system. Rather than risk heading down this path at all, Cvetkovic‘s experience is that they can be avoided entirely by defining and implementing a professional credit control system prior to starting business operation. By following 7 simple steps every small business can keep its cash flow liquid.
“Taking time to report, track and follow up unpaid accounts on a regular basis is critical to avoiding this problem. Outsourcing a credit collection specialist to help you put in place and implement your professional Credit Collecting System is even more beneficial: This will save you lots of time and money in the long term!”
Cvetkovic’s article can be found on Easy Debt Collecting blog at the following link:
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About Easy Debt Collecting:
EasyDebtCollecting.com is a web based resource for businesses and individuals who are seeking to improve their business cash flow and get more in depth knowledge of debt collection policies and procedures. It is managed by Ranka Cvetkovic, Principal of Ethical Dealings Co – a debt management and credit control consultancy business.