How To Protect Your Business From Clients’ That Go Bankrupt

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Do you ever worry that your business might go broke if a large customer goes bankrupt, won’t pay or skips town? This potential scenario can add a lot of stress, risk and uncertainty to running your business. It can also make it very difficult to manage cashflow and plan for the future. The sad thing […]

How To Hire a Collection Agency

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If you’ve never used a debt collection agency to recover unpaid accounts for your business then it may be a bit daunting figuring out… Where To Start? What Questions To Ask? Is It Worth Hiring A Collection Agency For Your Unpaid Debts? What Information Do I Need To Provide? This short article will answer all […]

What Can Debt Collectors Do If Customers Don’t Pay

Most the time the customers and clients you deal with will pay with no problem at all. But without a doubt there will be times in your business when you provide a product or service and your customer simply can’t or won’t pay (even after a friendly reminder), and further action is needed to recover […]

How Much Do Debt Collectors Charge?

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When a company or individual owes your business money, a quick and easy way to recover the funds is by contacting a licensed and experienced debt collection agency that will chase up the debt on your behalf. Debt collection agencies can take away the stress, hassle and time it takes to recover unpaid accounts so […]

How Legally Binding Terms Of Trade Can Save You $1000’s

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Does your business offer credit to customers? (You may not think so but if you deliver goods or services and get paid at a later date then you do offer credit.) Does your business have legally binding Terms of Trade (sometimes called Terms and Conditions)? Do these terms of trade protect you and your businesses […]

What Do Debt Collectors Do?

The role of a debt collector can cover a lot of different areas, but in its most basic form, a debt collector is hired by a company to recover money that is owed to them. Many very large companies will have their own in-house collection agencies but for those of you that don’t have the […]

Small Business: The Right Way To Collect A Debt

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If your business provides products or services on credit (you deliver the product or service then collect payment later), then eventually you will run into a customer who pays late or not at all. When this happens you need to be careful about how you proceed to collect that debt to ensure you don’t break […]

6 Tips To Improve Your Small Business Cash Flow

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Are you aware that even if your small business is generating a profit you could still go bust? In fact 60% of businesses that close down are profitable but they simply run out of cash because of poor cash flow management. As a small business your are often so focused on generating new business, servicing […]

5 Tips For Preventing Bad Debt in Business

1. Perform a thorough background credit check More than 80% of small business owners’ have experienced cash flow problems in the past 12 months, according to an online survey. The survey highlights that only 17% of businesses conduct credit checks on new customers. The report also shows that a key contributing factor to business owners’ […]

4 Tips Small Businesses Can Implement in 2016 to Get Paid Fast.

4 tips small businesses can implement in 2016 to get paid fast. Business Victoria highlights that getting paid and managing cash flow are in the top 5 small business problems for Australian businesses. It’s can be easy to point the finger at the customer when it comes to unpaid accounts but often the business can […]