Diligence key to avoiding bad debt
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
A jump in the number of businesses entering external administration should serve as a warning to SMBs to do research before taking on new customers, says a leading credit management expert.
Local small business insolvencies hit a record high in February, with the number of companies entering external administration reaching their highest level since 1999.
If you’re a small business owner with ambitions for growth but struggling with the usual day-to-day challenges while wearing 20 different hats, the free event Keeping your Business in Business is for you!
Business defaults hit their second highest rate in September for eight years, leading experts to warn SMEs to be on top of their accounts receivable as Christmas approaches and cashflow worsens.
Sick of dealing with bad debt, Colin Porter launched a credit reporting service for small businesses. He tells Dynamic Business about dealing with debtors, bureaucrats and finding your space in the market.
The September issue of the magazine is out now, and it’s packed full of news, information and tips for small business. Check out what’s inside…
How to avoid dealing with businesses who don’t pay, and what you can do when they refuse.
Business confidence is being further battered thanks to a 40 percent rise in business-to-business bad debt claims and increasing payment terms, leading experts to urge SMBs to better manage their cashflow.
Dynamic Business has again partnered with CreditorWatch for this year’s credit & debt survey. Go in the running to win a prize in return for just a few minutes of your time.
Legal action—whether warranted or not—is a very real risk to businesses, including SMEs. Even if people do not have an honest claim to make against you, the cost of legal assistance to prove your innocence can be devastating to your business. Also, the toll it takes on your time and emotions can seriously hurt your business and personal time.