#Debt Collection
Cushioning your business: protecting your cashflow with debt resolution systems
Even as businesses across Australia and New Zealand brace for rising costs ahead, protecting one’s cash flow has never been more crucial.
‘Act like a large company’ and other tips to help SMEs avoid the sting of late payments
Last week, the Australian Small Business and Family Enterprise Ombudsman released the findings of the Inquiry into Payment Times and Practices in Australia. The results were startling but, for many small businesses across Australia, they were not surprising. The inquiry revealed almost half of small business are owed more than $20,000 from late payments, and […]
Debt collector advice for consumers in ACCC and ASIC guide
The Australian Competition and Consumer Commission (ACCC) and the Australian Securities and Investments Commission (ASIC) have released a guide to help customers deal with debt collectors and creditors.
How to handle nightmare debtors
Debtors can suck the cash out of your business and leaving you struggling to pay your bills.
5 tips to avoid holiday cashflow woes
Cash is like oxygen for small business owners, and keeping a close eye on cashflow is important—especially during the holiday period when it can be hard to contact your debtors.
What debt recovery costs your small business
I have been asked by a Dynamic Business reader (thanks to @djcoombes74) to discuss the costs associated with debt recovery. The collection of debt is an important topic for businesses and an area that is often poorly managed.