#Debtor
Dominique Grubisa: The entrepreneur that bounced back from serious debt
In three years Dominique Grubisa went from being millions of dollars in financial debt to having a turnover of $12 million dollars in the 2017-2018 financial year with her company DG Institute. Prior to 2008, Dominique and her husband Kevin were thriving with a seven figure business in renovating and selling property. The global financial crisis […]
Debt recovery: what to do and when to do it
Are you struggling to make ends meet? Do some customers take liberties and pay you weeks or months after you finish the work? Do you have a large outstanding debtor balance that just doesn’t seem to reduce? If you answer ‘yes’ to any of these questions then more often than not the answer to your […]
CreditorWatch’s founder on reaching 50,000 customers and lobbying for data transparency
CreditorWatch recorded a 42% increase in its customer base over two years on the way to reaching a major growth milestone, this month: 50,000 customers. Founder and managing director Colin Porter spoke to Dynamic Business about the genesis, success and future of the credit reporting bureau, which launched six years ago. DB: What was your […]
What I wish I knew before launching a start-up
You’ve heard the saying: “you don’t know what you don’t know.” Most people are happy to accept that proposition because whilst ignorance isn’t always bliss, people tend to avoid risk and thus the danger won’t be immediate. Launching a start-up means rushing into the high-end of the risk zone where even minor trip-ups can have a significant impact on your potential […]
Ensuring cash flow during good times and bad
Monitoring cash flow should be your number one priority if you are a business owner. After all, cash is king. Part of this process involves having careful control of debtors. For anyone that has experienced periods of tight monetary control, you know how critical this is in tough times. Outlined below are key points on how to ensure […]
Improve your cashflow cycle by retraining your debtors
If you’ve effectively taught a client that they have 60 to 90 days in which to pay you, it is then very difficult to get them to start paying on time. To avoid this, make sure you and your client both agree to the credit terms when you set a new account up. This may […]