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TwitterWriten by Marco TerryAre you stuck with great but slow paying clients? It is interesting how your biggest asset (great clients) can also be your biggest liability. But that is how business is. And as an owner you must adapt.Whether you like it or not, slow paying customers are here to stay. As a rule of thumb, commercial clients pay their bills in 30 to 60 days. And lately, the trend has been deteriorating.
Posts Tagged ‘Invoices’
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Top Tips For Small Businesses To Survive The Recession
November 19th, 2008 
admin Here are some tips for small businesses to survive the recession …. courtesy of the everywoman network: 1) Know your cost base. What costs are fixed (ie, costs that you HAVE to pay) and what are variable (ie, that are essentially optional or that fluctuate with sales). Splitting costs in this way will help you to pay what needs paying and cut back on what doesnt. 2) Good credit control Dont let your clients use you as a bank, if they want a loan for goods or services – thats where they need to go!
Preventing Internal Theft
November 10th, 2008 admin This just in from Laurie Owen, Senior Vice President of Business Resource Services out of Seattle. They were at our ASBDC national conference and offer up this interesting article by way of follow-up.A convicted felon shares his story and the steps you must take now to protect your business from internal theft.It was so quiet you could hear a pin drop in the normally chatty group of jewelry store owners. The presenter spoke quietly, even a bit nervously.
Ideal Finance for Your Business
November 10th, 2008 admin A perfect combination of discipline, hard work and proper training can take your business to new heights helping you in accomplishing the desired success. Discipline is needed in every area in an organisation ranging from managing the employees, maintaining the environment of the organization, coordinating the work in the organisation or the finance. Maintaining discipline in the field of finance is the primary function of every businessman.
