Avoiding bad debt with better debtor management

debt-management-plan

Ask yourself – What would your business world look like if you could reduce your debtors by half?  What would you be able to buy for your business?  What cash flow problems would go away?  What would you be able to do with that money for your family?

We have compiled a list of 17 debtor management tips to ensure your cash flow management system is as robust as possible to keep your business healthy and growing.

These tips may seem obvious on reflection, but many businesses get bogged down and forget to apply these simple rules. Cash flow is crucial to the growth and survival of your business.  You may have won the sale but getting paid is just as important.

If you need assistance with your business please contact Lynda on (03) 9744 7144 or email lynda@mcmahonosborne.com.au our team is here to help.

General advice disclaimer – General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s