New guide launched to help companies deal with bad debt
Have you ever had trouble collecting payment from a customer? If so, then you are not alone. Around 40% of small and medium sized South East enterprises have had more customers paying late in the past 6 months, and two of the most common causes of business failure are late payment and bad debt.
To help you avoid payment problems, Business Link has created a free practical guide to getting paid on time. This guide covers:
- Getting the basics right - Don't let late payments ruin your business
- Invoicing - Make it easy for your customers to pay
- Managing cashflow - Stay out of the red
- Accessing finance - Is factoring or credit insurance right for you?
- Chasing payment - Resolve problems with minimum fuss
The guide will enable you to avoid common mistakes and focus your attention on what really works, saving you time and money.
You can download a copy of the guide by going to http://www.businesslink.gov.uk/bdotg/action/detail?itemId=5001339870&type=CAMPAIGN&site=210&furlname=promptpayment&furlparam=promptpayment&ref=&domain=www.businesslink.gov.uk
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