Culture is often talked about as one of the most important things to ensure a successful company. Without a positive work culture, employees are understandably less motivated, inspired and productive, leading to a loss in sales and growth further down the line. Start-ups are renowned for having a great culture. Their agility gives them the Read More…
Wolf amongst the sheep: does your business have any bad debtors hiding in its flock?
Sun 25 March 2018 - 3:02 pmCashflow | Featured | Small Business
With companies increasingly defaulting on payments, going into administration and getting wound up by the ATO, small to medium businesses are more vulnerable than ever to bad debtors.
To safeguard their bottom line against slow and non-payers, it is necessary for businesses to perform due diligence on their customers and otherwise maintain an effective credit management system.
Our most recent webinar featured Patrick Coghlan, Managing Director of leading credit reporting bureau CreditorWatch. To help subscribers lay the foundations for better credit management in their businesses, he provided actionable insights around determining a customer’s credit worthiness, establishing a ‘prompt payment’ credit policy and effectively managing high risk customers. At a bare minimum, Coghlan said small businesses should abide by what he called the “6 REs of Credit Management”. To learn more, watch the recording:
- July 31 2020 Taking a phased approach to founding a startup
- July 30 2020 Startup investment continues to rise in 2020
- July 29 2020 Let’s talk: Technology and business
- July 28 2020 Founding a startup during a pandemic: Advice from UNSW founders