Ageing debtors can be as insidious as the rust on a vehicle, slowly and quietly wreaking havoc with your cashflow and ultimately, your profitability. Unless you have a process to steadily and regularly follow up debtors, unpaid invoices can slowly creep beyond that dreaded 60 day mark, where research shows most firms have lost their profit margin.
As Neil would say (sing) “Don’t let it bring you down”, instead put in place some ‘debt-proofing’ for your business with some simple changes that have been proven to reduce those arrears. No harsh chemicals required.
To find out how to ‘debt-proof’ your business, DOWNLOAD our free eBook “Grow your business, not your debt”.