A LeadGen.com Perspective

Warning signs in a recession: DEBTORS: increasing age, credit limits exceeded, increasing reliance on individual customers, increased bad debts and credit/debit notes. So, what can you about these things?

Swifter invoicing, better credit control, reviewing credit periods offered, obtaining payments on delivery, factoring or invoice discounting, use collection agencies. Rule of thumb here: Even a small increase in age can mean the chickens have come home to roost. Do not die of a thousand cuts. Recognize the problem while it’s small.

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