Credit Control Tips
5th August 2013
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CREDIT CONTROL TIPS

by

Steve White

What is Credit Control?

Credit Control is a vital part of running any business. It sounds like a complex financial process but in reality is just a set of simple steps taken to ensure you get paid on time. Every business no matter how large or small needs to have a credit control process.

  1. Clearly set out your expectations
  2. Consider credit checking
  3. Make it easy
  4. Encourage prompt payment
  5. Have a clear procedure
  6. Think survival!
  7. Plan ahead
  8. Alarm bells!
  9. Don't be afraid to take action
  10. What to do next


Remember, in 2010 136,000 businesses folded - don't let this happen to you!

This blog is written by Steve White from Thornbury Collections.

http://www.thornburycollections.co.uk/

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