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!
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