Business Debt Prevention™
Status: Define & Implement Business Credit Policy
Remedy: Long Term Strategy
“Clear, written guidelines that set (1) the terms and conditions for supplying goods on credit, (2) customer qualification criteria, (3) procedure for making collections, and (4) steps to be taken in the case of late payments from clients”
When most businesses hit a rough patch it is usually acknowledged by Senior Management seeking the services of a Debt Recovery or Debt Collection professional. Whilst this has to be applauded it is usually the first sign of a bigger problem within the business and one that is a “clear and present danger” as to the survival of the business and any progress that can be made in growing the business.
Services: Non-Executive Directors | Business Turnaround & Restructuring | Litigation Funding | Factoring & Invoice Discounting |
Benefits: Strategic implementation, restructuring & prevention of long–term debt problems.