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When late payment becomes a problem |   |
An interesting story on how one small business tackled late payment problems, published by The Times.
For Brigitte Tee-Hillman, almost a lifetime’s interest in mushrooms started when she was three years old, under the tutelage of her grandmother. It became a much-loved hobby and then, realising the dream of perhaps every entrepreneur, a successful business.
With the help of her husband, John, Mrs Tee-Hillman set up Mrs Tee’s Wild Mushrooms in 1992, supplying some of the country’s top restaurants with 20 different types of fungi..
...Where the firm has encountered difficulties, however, is in persuading clients to pay on time.
“Very good customers can be very bad payers. One of our best and most -valued clients regularly did not pay for three months. This had a negative effect on our cashflow,” Mrs Tee-Hillman says.
Read the full story at The Times
Posted February 17, 2006
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