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There are three Cs to running a successful business: Cash, cash and cash.
As long as you’ve got plenty of cash coming into your business (and not quite as much flowing out), you have a viable operation.
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If your customers do not pay you on time (or at all), then they are inflicting serious damage to your business. It is something that is so often over looked as ‘one of those things’
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Unless you’ve got mortgage-free commercial premises or machinery, the biggest asset in your business is probably its sales ledger.
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Small companies have, for years been vulnerable to slow payments from large clients. Severe late payment can even lead to insolvency in the worst cases. In most cases, chasing payment and managing debtors is a day-to-day task for many small businesses.
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