Beware of Zombie Companies | My Top Business Tips for Small Business Advice
12 Oct 2020
So-called zombie companies are businesses that function day-to-day, but cannot pay off the full debt they owe or find cash to invest and grow.
Beware they are coming to a city near you !!!
Below are my top 4 business advice tips to help your business stay healthy and ensure you get paid in this current covid19 crisis.
Key Tip.
A sale is only a sale once you have been fully paid.
Key Tip.
Work closely with your credit control team to keep a close eye on moneys owed and by whom.
Key Tip.
Consider revising your trading or payment terms maybe asking for more deposits or payments upfront.
Key Tip.
Check out if a new customer can pay (credit check) before you do any major projects for them.
www.kieranperry.com UK Business Expert
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