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How to protect your business through a fast growth phase?
A guide for ambitious, growing businesses
Entrepreneurial business is the key to getting the economy growing again
4.5 million private businesses in UK, employing 23 million people, with £3.1 million turnover
The life blood of a healthy economy.
These businesses need protecting.
Do you know the risks to your business through a growth phase? Good credit management is a key.
Five steps to a sound credit management strategy
1. Know who your customers are
2. Know your supply chain
Credit checking your supply chain
3. Credit limits
Have stringent processes and make sure they are kept to
4. Working capital requirements
Understand how much cash you will need to grow the business
5. Credit insurance
Take out a credit insurance policy and that will help too
Added 16 AUG 2012, 5:41 AM EDT
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