Posts Tagged ‘Debt’
7 Useful Tips For When A Customer Goes Bust
Big or small, we could all face that sickening notion when one of our Customers gets pulled into some sort of insolvent triangle. The kind that means you can’t get in to take out what you’re owed. “I’ve gone bust” “We’re shut, go away.” “We have entered into liquidation/administration” “We’re about to go bust, but…
Read More7 Tips For Struggling Business Owners (From someone with experience)
What are KPI’s? It’s a widely used acronym to decipher one’s role within an organisation. It stands for ‘Key Performance Indicators’ and it ensures you’re performing to the best that you can be. But what about when you are running your own business? KPI does not stand for the aforementioned measurable targets by which you are…
Read MoreHow to avoid debt collectors showing up at your door
There are countless articles out there explaining what you can do when a Debt Collector/High Court Enforcement Officer turns up on your doorstep. (Whether they appear at your front door or at the office.) … but what can you do to avoid them showing up in the first place? This information seems to be very…
Read More12 Effective Ways To Get Money Out Of Your Customers (Quickly)
There’s so much to take into contention when running a Business: Spiralling costs Rush of new sales Getting in old debt as quickly as we can Getting out there and chasing for new business Ensuring that account management on existing Customers is going smoothly. And these are just the tip of the iceberg, without having…
Read More5 Way To Deal With Being Evicted
Is the Court system prejudicial towards victims? … Or do some companies just abuse their dominant position in targeting the vulnerable? Repossessing and evicting tenants is sometimes necessary … But the grounds to overcome it can apply so much pressure it can cause people to feel helpless. It’s reminiscent of an old episode of the…
Read MoreIs There Ever A Right Time To Write Off Bad Debts?
This question has been posed to me many a time from SME’s and key decision makers. This should be guided by your Accountant, but realistically it really depends on your business circumstances. Many examples spring to mind regarding an ‘ideal time’ for a Bad Debt Write Off, here are just three of my experiences while…
Read MoreCompany Directors Behaving Badly – Part 1
Over the next couple of weeks I’ll be looking at Creditors rights. What they can do to keep on top of their credit checks and what restrictions are placed on Directors who continue acting without making changes. This week I’ll be exploring what Rights Creditors actually have. For businesses large or small in respect of…
Read MoreWhy Dealing With Complaints Makes Financial Sense
Having been committed to various roles in ‘Recoveries’ for the last decade or so … The sceptic in me always does a rigorous check to see if all angles have been covered before legal action is even considered. Now, you might be thinking – “Yes, I’ve covered everything All my letters/calls have been ignored.” Are…
Read MoreThrough The Looking Glass: When Debt Breeds Fear
Sitting in between my Clients; ‘Mrs’ on the left and ‘Mr’ on the right. Whilst talking, every so often ‘Mr’ would look over his shoulder, past the Mercedes on his driveway and out into the street. The same pattern would continue throughout through the meeting. Eventually I couldn’t help but agitatedly ask – “Why do…
Read MoreWow, what do you mean you’ve gone bust?
Wow Air, Primera Air, Flybe, XL….. What do the above have in common? Well, they’re budget airline carriers who operate in a no-frills capacity. It’s estimated that around 30% of airlines who start to operate go bust within the first two to three years of trading. But why? Simply because of high operating costs, broken…
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