13. Getting your debtors under control
Description
The logical next topic, following on from our episode about how to manage your cash flow. If you're sending out invoices and 'hoping' that people will pay you by the due date, it's time you take 'hope' out of the equation and bring a little certainty in.
Partner at Godfreys Law, Brad McDonald discusses with credit manager, debt collector, and Partner at Undercontrol Credit Management Jeannette Kwant about how to keep the money coming in, including:
- Why people don't pay invoices, and how to make them pay;
- How to put terms in place that protect your business; and
- Jeannette's top three tips to make sure people pay on time, improving your cash flow cycle.
If you have questions about credit management, terms of trade, or debt collection and you'd like to know more, you can contact Jeannette here.
The Real Solutions Business Podcast is presented by Godfreys Law - A Christchurch based law firm, serving Canterbury for over 140 years.
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