I travel around regularly from my base in Canberra in the ACT to the country areas of New South Wales such as; Goulburn, Cooma, Wagga Wagga & Yass discussing everything from effective debt recovery services to what clauses you require in correctly written Terms and Conditions of Trade.
All of the business owners I speak to throughout Canberra and the NSW country regions seem to have the same common areas where they are not protecting themselves. Generally businesses are good at providing quotes for their goods and services, delivering the product or job and then invoicing for these. However they then become time constrained or the avoidance factor kicks in when it comes to following up their outstanding invoices.
There are a lot of people in Canberra and Goulburn in particular who mention to me how slow a number of their clients are in paying and are looking for a solution to improve the cash flow of their business.
If you are located in Canberra, or the surrounding country regions of NSW such as Goulburn, Cooma, Wagga Wagga or Yass, and want to improve the cash flow of your business, I'll be happy to sit down and discuss with you your specific situation. The solutions you need may vary from assistance with; debt recovery, updating your Terms and Conditions of Trade, credit checking services through Veda or PPSA compliance. Making the time to sit down and discuss with me you how you can improve your cash-flow and what Credit Management strategies are legally required to protect your business (such as Terms Of Trade) will help you improve your cash flow in the future.
Being the start of 2016, now is an ideal time to review your current credit management strategies and Terms of trade documentation to ensure you start the year off on the right footing.