
10 Tips for Small Business
1. Take Control of Your Debtors / Receivables Start monitoring your accounts receivable on a more regular basis. Take note of any change in the payment pattern of your regular customers. Arrange for part payment where it becomes clear a customer is having trouble making payment. Make sure you send out monthly statements immediately after the end of a month. Follow up on slow payers. 2. Are Your Own Finances and Working Capital in Order Consider the possibility of an extended