Many SMB owners think that that debt management is frustrating, repetitive and even awkward, but it doesnt have to be. When approached with professionalism and a clear plan of attack, the right debt strategy could save weeks worth of work per year, while also doubling or tripling working capital.
So, why isnt everyone doing a debt detox? Business owners often blame cash flow problems on sales, inventory, pricing, competitors, the economy, without realising that the real issue lies in credit control and debt management.
Does your business need a debt detox?
- Your business takes too long to collect its account receivables and days sales outstanding is growing
- Your staff …
Read the full article at: http://www.dynamicbusiness.com.au/small-business-resources/finance-cash-flow/how-a-debt-detox-could-help-your-small-to-medium-business-in-the-new-financial-year.html