These are somewhat unique times and many business owners face an uncertain future. However, there are a number of things you can do to minimise the risk of bad debts and to keep your cashflow positive.
Make chasing payments from clients the first task you undertake each day. Don’t just email them, give them a call. Chasing payments can be time-consuming and distracting. It can mean wasting days, if not weeks, of unproductive time. Late payment may be something larger companies practice,