Tips For Survival In An Economic Downturn

If you are still feeling the effects of the economic downturn, try the following tips from Doug Richard, entrepreneur and Dragon.
2. COLLECT WITH PASSION

On a related point, manage receivables aggressively. Businesses are holding on to their cash longer than before, resulting in late payments. These late payments are having a ripple effect through the SME community. Receivables will trend up, and some of your customers may become troubled as well. Don’t keep extending credit.

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