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.