Confident Cashflow

In this guest Blog from Richard Brown – Development Director – Credit Assist Ltd, he explains how credit references agencies provide more than just credit reports and how these other services can be utilised in your business. In Richards own words…. I’d like to follow up on Nicki’s excellent Blog from 14th December re. ‘9…

Why bother with a credit check? When you extend credit to a business customer, you are basically taking cash out of your business and lending it to them. Would you lend your own money to a stranger, knowing nothing at all about them? So why would you do that with your business’s money? When you…

Opportunity cost is defined by Oxford Languages as “the loss of other alternatives when one alternative is chosen.” In a recent coaching session, I was reminded that everything we do is a choice. Even if that choice is to do nothing. Which means that everything we do has an opportunity cost. Here’s an example close…

When you started working, Credit Controller was probably not in your top ten of preferred job roles. It wasn’t even on my list, I fell into it, as most credit professionals do, so I’d be very surprised if it was on yours! But now you’re a business owner, love it or hate it, it’s one…

Are you thinking about offering credit to your small business customers? There are pros and cons to extending trade credit. With trade credit, customers purchase products or services and receive a bill sometime later or with a due date in the future. Because customers don’t have to pay at the point of sale, they may…