If you’re spending your early mornings and late evenings chasing payments, you’re not alone. SMEs in the UK spend 56.4 million hours a year chasing overdue payments, most of which is done after hours. And at any given time an SME has nine outstanding payments.
The phrase: “cash is oxygen” is often used to describe the small businesses, meaning they should get paid on time, all the time. But is it always the customer’s fault if payment doesn’t come on time? What can companies do to stop chasing payments?
RIABU’s Simon Littlewood and Mark Laudi talk about the need to manage your receivables and customers properly, and why if you find yourself always chasing payments, it’s always too late.
How to get out of contracts you can no longer afford
"Trust gets paid": building customer relationships in the oil & gas industry
How do you talk to your customers if your company is winding down?
Get paid or go under: Lessons from a successful specialty chemicals firm
How large companies get their invoices paid: Insights from the CEO
Could Fringe Benefits Tax cut boost SMEs' post-Corona business?
Why are Australian SMEs reluctant to take up Covid SME Guarantee Scheme?
How to put your business in hibernation mode, ready for a post-Covid restart
What can SMEs learn from China's debt shake-out
Is your SME a zombie company that is just surviving on payouts?
What will happen to your SME if there is a second wave?
To those people who think SMEs deserve to be paid late
Second Covid wave: How can SMEs prepare?
How to finance your exports post-Covid
What will happen to SMEs when the Covid financial relief ends?
How freelancers can get paid on time
What to do if a customer is going broke
How can you stave off bankruptcy post Covid-19?
What happens when Covid support ends and deferred costs bite?
It's not funny: Ad agencies decry clients who pay their invoices late
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Bank of America Treasury Insights
How I Crushed It
Pharmacy Podcast Network
The Ramsey Show
Planet Money