November 21, 2024
Full articleChristmas is behind us. Now we are back at work, re-energised for a great year ahead. 2014 is over and we are a year further away from the bank crash, recession and all that nasty business. This can only mean one thing: more business, more income and an improving economy. Right?
Not according to Business Advisers BDO. In a recent report they warned that the economy may be stalling with the result that profits are likely to remain flat and incomes static. Further, they estimate that around 1,000 businesses will fall into insolvency and about 12,000 people will be made bankrupt in the next 12 months.
Will that be you? What can you do to reduce the risk that it is? The answer is simple: keep the cash coming in: manage your credit control. Do not delay in taking steps to recover monies due to you. If you do delay, you may not get paid at all. The old saying is so very true; if you snooze, you lose. No one else will look after your cash. You can bet if you are not chasing payment, then your competitors are!
Click here to see a related article from the BBC.
[info]
For More Information Contact:
David Alexander
Mobile: 07841920089
Direct Dial: 0131 516 5362
Email:dalexander@gilsongray.co.uk
[/info]
The information and opinions contained in this blog are for information only. They are not intended to constitute advice and should not be relied upon or considered as a replacement for advice. Before acting on any of the information contained in this blog, please seek specific advice from Gilson Gray.
