Credit Policy for businesses and how to extend credit and manage credit risk

The U.S. is worried about the costs of labor, fuel and credit as we enter into a doozy of a recession, not making for a very happy new year.  Because of the credit crunch many businesses are delaying spending and hiring resulting in little growth for business everywhere.

How are you and your business reacting to credit concerns? 

30% of you are not taking any action due to the recession, while 29% of you are delaying or reducing capital spending.  24% of you are delaying or reducing hiring new employees adding to the unemployment crisis. 

How can you increase your cash flow when no one is or can pay you? 

With your credit policy, you can increase your income today by taking an active part in your credit policy and staying on top of procedure.  Uncover a gold mine of money that is owed to you by printing out your Accounts Receivables report and taking action on all accounts that owe you money.

Good luck in these hard times! Please email me with suggestions or questions!