As mentioned in a previous post I am don’t know about you but a couple of my clients are not being transparent with me and not explaining why they are taking their time paying. I do not want to wave the heavy hand at them but to run a business smoothly you have to prioritise all your due payments and think that if you do not add fuel to your engine, your engine will eventually cease to work.
Below is a sample cash-flow template:
Remember rather than keep people stringing along or in the dark be transparent. If you have problems paying, explain this to your creditor. Creditors are human and do understand, and the worst thing you can do is avoid them. Creditors can give you more time to pay providing you are honest with them.