Cash Flow Management for you Limited Company – Choose the right customers

Be selective about the organisations with which you intend to do business. This can be difficult if you are dependent on a few large customers or if your customer base is dwindling, but once your business has reached a manageable level of stability it is a good idea to research all prospective clients. You should:

• Obtain credit references on potential customers

• Ensure that the prospective customer knows your payment terms from the outset

This post was brought to you by Mathew Aitken at Companies Made Simple – The Simplest Company Formation Service

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