It seems, when a customer doesn’t pay there’s little you can do. You can try legal action but it’s expensive and even if you win the case there’s no guarantee of getting paid. So what other choices do you have?
Colin Porter, CEO of Creditor Watch talks about a new online registry where you can report on bad-debtors and check out the credentials of potential new customers. It’s part of a mix of tools that includes getting your paperwork right and following rigid processes within your company.
Find out more about Creditorwatch and other ways to avoid bad debt in this edition of BTalk.
-
Tight squeeze or a gentle touch
Two surprises today. First, the BoE was close to raising rates by half a percent. But NAB’s Gavin Friend says markets moved most to ECB hints that a rate rise might happen this year after all.
-
RBA ready for the bounce back, eventually
The US has come back from the long weekend with cautiousness in the air, says NABs Rodrigo Catril. The outlook is still positive, just a bit slower. The same reason the RBA started tapering, but won’t take further steps until next year.
-
Capitalism without capital accumulation
There are two drivers for capitalism – the desire to consume and the desire to accumulate. Is it a problem that most of us no longer have hte means for the latter?
