By nature, not all future events can be fully prepared for, but you can equip your company with the tools necessary to fend off potential threats by developing specific plans for certain situations. Contact us for a free meeting and read below for a few helpful insights 

1.) Stay in the now. It’s easy to get caught up in your own little world or bubble, but that’s an important trap to avoid. One of the best ways to combat financial uncertainty is to stay abreast of economic indicators. Unfortunately there are significant numbers of liquidations and debts rearing their ugly heads in New Zealand and the local operators 

2.) Prepare for multiple outcomes. Its wise to stop assuming the most likely outcome will turn up at the conclusion of every situation. A successful company prepares for multiple outcomes regardless of what’s expected. Foresight enables you to respond effectively to things like debts and liquidations and ensures that you in line for your money as a Secured Creditor by having PPS Registrations and robust Terms of Trade protecting your cash-flow 

3.) Consistently review. A forward-thinking company understands the value of analysis. Are you consistently reviewing your business plan to ensure it is current? Similarly like your Terms and Conditions, is the paperwork protecting all your hard work and effort up to date as the income from a business for most is their livelihood 

4.) Build relationships. In times of real trouble, is a computer going to help you regain solid footing? Its possible, but unlikely. What you really need is support from EC Credit Control and our easy to use and follow systems to increase your professionalism and keep the funds flowing through your business  

The most important thing for Business owners and account payable managers is to prepare for potential cash-flow issues and do their best to minimise these and take a prevention approach by contacting me for a free consultation to see how things are going and to ensure your business is in the best possible situation to handle potentially large issues, significantly easier and at far less cost. 

Prepare and prevent, do not repair and repent in business. It is easy to get caught but far less so with proper credit management structures with credit management specialists EC Credit Control