If only you land that one big client? It will put an end to all your cashflow worries, yes? Well, no actually, it won’t. Putting all of your eggs in one basket, that rings true with this business myth.
So, if your customer fails to pay you, what can you do? Firstly, ensure you know the actual reason that you have not been paid - there are many reasons this could be.
I started my career in the Invoice Finance industry in 1996, after starting my working life as an Articled Clerk, training to become an Accountant, I worked for a Chartered Accountants firm in Coventry.
Many large corporations are now realising the value of good health and putting it at the forefront of their employee wellbeing programmes; many are installing meditation and games rooms and providing complimentary fruit snacks.
Fact: Twice as many customers talk about their negative experiences than their positive ones. A huge part of outstanding customer service is the way a business looks at a situation - how they can turn a reactive situation into a proactive one.
From the 1st April 2019, all VAT registered businesses, with a turnover of more than £85,000, will be obliged to keep digital VAT records, referred to as Making Tax Digital (MTD).