All businesses encounter late payments at some point, that’s just an unfortunate truth. How you deal with a late payment however, is up to you. Employing procedures and following best practice before the payment is overdue is the best way to avoid a late payment. Before the payment is due From the beginning, a business…

A huge amount of businesses are forced to close every year because customers are not paying their invoices. At Commercial Domestic Investigations, we don’t want you to become part of that group and so we wanted to share some foundations of credit control that you can put into action. For an SME it can be…

Setting up your own business is a fantastic achievement and definitely something to be proud of, but there can be some difficult decisions to make and setting up as a sole trader or a limited company is just one of them. Unfortunately friends, family members and maybe even previous colleagues will all give you advice…

If you are taking on new clients, and have a lot of money coming into your business account it is not always enough, if your customers don’t pay you then your business will struggle. There are some common issues that businesses face when collecting commercial debt and you shouldn’t feel alone, nearly every business has…

In the current climate, it is becoming increasingly difficult for businesses to secure financial help. This is particularly troublesome for SMEs, some of whom have only just started trading and don’t have a lengthy business history. A good way to improve your chances of securing finance is to build and maintain a healthy credit score….

It is clear that your business will only last so long if you are not making a profit. If you are attempting to improve your profitability then it is worth taking some time to understand which aspects of your business are losing the most profit. Don’t forget fixed costs When quoting a price to customers,…

SMEs have a lot of external factors influencing their success, credit control being the main factor; however internal mistakes and issues can have a huge impact on how successful you will be. These internal issues all centre around one common theme – complacency. At Commercial Domestic Investigations we wanted to share some of the most…

Success in your business always comes to cash coming in; if you have enough cash then you can continue to do business, but what about your employees? Without them there would be no business at all. If your team don’t mirror your company values or don’t feel valued, this can also impact on your business’s…

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