Setting a price for your product/service can be very difficult. Too high and you run the risk of putting customers off, too low and you will make very little profit (if any). The price that you set should be influenced by many aspects of your business; it shouldn’t just be plucked out of thin air….

If you are considering extending a line of credit to your customers, you need to be sure that you are not damaging your own cash flow and risking your business. It is important that you do your due diligence on a client before entering into a credit agreement to make sure that they will be…

As the miserable Autumn weather begins to roll in and the evenings are getting darker, we start to prepare ourselves for a bleak few months ahead. Don’t let your business become unproductive and sluggish during the cooler months. Summer is typically a more prosperous time for most businesses, what you do in the upcoming quieter…

Successful credit control may be one of the most difficult aspects of your business, as your company grows it becomes even more difficult to keep track of all of your paying (and non-paying) customers. Our clients come to us because they are struggling with late payments, their customers are avoiding them, and they’re unable to…

It can be difficult to know which customers are worthy of credit. The best way to avoid late or missed payments is to request a credit check on potential clients. A credit report gives you access to business’ key financial information; this information can help you to make a decision about who to work with…

Ups and downs are an inevitable part of business and not always something to be concerned about. It is vital that you can identify the mountains from the molehills, this can mean the difference between staying afloat and sinking. Outgoings more than incomings Forecasts may be dull, but they form the foundation of good credit…

If you are a B2B company, then you rely on trade payments to survive. Unfortunately, late payments have become an accepted part of the credit control process; this shouldn’t be the case; late payments should be avoided where possible and fought. To go some way towards eliminating late payments some businesses are implementing an obligatory…

Good customer service is the basis of any business, but it is something that is often neglected in exchange for more pressing tasks. If you take the time to look after customers then over time you will build your brand loyalty. Customers are more likely to offer repeat custom to businesses that look after them…

It may seem counter-intuitive but late payment of invoices can actually help you to advance your business. Commercial Domestic Investigations has over 25 years of experience dealing with commercial credit collections and we understand the power that a concrete collections procedure can have on both your clients and your business. Building an effective collections policy…

In today’s market the majority of businesses have some form of competition, with the rise of the internet, smart-phones and technology it has become even harder for your business to compete. There are some simple steps that you can take to stand out from the competition. USP Your business may share similarities with hundreds of…

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