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How to Manage Your Accounts Receivables in a Recession

It is so hard to get a loan these days as banks are tightening their credits. And so should you! To help ensure that your business survives, you need to reassess the way you manage your accounts receivables.

We have posted an excellent article by Jennifer Stacey on how small businesses should manage their accounts receivables in a period of economic downturn. From the article

As we all know, a company’s receivables count for approximately 40-50% of their actual assets. With the economy in chaos we need to revise the rules of the game. Or at least start the game over and play by the rules! Face it friends, businesses are sinking, and if you wish to stay afloat, you must safeguard your “life jacket”. In this day, age, and market, our life jackets ARE our receivables.

Read “Small Business Receivables Management in a Recession – Rules of Engagement Have Changed”