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Business Breakfast: Debt control and cash flow
17 February, 2016 @ 7:30 am - 9:30 am
New Forest Businesses to target late payments
It is estimated that small firms are owed £26bn in late payments – and chasing debts costs them millions of pounds more. The Government is creating a commissioner role to deal with outstanding payments and supply-chain bullying, where suppliers are forced to cut prices in order to retain the custom of much bigger firms. Small businesses can often be at the mercy of larger firms who deliberately pay late. Cash flow problems caused by late payment make it difficult for some businesses to stay afloat and for others it limits growth and productivity, putting an otherwise successful business at risk. Here are some common facts and excuses surrounding debt control:
Uncertainty is the most stressful feeling.
“A budget is telling you money where to go instead of wondering where it went!” (Dave Ramsey)
– “The cheques in the post” – Is it?
NFBP member businesses have expressed their concerns about this issue and we are organising this event to provide information, advice and support. New Forest businesses of all sizes will share their experiences and express their views about these issues, discuss strategies with experts and work towards a solution within the New Forest business community.
Breakfast buffet is included.