Even companies with the most rigorous credit control procedures run the risk of incurring a bad debt should a customer fail. For smaller companies, incurring a significant bad debt can result in the end of the business itself.
Work out a budget – and stick to it. It’s all too easy to overspend at Christmas. We all want to give our loved ones the best that we can, and to be taken in by all those tempting adverts and offers.
Christmas is an expensive time of year. We all want to have a good time and give our loved ones the best that we possibly can. The cost of food, drink, entertainment and presents takes a toll on all our finances, and it’s an especially worrying time for those who struggle to make ends meet.