Advice on preventing late payment

Farmers worried about managing cash flow could benefit from new advice from Business Link. The practical guidelines are designed to give businesses of all sizes and sectors advice on how to manage and prevent late payment from customers.

“Plan your cash flow, keep close to your customers and suppliers and, most importantly, keep on top of your debts,” Business Link adviser John Grange said. “If your forecasts show late payment is going to plunge you into the red, remember that although bank funding is not as easy as it was, other funding bodies are still open for business.”

Call the Business Link helpline on 0845 600 9006.

Futures markets and commodity risk management online course:

  • Risk management strategies for a more predictable financial performance
  • Educated conversations when collaborating with your advisors
  • Negotiate better prices with your grain merchants

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