| #1 Reason of 10 Businesses Fail with Internal | | | | When they don't know WHAT to do, they do |
| Cash Flow, Credit Risk and Collection Initiatives... | | | | NOTHING! |
| No formal policy | | | | In a recent study performed by Flagmen |
| Staff lacks experience | | | | Research Center the primary concern of CEO's is |
| Lack of manpower | | | | that of their current cash flow process,"lacking" . |
| Lack of Enforcement of Policy | | | | It seems that businesses worldwide have |
| The Customer is Always Right..."I Don't want to | | | | identified this as a concern. But what are they |
| Lose Them as a Client âNo Client tracking | | | | actually doing about it? |
| Wrong methodology | | | | This is the First of a Ten article series, I will be |
| Lack of credit reporting | | | | writing. Each article will discuss each one of the 10 |
| Waiting too long to outsource problems | | | | reasons why Internal Collections Fail, and in |
| Lack of an outsourcing partner | | | | retrospect why cash flow is plummeting. |