Debts of Poor Quality – Strategies for Mitigating Bad Debt in Business

40Min
5,000 P
Google meet icon Lattep icon
Tiene clase de prueba
10Min
300P
This structured lesson ensures students grasp the importance of managing bad debt and equips them with practical strategies for business success.

Detalles de la lección

Why This Course is Essential (And Worth the Investment)

Bad debt is a major contributor to cash flow issues, business failures, and financial instability across companies of all sizes. This course offers advanced, practical strategies aimed at reducing financial losses, enhancing credit control, and securing long-term profitability.

[What Students Will Gain from This Course]
1. In-Depth Insight into Bad Debt  
- Explore the definition, types, and real-life examples (such as corporate bankruptcies that stem from bad debt). 
- The effect of bad debt on financial statements (balance sheet, cash flow).  
 
2. Advanced Credit Risk Assessment 
- How to effectively evaluate customer creditworthiness through financial ratios and scoring models.  
- Utilizing resources like credit reports.
3. Proactive Prevention Strategies  
- Setting strict credit policies (contracts, payment terms, penalties).  
- Automated invoicing & reminders (using QuickBooks, Xero, or FreshBooks).  
- Early warning signs of potential defaulters.  

4. Effective Debt Recovery Techniques
- Diplomatic negotiation vs. legal escalation.  
- How to work with collection agencies and 
small claims court.  
- Restructuring debt for long-term customer retention.  

This lesson not only teaches theory but also offers actionable, profit-protecting strategies that benefit you and your business.


Let’s dive into a more engaging and thrilling learning experience! Looking forward to seeing you in class…

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Gideon Osim
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in
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3

Horarios disponibles  

Mon 16:00 Tue 07:30
Tue 16:00 Wed 07:30
Wed 16:00 Thu 07:30
Thu 16:00 Fri 07:30
Fri 16:00 Sat 07:30
Sat 16:00 Sun 07:30
Actual availability may differ. Please check when you make a request.
Shown in Asia/Tokyo time.
Debts of Poor Quality – Strategies for Mitigating Bad Debt in Business
40Min
5,000P
Google meet icon Lattep icon
Tiene clase de prueba

Gideon Osim

from
 
in
 
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