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Debts of Poor Quality – Strategies for Mitigating Bad Debt in Business
This structured lesson ensures students grasp the importance of managing bad debt and equips them with practical strategies for business success.
Description
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]
4. Effective Debt Recovery Techniques
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.
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…
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…
Cafetalk's cancellation policy
Before request is confirmed (fixed)
- Cancellation possible at any time without charge.
After request is confirmed (fixed)
- More than 24 hours before lesson start time.→ Cancellation is possible at any time.
- Less than 24 hours before lesson start time.→ The tutor may take a cancellation fee.
-
No-Show→ The tutor may take a cancellation fee.
(Please check with the tutor for details.)
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