Early Warning Signs & Symptoms of Bad Debt from Inside Your Business (Part 1)

 ‘It is health that is real wealth and not pieces of gold and silver” – Mahatma Gandhi

So, you want to find out if your business is healthy and successful?    A look at the Balance Sheet and the Profit and Loss Statement at the EFY can certainly provide us with a good overall view of what is happening in our business. But there are other tell-tell signs which would warn us sooner of impending cash flow and debt problems!  Unless, we specifically look for these signs they are hard to recognise.  It turns out, that by proactively monitoring and analysing information related to your unpaid debt and by recognising early bed debt symptoms; you will be doing one of the best self diagnosis of the health of your business.  Continue reading