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Get Anyone Can Manage During Good Times

What should you do differently during a recession? Here are a few of the basics: Focus on receivables: In difficult times, bankruptcies rise. In every case, some trade creditors get stiffed. Some, however, do manage to get paid off before the ship goes down. Make sure you re one of them. Smart A/R management begins with a firm credit limit for each customer in both dollars and how old the oldest can be. Next, maintain a strong relationship with the accounts payable person at each of your.

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