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How often should I review my budget?
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| Your business budget is a critically important tool that will help you to understand how your business in travelling. Therefore, it should be reviewed regularly (the D&B team would suggest monthly) to make sure you are on top of things and don't get hit with any nasty surprises. |
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Do I have sufficient funds to run my own business?
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| It is common for small business start-ups to begin operating with a limited pool of funds that would only keep them operational for a few weeks or months. This is often not the best approach as it takes time for a new firm to get established, get noticed and start making sales... |
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Am I cut out to work on my own?
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| Starting your own business, being your own boss, setting your own rules - it sounds like an ideal situation doesn't it? For some people running their own small business truly is a dream come true but for others, it can be a lonely and often times miserable experience... |
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Can I charge late payment fees on overdue accounts?
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| Improving payment terms is undoubtedly a benneficial move for businesses. However, before you go ahead and implement a late payment penalty it is important to ensure your accounts receivable process is as efficient as it could be.... |
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How many times should I contact late payers before I call in the collectors?
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| Every client is different and consequently it is difficult to apply a set number of contacts that should be made before a debt is referred to a collections agency for further action. Rather than thinking about how many times a debtor has been contacted it is often useful to consider whether the process that has been used is effective. |
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How do I get a DUNS number?
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| The D-U-N-S Number is the industry standard for business listings and is key to building your D&B company profile. In today's global economy, the D&B D-U-N-S Number has become the standard for keeping track of the world's businesses. |
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