Assessing Business Risk
Assessing and identifying business risk is a crucial first step when making decisions about extending credit or selling extensively to a specific industry. Obtain as much information as possible when dealing with companies in depressed industries.
In today’s economic climate, any business that’s even remotely connected to the construction and development sector should be viewed with caution. That includes a wide range of companies from carpet manufacturers to home builders. Unless there are convincing reasons to sell extensively to companies in troubled industries or extend credit facilities, it might be advisable to limit exposure and ensure your terms of sale reflect both the client and industry. (read Business Cash Flow Problems post)
We can help you determine what business industries are currently considered high credit risk. Have specialists advise your business in what industries have a successful collection rate.
Commercial Collections
Debt Collections Price Quotes for your business debt
