Financial risk management is one of the most important skillsets of management.
It is vital to understand the risk which is associated with all business enterprises, particularly your own!
Financial risk management is not just about debt collection, unpaid invoices and fraud.
How well do you manage your financial risk management issues?
If in doubt, Credit Matters is the right starting place for you.
If you are a specialist supplier of financial risk management products and services, then you need to be listed in Credit Matters Better Business Club.
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informative & helpfulfor all tradespeople.
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This is certainly needed and valuable advice, so well done!
Having reviewed “A Guide to Help Business Tradies Get Paid”, I believe this could be a useful tool to consider for any tradie wanting to start a business.
It is easy to understand and user friendly. It provides a good guide to jump start your business and relevant topics to consider before and after starting your business.
Having this document in your phone would be a good quick reference guide.
I have been in the building industry for over 40 years and would recommend this guide.
The information included in setting up a company is really accurate. The more planning and consultation you can do before starting up the better.
Having been in business for over 40 years, I certainly agree with all the set up advice.
This is such a valuable document for any tradesperson contemplating starting a business.
It is full of information vital to establishing a business from scratch including one of the most vital aspects of business, getting paid.
I wish I had access to this information at the start of my career.
By Kim Radok, May 2018
My perspective on the “how and why” recessions occur, the preceding indicators and suggested action to survive them. The purpose of this article is to share experience, knowledge and insight for the many business professionals that have either forgotten the pain of the previous recessions, not experienced one in their working life and/or believe the “modern world is recession proof”. As a result, many of these individuals may consider themselves to be immune to the catastrophic ramifications.
Understanding and acting on the following information may help you protect your financial and emotional well-being........
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Click here to view a list offor businesses who specialise in Risk and Fraud
If a business has debt and doesn’t pay, a debt collection agency will be on the hunt to track the money down. That’s where Dean Kaplan comes in. As CEO of The Kaplan Group, a commercial collections agency that deals with business debt, his company has collected tens of millions of dollars to return to their clients.
“We’re very motivated to collect the money” Kaplan says. “If somebody’s business got into so much debt that they have to go out of business, then I want that to happen, because otherwise they’re going to take advantage of more people who keep doing business with them.”
Read the Full ArticleThe free Members Area includes special features which may not be available to the general public.
The fundamental purpose of our Members Area is to build an environment where business people and students can learn and understand the issues associated with financial risk management in the business environment.
In this forum we give you the opportunity to ask a question and have it answered In this resource section the articles on financial risk management help you understand, learn and use in your business.
Joining a professional body shows you are interested in the development of your career. There will be many professionals which will not show a similar initiative. Today, you need every advantage in this very competitive business environment.
Professional bodies provide the following opportunities and advantages and an acceptance of your professional qualifications by your peers.
If you are not yet a member of a professional body, review the professional bodies listed with Credit Matters to add value to your career.
Government agencies are a source of helpful and valuable information to mitigate some of the risks of operating and managing a business. The information is designed to help you operate within Government guidelines and Legislation. In addition, you will also find information to help you understand your rights in business.
In today's world, ignorance is no excuse.
Credit Matters has provided these access details to Government Agencies to keep yourself better informed and help you to better navigate the world of business.
The following conferences or expos offer a great chance to connect with other professionals and keep up with the latest trends in credit, finance and risk management.
These blogs are designed to motivate business people and other professionals to improve their business operations to better understand financial risk management issues.
Improving the way you manage your financial risk management obligations, will assist to improve sales, cashflow and profits, whilst enhancing stakeholder relationships.
What is the value of characterising your customers into different groupings?
Characterising your customers by region, purchasing power, sales group, type of business, or product and services purchased makes sense.
However, when we characterise any group of people in real life, prejudices can build up. Managing a business is no different. When customers are characterised in any particular manner, profitable opportunities can be missed because of a perceived prejudice.
Read MoreContributing to our position as Australia’s premium Financial Risk Management resource, our management globally explores and surveys relevant and valuable articles published by respected professionals, academics and organisation. The articles offered here are suggested reading for any Business Owner and Financial Risk Management professional.
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Credit Matters is an essential MUST DO tool for all potential and existing businesses to ensure all threats of diminishing the financial viability are identified and treated. The fields of fraud, theft and deception are complex and often flourish when persons and businesses will inadequate preventative tools are purposely targeted by the fraudster. Credit Matters provides colleagues with ‘criterions to think with’ in relation to preventing crime for colleagues and their businesses. Credit Matters is a proactive source in all categories of business loss management promulgating best practice based on experience and quantified financial preventative achievements. Credit Matters is a free service and has made great contributions to the industry. Credit Matters Founder Kim Radok is one of the most respected practitioners in the field of financial management. It is recommended for all colleagues to visit Credit Matters Website.