Saturday, 4 December 2010

What does the future hold for you?

I received the following from a colleague and it should make you think.

2010 is almost over, there's just the run up to Christmas, then a few hectic days and before you know it the New Year will be here and it's 2011 . . . . . .

Here are a few sobering thoughts for you:
1,000 people are seeking some form of formal debt rescheduling every working day.
Citizen Advice Bureaus dealt with 9,000 new debt problems every day in England and Wales
381 people everyday of the year will be declared insolvent or bankrupt. This is equivalent to 1 person every 52 seconds during the working day.
1,359 Consumer County Court Judgements (CCJs) were issued every day during Quarter 2 2010 and the average judgement amount was £4,063.
103 properties were repossessed every day during Quarter 2 2010
328 people a day became unemployed for more than 12 months during the 12 months to end August 2010
£23.0m plastic card purchase transactions will be made today with a total value of £1.148bn.
In addition, it has been announced that over 1000 business are going in to liquidation every month.
As we enter 2011 it now more important than ever to remember the golden rules of business. Turnover is Vanity, Cash flow is SANTITY. Always credit check new customers and if you're not sure who can carry out a credit check visit www.deanemcollections.co.uk. To encourage prompt payment increase prices for those who ask for longer than your set terms and never be afraid to ask for your MONEY.

If you’re unsure about chasing overdue invoices, as they are owed by “your best customers” ask a third party agency.

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