Credit Management: Remember that not all debt has to be bad debt
There are steps you can take to ensure successful cashflow, writes Dave Boland.
Acase can be made that, despite Ireland's credit-related woes, businesses require credit now more than at any time in recent history. Eddie Barron, chief executive of debt recovery firm AB Wolfe & Co, describes credit as "debt separated by the passage of time", and says that debt is not in itself a bad thing; but that bad debt can be detrimental.
"There is now a greater chance that credit will turn to debt, and therefore...
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