Encouraging prompt payment is at the heart of good cashflow management. Conversely, late payments by your customers can make your business vulnerable as you risk getting into financial difficulties. So how do you encourage prompt payment by your customers? Read our top tips below for some practical ideas.

Why do we use experts? To predict the future. Consider a patient who is asking a physician about the future effects of a certain drug, or the investor who is asking a stock analyst about the future prices of a certain stock, or the manager who is asking a human resource manager about the future performance of a certain candidate, or the brand manager who is asking a market researcher about the future sales of a certain new product. Should we believe these experts? History tells us that accurate predictions of the future are rare. Many examples exist where the brightest and most qualified individuals failed to see the future. This series of articles presents examples from the arts (see part I), business (see part II), and science (see part III).

Ok, really. How tough can networking be? It involves TALKING to people and I talk to people every single day. Why do I constantly need to learn how to network? Why do I need to constantly develop networking skills? Why is it recommended that I participate in GROUPS that only have a focus on networking? It just can't be that tough.