Credit limit rejected? A guarantee from the parent company can give the right push!
Suppose the credit insurer cannot provide cover on the debtor you are doing business with. Then it may pay to seek a guarantee from the parent company and have the limit reassessed. Credit insurers can then - by guaranteeing the parent for any losses - issue a (higher) limit on the debtor.
Delivering on credit? Do it smart!
Every entrepreneur has to take risks, especially in the beginning. But as the business grows, the risks become greater and also often less transparent. Good entrepreneurs know how to manage risks well. But unfortunately, they do not always succeed. Being an entrepreneur also means being able to deal with setbacks, learn from them and carry on. Falling down and getting up again. And it is essential to learn from mistakes.
Don't just sign at the cross
It's all about the click. But there is more, of course. The click has to be good, but without expertise, you won't get anywhere either. And we haven't even mentioned unburdening customers. But often it starts with the click. Even if you decide to switch jobs. If you give up something for something new, it has to feel right. Emine can only endorse that.
Entrepreneurship is about taking risks
As an entrepreneur, you have to take risks. But calculated, of course. Where you limit risks as much as possible. Ultimately, it should not jeopardise the continuity of your business. Yet irresponsible risks are still taken within companies, which in some cases even end in bankruptcy. It is therefore important to periodically identify risks and take measures to mitigate them. Every company should therefore spend time on risk management!
Factoring: am I losing control?
An entrepreneur starts for himself or herself because he or she believes he or she can do some things better or smarter. Taking matters into their own hands. This includes an entrepreneur wanting to maintain as much control as possible. As a business grows, this often no longer works. Some tasks have to be delegated and external parties also have their say. Initially, when doing business with small customers, you can still set the terms yourself. As the customers grow, you will increasingly have to settle for the (purchasing) conditions of the customer, often a multinational.
Risk management and default risk
Debtor risk is often one of the largest items on the balance sheet whose value needs to be correctly assessed. You know that entrepreneurship involves the necessary risks. It is therefore wise to identify and manage these risks as well as possible. You do this with your risk management: a process by which you continuously identify, control, monitor and report risks.
What trade-offs do you make? Risk management or risk accounting?
If you think about risks at an early stage, you are more likely to prevent them. You can set this up in different ways. For example, risk management is a continuous process, the initiative often lies with management and it is then applied throughout the organisation. Potential events that could have an impact are identified, risks are managed and thus fall within the risk acceptance level. It is thus a structured way to better manage risks. With risk accountability, the emphasis is on, as the name suggests, accountability. It is then more obvious that the audit department, finance department and controllers are the drivers of the process, with support from an external auditor.
Surprising result of Dutch elections
While it was to be expected that the elections would bring quite a few changes, many had not thought that the PVV would become the largest party. Pieter Omzigt's newcomer NSC also gained a hefty number of seats. The old ruling parties were all punished considerably by voters.
Close 2023 well. 7 tips to benefit!
Time is running out, so we're falling head over heels. There are still some things you can do to take advantage of your credit insurance or financing at the last minute of 2023. So read the seven tips and get started!
BMKB Green for companies with up to 250 employees
For many entrepreneurs, it is all hands on deck at the moment. After a turbulent corona period, accrued tax debts must be paid off, necessary vacancies are hard to fill because there is a shortage of good candidates, and then demand is also collapsing due to the major uncertainties in our part of the world. And if that doesn't fill your day, the government also expects you to make your business more sustainable. Where do you get the time and especially the money?