While speaking to several Vistage CEO groups last week, a great receivables collection tool was offered by two separate Members: while making a routine customer visit, the senior executive from each of these companies showed the CEO of the client company their recent payment record on a chart on their laptop. The client CEO had no idea that his company was well past due on a payment and immediately arranged for a check our Members took home right then – sometimes you don’t have to ask, just show! Clearly a management tool every business person can use. My best to you, Kraig
Tags: recession help, recession tools, Vistage
Red Scott, the former CEO of Fuqua Industries put it best when he said, “Cash ain’t cash unless it’s cash.”
It’s one of more than a half dozen Red Scott’s salient snippets included on the web site Businessquotes.com and in their book of quotes ($10) taken from the web site.