Why Every Construction Business Needs a Credit Policy – Big or Small with Lauren Woolley and Phil King FCICM

Think credit policies are only for large companies with big teams? Think again. Lauren Woolley explains why every construction business, no matter the size, needs a credit policy—and how having one can make the difference between getting paid and chasing debt. You'll learn:

• What a credit policy actually is (hint: it's not always a 50-page document!)
• Why “one size fits all” doesn’t apply in credit management
• How small businesses can implement practical, effective credit controls
• The long-term benefits of having a policy in place from day one

Whether you're running a team of fifty or flying solo, this episode is packed with straightforward advice to help you protect your cash flow and build a stronger financial foundation for your business.

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