A/R Concentration Risk: How to remain calm when an important client can't pay

It's one of those scenarios almost any business owner can relate to: one of your critical customers -- who accounts for a big chunk of your revenue -- is falling further and further behind on their payments, then stops meeting their deadlines altogether. What can you do, other than panic? 

On this series premiere episode of Wheel of Risk, presented by Allianz Trade, join host Alix McCabe as she sits down with Tim Nemec, the Chief Financial Officer of M. Lipsitz & Co. LTD, to discuss just such a situation. They’ll also hear from Allianz Trade’s Senior Economist for North America, Dan North, as they explore the surprisingly high-risk world of scrap metal recycling, where fluctuating commodity prices can be the difference between feast and famine. Listen to the very end for Dan’s expert analysis on the current economic situation, including the looming likelihood of recession, and for Tim’s ‘parting gift’ to listeners; some important advice to help other businesses avoid the same snags his company has faced.

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