I run a small business that currently offer credit control, so I build a process to improve cashflow, reduce overdue invoices and resolve invoice issues early to ensure clients can maintain a stable cash flow. Every client is different, so every client gets a bespoke credit control process essentially. (Money in)
I’m thinking of adding on another cash flow solution, money leaks. My part time job is procurement, so I have the skill set to improve money out. So cheaper pricing negotiations, better payment terms, spotting process inefficiency. (Money out)
I’m good at process improvement and building processes which I’m already doing with credit control clients based off their needs and how they work.
Could adding on the ‘money out’ work? I’d essentially be a one stop shop for cashflow issues. Are there any pitfalls? I’d really appreciate some feedback.
Thank you in advance.