The success of any professional practice partly depends on the success and activity of its clients. Indeed, a client can turn out to be a credit risk, or worse. To safeguard your practice, you must be aware how your clients are faring in the current climate and what activities they are undertaking.
It is worth remembering that the moment you start working for a client you are effectively providing an immediate interest-free loan, which you will subsequently wish to collect. So ask yourself if you have any clients for whom you would not be happy to write out a cheque for repayment some time in the future?
