... much the same way. We will call it the business cycle. They produce and deliver a product or service, they invoice the customer, they pay their bills, they get paid by their customers, and they ... The Business Cycle they are the last to get paid. The fi rst to be paid are the receivers or administrators called in if a business has ceased trading. Next is the taxman, then the banks, followed ... adds up to £40,000. 10 How to Understand Business Finance 90 DAYS 60 DAYS 30 DAYSFigure 2 .1 An imaginary business start-upNext we’ll have an area representing the money owed to us by customers....