make money from your investments
Did you know? 1 in every 2 small businesses in the US struggle because of customers that can’t or won’t pay. This creates an even larger problem for these small businesses because it affects their cash flow (which is the ultimate thing that small businesses must have control over). If these businesses aren’t receiving the money they are owed, it puts a major hitch in their business operations. Small businesses need to aim to solve this issue and take care of it from the very beginning. As a small business o
1 – Extend credit to the RIGHT customers – Many of your accounts receivable headaches can be prevented by only allowing customers who can be responsible to operate on net terms. We understand, though, that this can be hard to predict. However, take every possible precaution you can. How? Create a written credit policy, make sure you have a credit application, check customers’ credit before extending and operate on COD (cash-on-delivery) terms with all new customers. Allow them to earn the privilege of net t