How to Prevent Collection Delinquencies
by Barbara Weltman on September 9th, 2009
Most businesses are feeling an economic pinch, with record oil prices, increased inflation and other hiked expenditures making it a challenge to ensure that cash flow keeps pace with expenses. NFIB has reported that 30% of the 65.7% of businesses with cash flow concerns say that difficulty collecting money owed is the main reason. What can you do to keep from finding yourself in the uncomfortable position of being a bill collector or, even worse, failing to get paid the money that’s owed to you? Limit credit to customers If you have been extending credit to customers, consider a change... Read more »