Businesses are constantly changing. Owners sell companies, managers are promoted, and employees are constantly switching companies trying to climb the corporate ladder or switch careers. This can have a drastic effect on the culture and workplace environment of the companies … Read More »
We recently wrote an article about experimenting with shortening your credit cycle to 20 or 25 days but at the same time there are some customers pushing for 60 or 90 day terms. Larger customers are increasingly paying on these … Read More »
The standard convention for credit terms has always been net-30. It provides your customers with enough time to pay but also allows you to receive payment within a reasonable amount of time. It seems to be the best option for … Read More »
Motivation typically comes from within the individual. For the business leader, that means she/he must create an environment that fosters self-motivation. And since every industry has its own unique attributes, the ways in which you choose to foster motivation could … Read More »
Everyone has slow paying customers. Their reasons will vary and it can often be hard to pin down which ones are legit. Some may place the blame on other vendors or slow business, while some may simply own up to … Read More »