If your customers are experiencing financial difficulties, they may suggest changing their credit terms with you. Other times it may be you who suggest changing the terms in order to reduce risk. One arrangement to be wary of though is … Read More »
Building a consistent cash flow for your business will help alleviate the impact of potential financial issues down the road. To decrease the amount of bad debt within your business, one tactic is to provide customers with early payment term … Read More »
It goes without saying that being in the position to even consider taking a settlement is discouraging. For a debt to get to this point with a customer is not what anyone intended at the onset of your professional relationship. … Read More »
Generally speaking, when a customer proposes a payment plan, it boils down to a simple cash flow problem. The reasons for the cash flow problem may be unique but it’s still about cash flow. Because the reasons behind the problem … Read More »