Difference between revisions of "Collect Small Business Debt"
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Small businesses rely on a healthy flow of income to remain in business—especially since over 50% of new businesses fail within the first five years.<ref>http://usgovinfo.about.com/od/smallbusiness/a/whybusfail.htm</ref> For small businesses, a bad debt can mean the difference between profitability and net losses. For a small business, collecting debts can be a difficult and, occasionally, litigious process. There are a number of things you can do to increase your chances of being paid. Read on to find out how to avoid bad debts, manage overdue payments and collect debts. | Small businesses rely on a healthy flow of income to remain in business—especially since over 50% of new businesses fail within the first five years.<ref>http://usgovinfo.about.com/od/smallbusiness/a/whybusfail.htm</ref> For small businesses, a bad debt can mean the difference between profitability and net losses. For a small business, collecting debts can be a difficult and, occasionally, litigious process. There are a number of things you can do to increase your chances of being paid. Read on to find out how to avoid bad debts, manage overdue payments and collect debts. | ||
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== Steps == | == Steps == | ||
