Difference between revisions of "Collect Small Business Debt"

{{fa}}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.

{{fa}}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.

== Steps ==

== Steps ==