Offering credit as a payment method to your customers is somewhat of a double-edged sword. On one hand, it can open your business to more new clients as you are showing that you are versatile and committed to making things easier for your patrons. But on the other hand, you will be opening your business
January is a month of change and new beginnings. This is why making resolutions is so popular during this time of year. While traditional resolutions involve personal goals like losing weight or travelling more often, they don’t have to be confined to the individual. You can also set meaningful resolutions for your business. After all,
In a previous post, we talked about the incredible importance of Terms and Conditions to a business. It’s a document that provides several benefits to companies, including offering legal and financial protection. Such protection is useful in case you need to chase after late payments. If you have the correct Terms and Conditions in place,
Chasing after clients for unpaid invoices is not exactly the easiest thing that a business owner has to do. But it is something that comes with the territory, so they usually take it in their stride and accept the challenge. However, in the past couple of years, this challenge has turned into a nightmare. Many
Regularly evaluating the financial health of your company is one of the best business practices you can implement. This process not only allows you to determine whether your account books are in good order, but also helps keep you on track and allows you to make better financial decisions. If you are not implementing this
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