Businesses, especially small businesses, one unpaid invoice from a customer could put a financial strain on the entire company. After all, one unpaid debt really is the difference between profitability and net losses. There are a number of services available to both large and small businesses that can help them avoid net losses.
The first service that is available is customer research. Customer research may sound like it is a marketing strategy, but when used for financial purposes it can really be the difference between a paid invoice and unpaid invoice.
Customer research involves hiring a particular company to do extensive research on customers. This type of research is extremely important, especially if a company has recently had an increase in number of bounced checks from customers. A company can b
Debt is fact of life. At some point, you will either owe a business or other creditor money, or you will be owed past money for a product or service. But the issue of debt is a delicate one, and debtors and creditors alike must be mindful of the best approach to achieve personal debt recovery and debt collection solutions, respectively.
In general, it is important to recognize good debt vs bad debt. To keep good debt from turning into bad debt, maintaining positive cash flow is crucial. Sometimes small businesses have to deal with preventing bad debt on two fronts.
On the one hand, if the company does not have the sustained means to pay its bills, net profits can quickl