Most people pay back what they owe on time, if not more quickly than an agreement they’ve made requires. After all, lengthy repayment will often mean paying more in interest and could drag down someone's credit score. Unfortunately, for every responsible credit user,...
Month: February 2023
What is a sole proprietorship?
One of the first decisions you have to make when you open a business is what type of structure you’ll use. Many people choose a sole proprietorship. This is the easiest type to start, but there are some limitations you should know about. If you’re ready to open a...
Should you negotiate overdue payments with customers?
Customers who don’t pay their bills in full or who pay late or not at all are the bane of every small business’s existence. So how do you decide when to try to negotiate with a customer and when to start the collection process? First, it’s important to determine...