Small and medium businesses are losing access to as much as $7 billion a year because bigger companies are not paying their bills on time, according to a study. And late payments on outstanding invoices, worth $115 billion, create a “domino effect” on the broader economy by tying up cashflow. Those findings were based on […]
Customers: As the owner of a business, you rely on them, appreciate them and are extremely grateful for their business. In some cases, though, your customers also can be a source of frustration, particularly when they are slow to pay you for your goods or services. Slow-paying customers put a significant strain on any business. […]
- Small businesses losing up to $7b cashflow from late payments, study finds
- How to help deal with slow payers?