You ought to collect payment for the services or products you render to keep your business afloat. Regrettably, not all clients are to be trusted, and some are using your trading terms as an interest-free overdraft to fund their business operations. As a business owner or entrepreneur whose business is on the road to success, […]
Continue readingHow Has eCollect Helped Australian Small Businesses With Debt Recovery?
Small businesses, regardless of industry, strive for the same goal: stable growth and maximising profitability. Businesses may have many different purposes, but ultimately their sole purpose is to return value to shareholders. Account receivable is an area of the business that is disproportionately expensive because the business has always paid for the stock and labour […]
Continue readingDealing With Unpaid Invoices From Clients – Should A Small Business Hire A Collection Agency?
Financial viability is essential to running a business, especially for small businesses. Few companies have significant cash reserves in an emergency fund for a rainy day. After all, it’s been a rainy day for 2 years now.–. Unpaid debts are major interruptions in small businesses’ smooth running, ultimately leading to failure.
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