Forums: Discussions for entrepreneurs and small business.

Okay, never mind.

robert, thank you, that is very helpful. that gives me a starting point to think about it.

Paula,

If you are going to extend credit to clients- I`d weigh the potential revenue increase against the increased costs which would include:

1. The cost of money
2. The administrative costs associated with the payment process
   1. Invoicing / statements
   2. Processing -
   3. Collecting
3. Estimated "loss" due to non-collection

I don`t know what the "typical" amount involved in an engagement with a client  - but consider developing a relationship with a funding source that would deal with all the "stuff" mentioned above - allowing you to benefit from additional clients.

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Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com

Glad to hear that it helps. Send me a PM or email , if you want to delve into the specifics of your situation.

-------------------------

Business Growth Masters, LLC -
Capital Catalysts for Entrepreneurs
Home of the Scalable Business Plan and QuikStart Capital Programs
http://www.bizgrowthmasters.com
info@bizgrowthmasters.com