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  • Thanks for the information
    I have two websites i want to get ran...  more
  • Hello hi every body
    I inform to every one If you want Digital M...  more
  • Just wanted to introduce myself.
    I joined this forum to hopefully gain some useful information, share and collaborate my knowledge with others. I run a few business with the largest one being a financial and debt recovery agency. I don't like limiting myself to one facet in life and quality is important to me. I always seek out knowledge and growth and I'm looking forward to sharing and learning for everyone.
    Quick bullets on my background:
    - Family man...  more
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  • Hello nitim.
    Your business structure and decision on whether or not to lend credit is something that every business decides on. Credit is easier to lend if your services are high in demand. In short if you choose to lend credit, you need to establish what type of credit and have the terms in writing. It can vary from Net 30/60/90 to payment plans and promissory notes. Always document the agreement up front and have a plan if a customer or client doesn't pay (and stick to it). Lending credit can attract many new customers because of convenience ,but comes with risks.
    The main reason credit will not be paid is due to the person lending credit putting their priorities over your bill.
    If you do all this and still come across issues then I would suggest seeking professional services....  more