Date Added: Mar 2010
Business is actually quite simple - generate positive cash flow, and hopefully lots of it. In practice, however, it is a little harder to accomplish. Invoice on-time because every day you are late is at least one more day your customer will wait to pay. Give credit to those deserving and consider this policy: "In God we trust - everybody else pays cash." YOU set credit terms, not your customers. Do not let them dictate your payment terms or consider getting a new customer.