Banking

Collection Practices For A Small Business

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Executive Summary

In a perfect world, goods and services would be provided and the clients or customers would pay a fair price. After all, isn't that what we all learned in Business 101? Unfortunately, business transactions are not always so clear and simple. As small one or two-person businesses, cash flow can really be impacted when someone does not pay. Without a big budget for a collection agency or workers dedicated to collecting on outstanding accounts, what can be done to clear up those financial deadbeats?

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