Tip: Offer incentives to customers who pay early.
Your business was running pretty smoothly–sales growing, and profits growing, too–and then the credit crunch hit, someone said the “R” word and everything started slowing down almost overnight.
Most troubling of all, your customers have been paying you later and later, as if they are using your money to fill their own personal credit crunch. Well, they probably are.
Most of us don’t realize how dependent we are on[…]