Invoices going past due date without any financial commitment from your customer can be frustrating. It even hurts when your customer starts to play pranks on you. You’ve done your due diligence on the customer and have rated him as credit worthy, overtime he starts to default.
Delay in collection is an ordeal every small business owner must learn to deal with. Being able to bootstrap at this time is what makes the journey as an entrepreneur challenging but rewarding. Activate your sixth sense, use every possible tactics to recover your money in this situation.
Delayed payments have led to deteriorating business relationships, fights, lawsuits, confiscation of property, violence and other vices and inconveniences.
Most times fear holds us back from taking that first step. We often feel we don’t have what it takes to arrive at the success we desire. Living life daily comes with certain risks that we have no control over; some of these risks arise as we go about our daily lives.
It’s worrisome to be on your toes all the time, but what can one do? Continue reading “7 Perils of Risk Avoidance”→
The quest to outwit the competitor for market share and dominance has its price, it seems we forget that footprints are left in the paths we’ve once walked in. Most of the time our actions influences those that we don’t have contact with or may never meet. Business leaders with guerrilla mind set may probably disagree. Continue reading “Managing Reputation Risk”→