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16 search results, Duplexes for rent (Sponsored)
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HOW PAYMENT POLICIES CAN MAKE OR BREAK YOUR BUSINESS.
Running a business comes with its fair share of challenges, but one of the most pressing issues for service providers is delayed payments. If a client cannot afford to pay upfront or even make a deposit for goods or services, why do they often assume that the service provider has unlimited resources to cover costs on their behalf, letting them pay at their own convenience? As service providers, we rely on timely payments to sustain our operations. Late payments can disrupt cash flow, creating ripple effects across the business. Worse still, recovering overdue amounts often involves navigating a maze of excuses and delays, sometimes stretching over a year. This issue raises an important question: Should clients be charged interest on delayed payments? Surprisingly, many businesses do not add interest to credit extended to clients. Without financial consequences for late payments, there's little motivation for clients to prioritize settling their debts sooner than later. &nbs
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