Small Business: How to get paid on time
Photo credit: iStock | "You are seeing a new trend: People wait until they can get a bargain, they buy something for themselves that they might like, and they use their gift cards," said Pearl Kamer, chief economist for the Long Island Association business group.
For many small businesses, getting paid on time in this economy is a major challenge -- and getting paid early seems almost impossible.
Payment cycles are being drawn out as customers are paying later, creating a cash crunch for many business owners.
Your business' ability to encourage prompter payment can help alleviate cash flow problems and reduce outstanding accounts receivable,...
