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Thoughtful Thursdays – Do your customers think your terms are Net: NEVER?

It is a age old problem and not likely to disappear anytime soon. Let’s face it, some people like to hold onto their money for as long as they can, even if they have previously agreed to part with it.

Today’s thought is about getting paid on time.

Having customers is good, but not if they do not pay you on time. Remember that you are not in business to finance your customers unless you are a bank and that is what you are doing if you allow them to owe you beyond the accepted terms.

Not respecting the cost of money can spell an early departure from the market place if left ignored.

What do your suppliers do if your payments are late?

Good selling,
Richard


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