How to Deal with Slowing Payments in a Recessionary Economy

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Posted: October 31, 2008

The Wall Street Journal reports today about the growing problem of slow payments for small businesses.

Back in May I wrote about some concrete ways that small businesses can improve their debt collection methods. This can be important to keep up one's cash flow, which really can be the lifeblood for small businesses.

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I once was a credit manager and controller for a small manufacturer. Thank God, I'm not now. Tough business. No place to hide from questionable risks and still sell the volume you need to sell.

of @ Oct 31, 2008 16:11:46 PM

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Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.

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How to Deal with Slowing Payments in a Recessionary Economy

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