When running a successful business especially a successful small business, one problem that usually comes up is that of customers being late with payments. As a matter of business policy you should never begin any job without first receiving a non refundable fifty percent deposit payment to cover your sunken costs (with a 50% profit margin for the final payment). However, there are many times when a small business owner finds themselves being “nice” and waiting for payment. The problem is after multiple invoices and leeway the customer is now taking advantage of you and leaving you out the cash for the money paid to your employees or money spent in finishing the product. It is time to get tough and hire a commercial collection agency. There are many professional and subtle ones that will take the pressure off and collect your payment.
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