Small Business Owners Can Improve Their Chances of Collecting on Invoices
By Suzanne Kearns
Business owners are struggling enough in this weak economy, but when you add stagnant accounts receivables to the mix, it can make for some pretty tough financial times. According to a recent Dunn & Bradstreet report, small business owners are having to wait longer to get paid 20 percent more of the time than they were last year. In addition, there have many more business failures, and experts chalk that up to the difficulty that small businesses are having collecting on their past due accounts. Luckily, there are ways that small business owners can improve their chances of collecting on those invoices.