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  • Digg it UP - Collection Downfalls of Small Business Owners and How They Can Avoid Bad Debt and Make More Money

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    they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you

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    Small business owners sometimes make common mistakes when just starting out, and trying to get paid. Some small business owners depend on that income more than someone who gets a check each week. This is because when you work for yourself, the work and therefore the payments are sporadic.

    Small business owners just starting out are sometime so eager to make a sale that they will accept work or an order without getting a signed contract or checking credit references. They just wait and wait to be paid because they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you

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    epend on that income more than someone who gets a check each week. This is because when you work for yourself, the work and therefore the payments are sporadic.

    Small business owners just starting out are sometime so eager to make a sale that they will accept work or an order without getting a signed contract or checking credit references. They just wait and wait to be paid because they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you

    Show Me The Money!
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    ore the payments are sporadic.

    Small business owners just starting out are sometime so eager to make a sale that they will accept work or an order without getting a signed contract or checking credit references. They just wait and wait to be paid because they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you

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    cept work or an order without getting a signed contract or checking credit references. They just wait and wait to be paid because they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you

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    they don’t want to offend the customer or appear that they NEED the money.

    ALWAYS have a written contract ore agreement; you may also want to get half of the money up front with terms regarding the balance very specifically addressed in your agreement. If you can get the other party to sign the agreement, that is even better.

    It is worth it to try and collect the money due at first. Make a couple of calls, if promises are made but no payment, think about using a collection service. It shows you are serious and don’t work for free. Word will get around that you mean business.

    How can I avoid Bad Debt you ask? There are some

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