The risk of running a small business is almost the same as running a big business. If your business is not getting paid on time, it affects your business. In worst case scenario you might have to declare bankruptcy and end your business. So if you are running a small business and not getting paid on time. What are the things that might happen? Check out the infographic below for 6 ways slow payments affect small businesses. When you are running a small business, one of the main issues that you need to monitor always is cash flow. Although the cash flow might not be as complicated as big business, the number is not that big. In fact there is just not much calculation needed because the amount of cash money small business has is not much. When payments are delay, it actually affects the whole business process. So when budget is tight and you just don’t have the extra cash on hand, there are some ways which you can do to get through the hard time and hope that tomorrow is better.
When small businesses are not getting paid on time
April 20th, 2017 Kumo