How have you been able to avoid bad debt in business?

[Bousine123]

Recently I started a poultry farm, I don't think I would allow bad debt in my business, when ever someone come to buy my birds I would explain to him that I don't do bad debt, and so if they want to buy from me, they should do a straight business.

 

[tray591]

Debt is one of the thing which can bring any business down to be sincere,so for this aspect I beleive that avoiding been indebted is one of this quality that can prolong the life of your business.

So I think people need to avoid debt in business and so on.

 

[Kane]

First and foremost, you need to find out why you have bad debt. Once you know the proper reasons for bad debt, you can easily address the issue. One of the main reason to have a bad debt in a business is related to selling on credits, a lot of businesses sell on credit in order to attract customers, and later they fail to collect the payment.

 

[Good-Person]

First and foremost, you need to find out why you have bad debt. Once you know the proper reasons for bad debt, you can easily address the issue. One of the main reason to have a bad debt in a business is related to selling on credits, a lot of businesses sell on credit in order to attract customers, and later they fail to collect the payment.

There could be many different reasons for why people could get into bad debt. One of the main reasons why people suffer from this issue is due to the fact that they take loans for many different reasons. Many people may borrow money in order to deal with daily expenses. They have no source of income, but still they opt to take loans.

 

[Frank]

First and foremost, you need to find out why you have bad debt. Once you know the proper reasons for bad debt, you can easily address the issue. One of the main reason to have a bad debt in a business is related to selling on credits, a lot of businesses sell on credit in order to attract customers, and later they fail to collect the payment.

This is the main issue of having a bad debt. When you are selling on credit and not following it up, you may end up discovering that those who bought from you may be unwilling to pay. So, it is important to have a good ground for selling on credit and only sell to those that are credit worthy.

 

[saoussen57651]

This is the main issue of having a bad debt. When you are selling on credit and not following it up, you may end up discovering that those who bought from you may be unwilling to pay. So, it is important to have a good ground for selling on credit and only sell to those that are credit worthy.

Some people expect that there be incoming funds on due date which doesn't happen in half of the cases and a person gets debt increased which could lead to legal problems like getting arrested by the police for example.

 

[Ja sa bong]

How I've managed to avoid bad debt since I started running my business is making sure to plan well, answer the questions of knowing the Strength, Weaknesses, Opportunities and Threats facing my business and working with them have been very helpful.

 

[Heatman]

As a newly business,to avoid unnecessary debt,I must make sure I monitor the business very well I must reduce some of the interaction between me and those I know the can not provide meaningful things in to my business.

It is going to be in your best interest to avoid all kinds of unnecessary expenses that will come to your business when it is in its early stages. The money your business is making at this stage is not going to be enough for it to cover any kind of serious expenses without jeopardizing the business.