/ Building a Business / Business Accounting

Crack Down on Late Payers — 7 Tips for Small Business Owners

By Carol Tice | edited by Dan Bova | Feb 14, 2011

Opinions expressed by Entrepreneur contributors are their own.

1. Track payments carefully. 2. Try a friendly call or email. 3. Choose the right person to follow up. 4. Offer a repayment plan. 5. Rebill and add a late charge. 6. Take preventive steps. Dun & Bradstreet 7. Consider guaranteed-payment methods. working through an intermediary agency Have you had problems with late payers?

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