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Tagged: creating a credit policy, understanding debtors, how the economy affects your business, recession 2008
As we struggle with our customer’s during this recession we may have to give our business credit policy a check-up. When you wrote your credit policy, most likely the economy was thriving, now that it is struggling your credit policy should reflect those changes in order to be effective. Many of your customers that may have been credit approved might have lost a job or a spouse might be out of … Continue Reading »