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Business strategy
How can credit be managed in a business and not affect capital?
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[QUOTE="Etini, post: 287209, member: 90141"] As business people, debts are inevitable. People would always want to buy your products sometimes and they don't have the money to pay at hand. It even gets more serious when it is a regular customer. How do you handle debts without them affecting your business capital? Sometimes, people owe you and you don't have sufficient funds to order again or produce. There was a time on my farm when I had so much debt that I couldn't even have money to buy feeds for my birds. How can a business person work around giving credit without it affecting further sales? I met a lady that was once in the food business. I asked her why she is not doing the business again. She told me that people were owing her too much and she couldn't meet up again. How do we strike a balance in giving out credit as business people? [/QUOTE]
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How can credit be managed in a business and not affect capital?
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