Many economists believe that we are headed into a recession. We are starting to see credit grantors "tighten the purse strings." While I wish I had a magic eight ball, you should strive to have a healthy balance of risk versus reward.
While Quarter 4 is notoriously the time for increased bad debt, there are still steps you can take to put yourself in the best possible position.
Step One: It's important to put a large focus on your 90+-day past-due customers the first couple of weeks of October. Find out, what's the story? Don't be afraid to have direct conversations and ensure that your delivery and tone is, we want to help you! You will always get more bees with honey.
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