Credit Policy for businesses and how to extend credit and manage credit risk

If you can write down 3-5 goals you want to accomplish for your buisness this year to make more money, you will see how much eaasier it is to reach those goals when you look at the list sitting on your desk every day.

Some examples of goals you can set to be more successful with your business this year are:

1. Be specific when telling customers what and when you want to be paid.
2. Be realistic with your terms and payment arrangements.
3. Have every new customer fill out a credit application.
4. Check the references on the credit applications.

Please comment below if you have any others!