Do not let your customers or potential customers walk all over you because you might be having slow sales and be desperate to make a sale. Remember a sale is not a sale until you get paid.
With the economy in a crisis and sales slow, one of the toughest questions your customers or potential customers will ask you is, “Can I get this now and pay you later?”
Right now with lenders clamping down on new loans and any business owner who is extending credit being VERY careful about who they extend credit to, the best way to answer this question is NO.
While the economy is in crisis do not extend credit without doing a thorough check on a customer. If you extend credit without checking credit, you can kiss your money good bye. If you like working for free and aren’t trying to be successful, you might answer YES to that question but if your smart and want to stay in business, you will answer with a resounding NO!
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