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Late customers force owners to get creative with collections

Faith Smith has been cracking down on late-paying customers at Eyes Cream Shades, which sells children's sunglasses to gift shops and other stores. She, like other small-business owners, has seen an increase in delinquent payments in the past year and a half. Smith instituted late-payment fees, began selling more products through distributors and now asks new customers to fill out a credit application. But her strategies carry some risks, experts say.

Visit Wall Street Journal for more information.

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But Where Is the Money?

Small Business Administration head Karen Mills says her agency has focused on high-growth entrepreneurs in an effort to boost job creation. She advises small-business owners to get involved in the SBA's counseling network in order to refine their business plan and loan package. In this Q-and-A she also discusses government contracting and the small-business climate in Washington and backs President Barack Obama's business initiatives ~  

You can read the complete article at Entrepreneur

Samia Morgan is proud to be listed with the Better Business Bureau -
BBB Accredited business since 03/01/1994

BBB - TrustBrief - Advancing trust in the marketplace

 


 

 

 

 

 

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