Deter deadbeat debtors: What are the red flags?

Description

Abstract: Customers or clients who are slow to pay — or who don’t pay at all — can cause a business’s bottom line to go south in a hurry. This article explains some warning signs that business owners should be aware of to help prevent delinquent or missing payments, and lists steps owners can take, such as asking for a retainer or deposit up front before starting a project. The article also suggests that it’s a good idea to be polite, but assertive, if it becomes necessary to pursue missing payments.