Trying to collect dues on time and failing in the attempts is a part and parcel of every business house. And if you own a start-up, it can get quite frustrating because of the decrease in cash-flow. Plus, you have to take care of so many things. Unlike the MNCs, start-ups have restricted cash flow and hence creating a whole new department for this particular task can be quite difficult.
If you are the owner of a business house, whatever the turnover may be, one common problem is not getting the payment on time. Default customers are sometimes extremely stubborn and they don’t pay heed to the multiple numbers of emails or calls, no matter what. So, you have to adopt certain tricks in order to get the payments but there are a few common mistakes which are made by