1. Establish clear Payment Terms.
2. Effective Communication, Friendly Reminders and Continuous Follow ups.
3. Offer flexible Payment options or Incentive for early Payment.
4. Implement late Payment Penalties.
5. Seek professional Debt Collection agency’s assistance.
Core Competency for Debt collection and its impact on your business
January 13, 2025
Excellent Communication Skill Impact: You may lose your customer
