5 ways to protect my business against non-payments
Non-payment by customers can be a significant problem for businesses, as it can lead to cash flow problems and financial losses. However, there are several steps that businesses can take to protect themselves against non-payments.
Credit risk is the risk that a buyer will default on their debt obligations, resulting in a financial loss for the seller. It is a major concern for businesses that extend credit to customers, as it can have a significant impact on their financial stability.