Small businesses rely on a healthy flow of income to remain in business—especially since over 50% of new businesses fail within the first five years.  For small businesses, a bad debt can mean the difference between profitability and net losses. For a small business, collecting debts can be a difficult and, occasionally, litigious process. There are a number of things you can do to increase your chances of being paid. Read on to find out how to avoid bad debts, manage overdue payments and collect debts.
Avoiding Bad Debts Edit
Choosing a Debt Collection Route Edit