As a small business, it’s vital you set your payment terms and improve your cash flow to make sure you stay solvent. You need to ensure your interests are protected when you deal with other businesses and new customers, particularly if the order is large and requires a lot of investment. Read more about how to decide the best course of action with a late payer: http://www.smartcompany.com.au/sponsored/articles/69221-the-warning-signs-of-business-failures-how-to-avoid-not-getting-paid/
This article was suggested by our mentor Trevor Payne