More than 70 percent of the business owners surveyed say they faced at least one serious business problem during last year's holiday season, the most common being late payments.
For small businesses, one late-paying customer could mean the difference between success and failure. Not only are late payments a big problem for small business, but the problem is getting worse.
For a small business, any money lost is a loss for the company as a whole. With minimal budget and even fewer customers or clients, you count every dime, and something as simple as not emailing customers regularly could be costing you.
Take every opportunity to broaden your knowledge and experiences in your career. Gaining better insight is crucial, not only for the task at hand, but also for each decision’s impact on the bigger picture of your organization.
Familiarizing yourself with Payment Card Industry (PCI) standards is a critical component of modern business.