What New Business Owners Need To Know To Collect Debt

New business debt collection may be the last thing on your mind as you juggle all the different moving parts the come with starting a business. But it can be a deciding factor if your business is to survive and thrive.

If you are in the process of starting a new business, debt collection on past due accounts is likely not even on your radar yet. However, establishing a process on how to collect debt is a crucial component of any business – no matter what the age. Here are a few of the myths that new (and not so new) business owners should dispel when it comes to new business debt collection.