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Solution to bad debt in small and medium scale businesses.

Ex
I think the only way to pay back small loan using for business,is to be more active on the business doing and make sure you get more customers to the business and make sure you give them the good services ever and lastly make sure you got all the outstanding payment on time as well.
Exactly, I completely understand and appreciate as well as agree to your assessments on this subject on how to run a business that is suffering from debt crisis. The strategy should work.
 
in a small or mini business I don't think it is advisable for anyone to give out products on credit it is good for you to collect your money immediately after sales this is the only way to avoid bad Dept
one of the solution to bartend in small and medium-scale business is to create an awareness that as a small-scale business you don't give out credit because credit kills business gradually.
 
A very cold friend of mine who runs a sawmill company actually ran into a serious debt over the past few years, and he has to use his sawmill as a collateral for bank loan.
 
There is no way you will do business without incurring bad debts but it can be avoided or reduced to the nearest minimum if good measures are put in place. The solution to bad debts in any business is not to sell goods on credit, give low credits or give credit that you can let go.
 
One way to combat bartering in small and medium-sized enterprises is to increase awareness that as a small business, you should avoid giving out credit since credit can progressively kill your company.
 
One way to combat bartering in small and medium-sized enterprises is to increase awareness that as a small business, you should avoid giving out credit since credit can progressively kill your company.
The best solution to bad debt in small and medium business skills to et the customers know that you don't give credit on your business and we do his they will patronize you having that mindset that you do not accept a debit or credit.
 
This may sound somehow though, but the best solution is not taking the loan at all. At least you won't get disturbed about having to repay anything.
 
There is no way you will do business without incurring bad debts but it can be avoided or reduced to the nearest minimum if good measures are put in place. The solution to bad debts in any business is not to sell goods on credit, give low credits or give credit that you can let go.
Depth and business are related because there is no way one can work without another but it also goes hand-in-hand with people that are coming to buy your goods or product and services because they were also being depth at one time or Another
 
A very cold friend of mine who runs a sawmill company actually ran into a serious debt over the past few years, and he has to use his sawmill as a collateral for bank loan.
Using the business as a collateral to a bank loan is risky. What usually happens here is that the business falls quickly because of the pressures that the monthly installments give. It is better to just sell an asset like your car or an extra real estate like an empty lot. At least you can concentrate on the business.
 
Seriously, it's not and can never be a good idea to use one's business or even property as collateral for getting loan. In fact, I'm totally against getting loan for any reason whatsoever.
 
The main reason I always advise people not to go into loans because of they want to start a business is because of bad debt. It is whether to grow your business from scratch than to go into unpayable loans.
 
A lot of people who resort to getting loans for their business actually see it as the last option that they have because they don't really have any other means of getting money to support their business and most times you can't really blame them.
 
We have solution to bad debt in small or medium scale business. And the only solution is to avoid selling on credit to your customer, selling goods out on credit when you have a small business will affect your job.
 
Whenever you are in debt in your small business, it can only mean that you are having more expenses than you are having income and profit in the business, so you need to improve your sales.
 
Bad debt is used to describe a situation where debtors can not pay back their loan or money for goods or services rendered to them in good fasen fingered as a culprit in pulling down small, medium and even large scale businesses in every part of the world.
If a small or medium scale business is hit by bad debt
In a situation whereby estate agent find themselves in bad debts, i will advise him to search real estate agents for them to double up on their property marketing skills so that they can be able to pay off their debt.
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The best solution to bad debt is to sell ones property to pay the debt if it calls for it. Nobody or company will entertain the excuse that you can't pay for a loan you borrowed, you just have to find a possible means to pay off the money
I completely agree with your submission that someone to be able to fill up their bad did they have to be able to sell or either their property or sale of people's property through which they will get your commission and probably pay off their bad debt.
 
There is no way you will do business without incurring bad debts but it can be avoided or reduced to the nearest minimum if good measures are put in place. The solution to bad debts in any business is not to sell goods on credit, give low credits or give credit that you can let go.
In the business industry of our country the credit line is a standard. If you are selling hardware items for building and house constructions the customer usually would ask for credit of 30 days. That purchase on credit is a potential bad debt. But if you do no give credit then there might be no customers to buy anymore.
 
The best solution to bad debt is to sell ones property to pay the debt if it calls for it. Nobody or company will entertain the excuse that you can't pay for a loan you borrowed, you just have to find a possible means to pay off the money
It must be a very bad situation for someone to sell their property to pay off bad debts. For small and medium scale to avoid the cases of bad debts we must make sure we do not give out credit facilities that will affects the business.
 
Well firstly such a business has to restrategize and start doing some helpful things and stop doing what would make them incur more debts, reducing cost so as to save isn't a bad option
 
It must be a very bad situation for someone to sell their property to pay off bad debts. For small and medium scale to avoid the cases of bad debts we must make sure we do not give out credit facilities that will affects the business.

it is actually one of the side effects or the last resort of some people who take loan from banks and for one reason or another not be able to pay back the loans and they will result to sell their properties.
 
Well firstly such a business has to restrategize and start doing some helpful things and stop doing what would make them incur more debts, reducing cost so as to save isn't a bad option
When the debts are piling up the tendency is to borrow a big amount to pay all debts and be left with only 1 huge debt. And if that is not enough then it is time to sell an asset to relieve you of the debts especially if you are paying a high rate of interest in your borrowings.
 

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