There are some businessmen that opt to sell on the cash basis and never ever sell on credit.
So do you think that this is a good strategy?
So do you think that this is a good strategy?
Do you think the 'Strictly No credit basis ' is a the best strategy for the successfulness for the business?
- Thread starter Stardom22
- Start date
Yes, you would be gumming for success when you do this. Credit means no money for the business until the decides to pay
I try to enforce a strictly no credit arrangement in my business. However, I still do credit sales for people that are very reliable.
There are some people that are genuine and you can't help but give them credit sales. I have personally taken credit at times and I make sure to pay back. The key to credit sales is giving credit to people who are responsible enough to payback within agreed timeframe.
