What are the most proactive measures to avoid bad debts in a busses s?

[Stardom22]

For me l have realised that most businesses can't survive without taking loans or selling in credits. How can you avoid bad debts in business?

 

[Augusta]

if possible sell only on cash basis. you need to sell in little quantities to debtors. Give them deadline to pay up and follow it up

 

[Springtime]

If you are selling on credit to some customers, better follow up closely on their payment. If they do not pay on time, send reminders or take legal action.

 

[Suba]

You as a business owner can avoid bad debts in various ways such as a stricter credit policy, collect regularly, provide incentives if they pay on time, work with a collection service, or work with a Pay later platform,

 

[Augusta]

You nerf to keep borrowers and debtors away from your business. you can't have these people and don't have bad debt.