Archives
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First ever Small Business Saturday
Small Business Saturday Initiatives include:
A major social media campaign to spread the word about Small Business Saturday and encourage people to give shout-outs for their favorite local shops and restaurants via Facebook and Twitter.
The 1st ten … more
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US Firms Battle Late Invoices
Key U.S. survey findings:
Approximately 39 percent of American invoices were paid "late"
Fifty-two percent of U.S. respondents reported customers had asked for extended payment terms over the last six months. Forty-eight percent had delayed payment without prior agreement.
U.S. respondents' main criteria for selling on credit terms are: "credit check," "track record" and "reputation"
Average domestic payment term: 28 days Average domestic payment duration: 28 days Average foreign payment term: 36 days Average foreign payment duration: 32 days
The most likely impact of overdue invoices was the need to "take specific measures to correct … more