Signs of Ageing Debtor

I have been managing AllTechSolution Enterprises Inc. especially its technical operation. The books below are my guides:

• How to Win Friends and Influence People
• DO's and Dont's of Business
• Dilbert Principle of Management
• 30-day MBA in Marketing

The books are available in prints, or in video that can be downloaded from the youtube. These books helped me a lot to be on top of any business dealings and public relation. One of this is how to determine a customer that does not pay on time.

Using the 30 day MBA (page 40), I found the following items that normally shows sign that a client will default in their payment:

• Checks are bouncing
• Partial payments being offered
• Post-dated payment offered
• Claims that payment have been lost in the post
• Claims that the necessary signatories for the checks payment are away

If you have a business and the client gives you one of the reason above, then act right away.

One word of advice, do not give payment terms to clients who has not yet bought from you. Check the forums if the company has a bad reputation.