Social media has become an important part of our daily lives. These platforms affect personal connections and have left a significant mark on the business landscape. Platforms like Facebook, Twitter and LinkedIn play a substantial role in the dynamics of business...
Protecting Your Business
Year: 2023
Strategies for collecting overdue payments from clients
Managing finances is an important part of running a successful business, and collecting payments on time is a cornerstone of good financial health. However, you may find yourself facing the uncomfortable situation of having clients who delay or avoid paying their...
How to handle a business partner who wants out
According to Inc.com, estimates say partnership failure occurs in about 70% of businesses. It is not uncommon to find yourself in a situation where your partner wants to walk away. Navigating the complexities of a business partnership can be challenging. Sometimes,...
How to address commercial debts for your business
Satisfying commercial debts is of paramount importance when you own a business. Unsettled debts can disrupt cash flow, hinder growth opportunities and strain relationships with suppliers or clients. Fortunately, there are commercial debt collection strategies that can...
Hiring a collection agency vs. a commercial collections attorney
Unpaid customer debt is an unfortunate reality you face as a California business owner. If you are unsure who to turn to for help, consider this comparison between hiring a collection agency and a commercial collections attorney. Collection agency methods Hiring a...
Components of a breach of contract case in California
Breaching a contract has consequences in California, and the plaintiff can recover damages from the person responsible for the breach. There are four components of a breach of contract case that anyone entering a contract should understand. The contract A valid...
Avoiding harassment when collecting past-due payments
According to the Small Business Association, as many as 82% of small businesses in the United States fail because of cash flow problems. Many of those cash flow problems come from customers not paying their bills. When payments become overdue, it is important to know...
Effective Negotiation Skills
Being an effective negotiator is an essential skill that permeates various aspects of life, from professional settings to personal relationships. Whether you're trying to strike a business deal, resolve conflicts, or discussing a compromise, the ability to negotiate...
What to do if you think your business partner is gaslighting you
Having a business partner can be an excellent way to share the workload and increase profits. However, a business partnership can also be a challenging and complex relationship. One potential issue that can arise is gaslighting, which is a manipulative behavior that...
Best Practices for Collecting Past-Due Payments
Collecting on past-due accounts is not one of the most enjoyable aspects of running a business, but it is often a necessary one. You can make positive steps toward this goal — and avoid additional pitfalls — by following these tips as you attempt to collect on a...