The economy is growing, the housing market is back on track, and your sales are up. Unfortunately, with more sales comes more risk. Underestimating credit risk can turn a healthy building supply business upside down quickly, so there’s a lot riding on your ability to evaluate credit risk.
When it comes to minimizing your exposure, you want to eliminate or mitigate the impact of the four most disruptive credit problems:
2. Slow Pay
Read this article to find out how proper credit screening can help protect you from customers with the potential for risky behavior.
About the Author
Scott is president and CEO of BlueTarp. He has spent the majority of his twenty year career in financial services helping businesses grow more rapidly through the effective use of credit.More Content by Scott Simpson