You aren't the IRS—but sometimes, collecting money becomes an entrepreneur's job. Here's how to handle a client who won't pay.

Operations

15 Tips for Dealing with a Client Who Won’t Pay

You aren’t the IRS, but sometimes collecting money becomes an entrepreneur’s job. That’s why we asked 15 entrepreneurs from the Young Entrepreneur Council (YEC) what steps they take before going to a collections agency for customers who just won’t pay up. 1. Call daily I had this issue with a deadbeat client. I called them daily and...

By Scott Gerber |

The Best Mobile Payment Processor

For small businesses, plastic payments have been a thorny problem for years. More and more people pay by plastic all the time, and increasingly, it’s absolutely expected that you offer plastic as an option. But with credit cards come complex hardware setups, costly contracts, gateways, and support networks. For small businesses on a tight budget,...

By Spencer Grover |

When and How to Outsource Your Payroll

One of the most important aspects of running a business is managing payroll—from the minute your first employee (even you!) starts working, you need a payroll system. But small businesses often lack the adequate resources, time, and money to handle payroll in-house. You need to spend all your time doing what you do best and...

By Shrad Rao |

What New Payment Options Can You Offer Customers?

Whether consumers will pay by credit or debit card, check and cash are no longer the only payment consideration for merchants—particularly as payment technology has evolved to include EMV credit cards, contactless payment, and mobile wallets. Though accepting the latest payment method that consumers prefer is an important aspect of delivering a positive customer experience,...

By Kristen Gramigna |

Our Favorite Black Friday Deals for Your Small Business

We all know that Black Friday and Cyber Monday are great days to pick up deals and get your holiday shopping done. But, what about your small business? It needs a few holiday gifts to get it ready for the New Year. Here are 10 of our favorite deals that will help boost your business...

By Noah Parsons |

Midterm Election Issues Entrepreneurs and Small Business Owners Should Keep an Eye on

While the 2016 presidential elections will define some of the key areas in which small businesses will see the biggest impact, today’s midterm elections go part way to setting the stage for compromise. You’ll want to keep your eye on the outcome as it may have an impact on the business decisions you make in...

By Candice Landau |

One Big Small Business Mistake: Not Giving Employees Business Cards

I once worked for someone who wouldn’t print business cards for employees, not even on a case-by-case basis. The reason—I was told—was that no one did it anymore. Everyone used LinkedIn. The thing is, this employer still had their own business card and still regularly handed it out when meeting potential clients. Clearly, they didn’t...

By Candice Landau |

Take Advantage of a New Trend: Big Businesses Look to Small to Innovate

An increasing number of big companies are hiring small businesses to help them develop innovative products, processes, and procedures. If your company is an innovator, you may be able to team up with larger firms to grow your business much more rapidly. Many small businesses see themselves mainly as competitors with larger companies in their...

By Lew Koflowitz |

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You aren't the IRS—but sometimes, collecting money becomes an entrepreneur's job. Here's how to handle a client who won't pay.