Collections

I think collections is one of the most unpleasant aspects of owning a business. Very frustrating when people refuse to pay even though they acknowledge that they should. I try as much as possible to collect upfront to avoid the headaches of fighting for what we’ve earned later. ¬†I wish there was an easier mechanism for managing this… I have thought about using escrow for all payments but I think that takes another 2-3% bite out of revenue.

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.