4 ways to protect your small business against late payments

TIM VINE | August 12, 2019

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Tim Vine offers four ways to protect your small business against late payments if you are affected by clients not paying on time.Poor payment practices continue to be a widespread issue. In 2018, Dun & Bradstreet found that small businesses were owed an average of £80,141, nearly a quarter more than in 2017 and worryingly, 17pc were owed between £100,000 and £500,000. These numbers potentially have meaningful consequences for businesses and the wider economy. Overdue invoices can dramatically impact the cash flow of SMEs, as many of these companies lack the deep financial reserves or access to capital which can bridge the gap in payments for large businesses.

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SWILL is New York City’s new delivery platform of alcohol, bringing the liquor store right to your Smartphone. SWILL connects consumers with local merchants to provide convenient, on­-demand delivery of beer, wine, spirits and mixers, making purchases easy and engaging.

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