The advantages and disadvantages of selling to customers on credit

Is it worth taking the risk that could either make you or break you? There are both advantages and disadvantages of selling to customers on credit and a business owner must think carefully before deciding whether it is worth taking the risk.

Credit Insurance Ensures your Growth

How much have you claimed on your Home, Car, Life, Travel or Key Person Insurance since you started paying? Of course, you buy insurance for your own peace of mind but what you buy doesn’t offer a return on investment. And you don’t expect it to.

The Retail Slump

In the last few months, it has been well reported that the retail sector is struggling. Now the figures are out to prove it. During the first quarter of 2018, the number of retailers that have failed has increased by almost 50%. That equates to 327 retailer failures in the last 3 months as reported by CreditSafe.

The Beast from the East is to Blame!

Businesses are not only subject to failure through competition, bad decisions and fluctuations in the economy. The weather can also wreak havoc! We saw that the Beast from the East caused plenty of store closures. An example of this is Debenhams that had to close 100 stores in February due to the freezing conditions.