Credit terms should be set by the supplier - Deepstash

Credit terms should be set by the supplier

Credit terms should be set by the supplier in agreement with the customer, because there are many limitations involved when a buying organization decides to set their own credit policies.


84 reads




Business Strategist, Investing in Africa, Tech Evangelist.

Credit management is my biggest lesson for the past 24 months. I personally lost $6, 000 to a client in Malta because of a lack of good business credit management on my part. I don't want you to make the same mistake.

The idea is part of this collection:

How To Build A Company

Learn more about marketingandsales with this collection

How to prioritize tasks effectively

How to manage your time efficiently

How to reduce stress and anxiety

Related collections

Similar ideas to Credit terms should be set by the supplier

Set Both Foundational And Personal Expectations

There are core values that apply to everyone and everything. They need to be set clearly and early.

Then there are personal expectations that are unique to the employee. They need to be set in partnership with the employee. It should be set in a way that meets their goals.

The Ideal Decision-Making Process

  1. Free discussion: all viewpoints and different aspects of an issue are openly debated and where everyone has a chance to speak or express their opinions.
  2. Reaching a clear decision. The terms of the decision should be...

Understand the full set of jobs

A company should recognise the full set of jobs they are hired for. This information can be collected by gathering insights from customer interviews, observations of how people engage with your company, and data gathered from website usage.

The list of specific jobs can be separated into hi...

Read & Learn

20x Faster





Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.


I agree to receive email updates