Factors that affect business credit terms:
- The type of customer,
- The size and financial strength of the buyer,
- The supplier's operating cycle,
- Seasonality,
- Payment history,
- Supplier's profit margin
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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.
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