Is it possible to operate a business without giving credit to customers?

[Johnson2468]

Yes it possible to operate a business without giving credit to customers. I don't even like the idea at all. This can lead to a lot of things. It can even cause the business to close down

 

[IB D]

I understand how it feels when a loyal customer desperately asks for debt. But there are some people that have s strict no debt policy. They make it clear to their customers that they don't give credits.

 

[uptrendfinancialsignal]

It is extremely possible to carry out a business activities without selling on credit to customers.

 

[cherry123]

Yes it is possible it is just make it clear to their customers that they don't give credits but understand that you might lose loyal customer and might not easily make sales

 

[hastral45]

Nowadays if you don't want you business to starve of the economic business assets or the capital you ensure that you strictly sell on cash basis my friend. Most businesses collapsing died of bad debts.

Yes, I agree. But in most cases, there are some of your customers you must consider for grants because of their credit rating. They are your good customers and if they are not fairly treated, you might lose them.

 

[Stardom22]

To succeed with this kind of strategy you must come up with a strickly no credit policy to your business. Try to explain the them why credit is not always the best option in business. Those customers that would understand you will remain very loyal to you

 

[Heatman]

I think you can achieve this when you sell by issuing an etr- printed receipt. For each sale you make must be recorded on the system and paid either on cash or electronically.

Of course it's possible for you to run a business without offering credit services to your customer because most supermarkets don't offer such services to their customers.

 

[Starmix]

Customers come and go and there is no reason to give credit to them unless permanent customers, you can give a discount to let them feel your sincerity and care to them.

 

[Stardom22]

Let me tell you one thing, the customers that you may call permanent to your business, May take the advantage of that and robe you through buying in larger quantities on your business in credit.

 

[IB D]

You have to make a no credit policy and make sure you stick to it. Don't compromise no matter who is involved. All your customers would adapt to it with time.

 

[fcbetting]

Every store and bar work on this way. Some can allow payment on few months but most service charge right now and don't have option for credit.

 

[Johnson2468]

It depends on the type of business you are doing and your location. These two things has a lot to tell about your business. But still I don't like credit

 

[Stardom22]

It's very possible for businesses to operate in a strickly no credit policy, We have seen the supermarkets operating on this way and they tend to expand their territories to chains.

 

[hastral45]

Yes it possible to operate a business without giving credit to customers. I don't even like the idea at all. This can lead to a lot of things. It can even cause the business to close down

Yes, it is possible to run a business without giving credit. But this measure do not promote kind gesture between the business owner and its customers. Customers won't feel obliged to patronize the business devotedly. Giving credit is part logistic support from the business owners.

 

[Johnson2468]

If you sell in retail sizes, and you happen to be in a location where the people there are not well to do you may have to consider selling your goods on credit

 

[Chibson]

of course it is possible to operate a business without giving credit to customers. In this part of the world, people that runs supermarket actually do not give credit.

 

[Stardom22]

There are many businesses in the world that doesn't operate in credit, like I have never seen the public transportation buses giving credit to the clients elsewhere on the earth.

 

[Johnson2468]

There are many businesses in the world that doesn't operate in credit, like I have never seen the public transportation buses giving credit to the clients elsewhere on the earth.

I have never seen it too, it is not even possible. And there are a lot of businesses like that, that it is impossible to give credit. For me, I don't even like it at all

 

[flower]

The customers are the end users of the product giving them credit is necessary.

 

[uptrendfinancialsignal]

The customers are the end users of the product giving them credit is necessary.

It is true that it is good when you give them credit and it is one of the things that will encourage the client.