Is credit good in business?

[kirubel]

True giving some credit and letting the customers take something with credit and buy a product with credit will make the customers happy and more attracted to our shop, but the business will fall any time soon.

 

[Starmix]

Definitely, credit is not good in business, especially for small businesses whose owners have started building their businesses. The sales are rolled and it is so difficult to trust people this time.

 

[HansonU99]

Credit will bring down your business so having credit been welcome in your business is one of the dangerous thing which can happen to any business thou it can come at any time but so enaure you reduced it to the minimum nearest

 

[cherry123]

We need to know when as starters that credit is not good in business, especially for small businesses whose owners have just started building one. Sell on cash basis if you can.

 

[Starmix]

it is not good to extend credit if the business is new it is crucial for the capital might be used up if the creditors fail to pay on time.

 

[eldavis]

I have a friend of mine who is complaining that her customers she gave her products on credit have refused to pay, and the worse part is they are now ignoring her and acting like enemies towards her.

 

[kirubel]

Credit will bring down your business so having credit been welcome in your business is one of the dangerous thing which can happen to any business thou it can come at any time but so enaure you reduced it to the minimum nearest

You are so right, giving credit is only good for the customers and for those who are buying the products, and it is not a good thing for the shop owner and for the store owners since it will put them in a big lose and risk for shutdown.

 

[Starmix]

Giving credit to customers depends on the business owner. If he trusts the person, so he will not hesitate to approve his request, especially if proven through the tract record of the customer as a good standing payor from the other company, so there is no reason to refuse.

 

[Suba]

In running a business we will always deal with debts and receivables, we can also owe suppliers about raw materials, in selling products we will also meet various types of consumers, our aim in providing credit with a certain limit is to keep loyal customers from moving to the shop others, increasing sales turnover etc.

 

[Starmix]

Credit is also good in business and we have to allow only customers with good credit standing. It takes three years to trust a customer and these years camaraderie is built so the customers can buy in credit and pay through installments.

 

[Stardom22]

For sure the credit is not good for the business at all. lt makes the business to go bankruptcy

 

[Starmix]

Credit is not good in a small or big business. It will destroy the reputation of your business. We also dot know if they are honest and have a word of honor.

 

[nomad]

Selling on credit is not good but sometimes you end up selling on credit because you are not making any sales

 

[Shavkat]

In my opinion, credit is not always a good thing for a business. It is best to have the startup capital than having credits. Paying the interest is what they will face and need to pay timely without any shortcomings.

 

[Starmix]

I also agree with you on that. Credit must have a limit. It must only be allowed to qualified customers. There are also bad customer creditors. It may harm the business.

 

[King Belieal]

Selling products on credit strains a business. But if you have people that have high ethical standards that buy on credits and pay on schedule, no problem selling on credits to only such.

 

[Shavkat]

Selling products on credit strains a business. But if you have people that have high ethical standards that buy on credits and pay on schedule, no problem selling on credits to only such.

This is the problem if these people cannot pay on time. It will surely affect the operation of a business.

 

[jetsaints30]

Credit can help your business grow by giving you money to invest in things like inventory or expansion. Good creditors trust you to pay them back without needing collateral. But bad creditors might not pay, which can hurt your finances.

 

[Starmix]

Credit s never good because our capital will be affected in case the creditors do not pay on time or never pay at all

 

[cherry123]

No way, Credit is never good for any business Even though you would be getting more customersbut over time you would discover that you are losing money as some of them would not pay back