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

[Stardom22]

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.

 

[Starmix]

A receipt is required because it is required by the Bureau of Internal Revenu in my country, without the issuance of this will be subjected to investigation.

 

[Edulady]

Very possible. I operate my business without offering credit to them. And the business is operating just fine. My business cannot survive on credit basis

 

[IB D]

There is a man that sells provisions close to my workplace. The man doesn't look at you twice if you want to get something on credit. To answer your question, it is possible.

 

[Yohanna]

It is possible to do business without selling on credit to customers provided it is the basis of your concept.

 

[Johnson2468]

Yes it is very possible to run a business will without giving out credits. I don't even like the even like the idea at all because it can have some negative effects on business

 

[Shavkat]

In my country, it is not allowed to buy things without any receipt. It will be a crime if the sellers do not do this. If the sellers refuse to do so, he or she will be reported right away.

 

[Niyi Briggs]

I don't think it is possible as I do buy on credit sometimes. But you would have to reduce the frequency of yhatto the barest minimum

 

[Johnson2468]

Well some customers are so loyal and close to a business owner, so it may not really be a bad idea to give such persons a credit. But I won't be good if it's getting too much

 

[Niyi Briggs]

There are some customers whom you have a credit relationship with. They always get on credit, sell off and pay you promptly. You can't refuse giving those ones credit.

 

[eldavis]

It is very possible to achieve this, what matters most is if you are discipline enough to stick to this rule. Most persons tend to give out credit just to please a particular customer. Let them know from the very beginning that you do not accept credit, and they would work with you in that way.

 

[Golden9]

It is possible, depending on the type of products or services you are offering. However, you should be understanding yet firm because there are people who may need the help but won't pay back except with some level of persuasion.

 

[Elendu]

A business that runs on credit leads to ruin I think creating a friendly policy would be of great help for you and your customers to avoid debt because if you sell on credit how will you buy products

 

[Niyi Briggs]

What I do is have a limit on the amount I give as credits and if so many people are owing me, I won't give out. The highest credit I can give is $1.

 

[uptrendfinancialsignal]

It is very possible because some business owners do not take it.

 

[Niyi Briggs]

It is very possible because some business owners do not take it.

Businesses that have a strict no debt policy don't really go far. Take it or leave it, debts is part of the business cycle.

 

[Springtime]

There are many small businesses here who do not offer credit for customers. The only accept cash or Octopus card ( a stored value) smart card. It is a requirement for businesses to issue receipts for tax reporting purposes.

 

[hastral45]

A receipt is required because it is required by the Bureau of Internal Revenu in my country, without the issuance of this will be subjected to investigation.

It is not possible to operate businesses without giving credit opportunities. Not all customers are able to make cash purchases. However, if you have to give, ensure the customers have good credit score.

 

[Bisolami]

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.

I don't think it is possible to run a business and you will not sell on credit at all

 

[Stardom22]

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.