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A healthy cash flow can be the difference between the failure or success of your business. While many businesses see late payment as a fact of life, there are many things you can do to deal with the persistent late payers and encourage prompt payment. Read these practical tips to ensure you get paid on time and avoid the kind of debts that could have a detrimental effect on the growth of your business. Sign your customers up Ensure your company has got signed contracts with all customers, that clearly state your payment terms. These terms should also be clearly