Being an entrepreneur, it is justifiable if you wish that
your business should perform to its optimum strength and potential because by
doing so, chances of your success increase manifold. But unfortunately, when
you deal with a number of buyers, there may be a few buyers who may not fulfill
their payment obligations due to various reasons. Though not all of them may
intentionally default on payments, they may face issues due to political
situations. This may be particularly common in export trades.
Likewise, there may be other types of commercial risks also
that may force buyers to default on their payments. Similarly, some of the
buyers may become insolvent and so, this may also result in non-receipt of
amounts due from them. Whatever may be the case, the fact is such things may
create a crisis for your business and this is what dictates the need for
finding a remedy for it.
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