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flag Businesses face a 70% increase in late client payments, prompting owners to assess causes and take action.

flag Businesses are grappling with a 70% rise in late payments from clients, according to CreditorWatch. flag To address this, owners must first assess if clients can't pay or are unwilling, then take appropriate actions like negotiating payment plans or reporting to credit agencies. flag Clear communication and including terms for non-payment in agreements is advised, along with using technology to streamline collections. flag Business owners should feel confident in pursuing owed payments to protect their financial health.

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