For this week's discussion review the following website http://www.inc.com/guides/finance/20708.html (Links to an external site.). There are various articles about Accounts Receivables and how companies can improve the process extending credit and collecting outstanding receivables. This week you have been asked to consult with a small business owner's startup company. The owner has asked you to develop a "best practice" policy that this company could use with regards to extending credit and collecting receivables. For your initial post, what would you recommend?

Minimum 100 word count