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Though only 26, Carl Taylor has spent a decade acquiring and selling businesses. His first, at 18, sold for a measly $600 -- a tenth of its actual worth, he says. Yet from that teachable moment, Taylor began to explore how to maximise business value and negotiate favourable prices.
Carl Taylor has been called an entrepreneur's entrepreneur with good reason. In his ten-year career, the 25-year-old has bought, built up and sold three separate businesses. As the head of Bold Solutions, his business-buying and mentoring firm, Taylor understands the A to Z of profit, helping bricks-and-mortar companies achieve saleability in the shortest time possible.
Small businesses need to start treating their customers like toddlers and train them to pay on time. Carl Taylor looks at six methods of getting your customers to pay up.