The end of the year is usually great for most businesses. The average small and medium size business earns 20 percent of its annual revenue between Thanksgiving and Dec. 31, according to the SMB & Money Survey.  But it’s not all good news. The same survey says 70 percent of business owners reported facing at least one serious business problem during the holidays, the most common being late payments.

As Rieva Lesonsky, CEO of GrowBiz Media, explains at, there are steps businesses can take to protect themselves.

“Financial issues can quickly spiral into ongoing cash shortages that can destroy your business,” she writes. “Whether your money problems spring from chargebacks, fraud or late-paying customers, take steps to get them under control before year-end.”

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