When people don’t pay their credit card bills or mortgage payments, it can lead to long term negative consequences. This does not however, translate into the business world. Start up companies are forced to close when invoices go unpaid, finding it costly to pursue the debts. Businesses in Canada are given unique identification numbers which gives the government an opportunity to create a business credit bureau that delinquencies can be reported to. It’s something businesses need to push for.

Read more: Unpaid invoices are causing costly problems for businesses