
Mondays with Rick: Not making payments on time sends a negative message to employees and vendors
Dr. Rick Franza, Professor of Management at the Hull College of Business, discusses a different, timely business topic each Monday in this column. This week, he talks about the importance of timely payment to vendors and employees. The interview has been edited for clarity and impact. ABD: A struggle that small businesses sometimes face is paying their bills on time. Why is it important to make those payments in a timely manner, especially when it involves employees, contractors, and vendors? Rick: If you don’t pay on time, it sends a








